Power Supply in Recent Decline

Power Supply in Recent Decline

By Deji Adekunle

In light of the recent increase in electricity blackouts around the nation, it has been made known by the Daily operational Reports of the TCN that many of the nations power plants are currently affected by gas shortage, water management and transmission problems. Read More

Infographics: How To Spend Nigeria’s Recovered Loot

Infographics: How To Spend Nigeria’s Recovered Loot

By David Ndukwe

On the 6th of May 2016, the Federal Government and the President of the Federation announced the 2016 budget. It came with a bit of salt to the public as it was NGN6.06 trillion higher than the previous budget of NGN 4.49 trillion. In fact, this was the highest budget ever proposed. Read More

Cost of Lost $9 Billion Oil Money: 205,000 Schools or 144,000 PHCs.

Cost of Lost $9 Billion Oil Money: 205,000 Schools or 144,000 PHCs.

By David Ndukwe

According to 2013 Report recently released by Nigeria Extractive Industries Transparency Initiative (NEITI), Nigeria lost at least $9 billion in 2013 to dodgy financial practices in the oil and gas sector. Read More

Over N35.6 Trillion ($178 Billion) of Illicit Funds Has Flowed Out of Nigeria in Ten Years

Over N35.6 Trillion ($178 Billion) of Illicit Funds Has Flowed Out of Nigeria in Ten Years

By Joshua Olufemi

If Nigeria closes its custom borders against illicit financial flows (IFFs) this year, it just might be the only thing needed to cover for the N2.2 Trillion deficits in the 2016 National budget. Read More

Development Aids: Nigeria Received Over $52 Billion Since 1958
In General

Development Aids: Nigeria Received Over $52 Billion Since 1958

By Joshua Olufemi

Between 1958-2008 Nigeria received $52.1 billion in form of aids for development from both international organisations and Countries. Read More

2015 Budget: National Assembly’s N150billion enough to fund capital votes for 20 Federal MDAs

2015 Budget: National Assembly’s N150billion enough to fund capital votes for 20 Federal MDAs

The whopping N150 billion allocated to the National Assembly in the 2015 Appropriation Act, can fund capital votes for 20 Ministries, Departments and Parastatals [MDAs], a PREMIUM TIMES analysis of the budget has shown. Read More