Unic Press UK: The Nigerian government says the battle against graft is on course and that its already winning.
During a press briefing Monday in Lagos, the Minister of Information, Culture, and Tourism, Lai Mohammed, said: “It is noteworthy that MDAs are remitting more money to the Federation Account. From remitting only ₦51 million between 2010 and 2016, JAMB went further to remit ₦7.8 billion in 2017 and is on course to remit similar amount in 2018.
Mohammed said that the Treasury Single Account (TSA) has reinforced transparency and blocked a lot of leakages.
On the ‘Corruption Perceptions Index 2017’ of Transparency International, Nigeria ranked 148 and scored only 27. The index ranked 180 countries, taking into account the level of corruption in the public sector of countries and territories, using a scale of 0 to 100, where 0 is highly corrupt and 100 is very clean.
Nigeria – Economic Indicators & Other Information
- Consumer Price Index (CPI): The CPI which measures inflation increased 14.33 percent (year-on-year) in February 2018, illustrating a 0.8 percent points lower than the rate recorded in January 2018 (15.13). [National Bureau of Statistics, Nigeria]
- Gross Domestic Product (GDP): $404.65 billion as of 2016. [World Bank].
- GDP per capita: $2,175.67 as of 2016. [World Bank].
- Total National Debt: ₦21.725 trillion [$70.99 billion] at 31st December 2017.
- Unemployment: “The unemployment rate increased from 14.2% in Q4 2016 to 16.2% in Q2 2017 and 18.8% in Q3 2017”, the country’s Bureau of Statistics said in its report ‘Labor Force Statistics Vol. 1: Unemployment and Underemployment Report (Q1-Q3 2017)’of December 2017.
- Population: 185.98 million as of 2016. [World Bank]. The current estimate is 195 million based on Live update as of 15 May 2018.
- The total land area is circa 910,770 Km2. [World Bank].
- Life expectancy at birth : 52.9 years as of 2015. [World Bank].
- Central Bank of Nigeria official exchange rate as of 29 May 2018 $1= ₦305.95