The National Bureau of Statistics highlighted seven reasons why Prof. Hanke’s claim is faulty and holds no ground in the Nigeria ecosystem.
The contraction in the oil sector indicates 7.26% points lower than the growth recorded in the previous quarter (Q2 2020, -6.63%)
The Nigerian economy officially plunges into recession as the country's GDP in real terms declined by -3.62% YoY in Q3 2020, the second contraction in 2020.
Ministry of Finance has disclosed that N604.004 billion was shared among the 3 tiers of government as federation allocation for October.
The manufacturing PMI rose to 50.2 points in November from 49.4 points recorded in October and 46.9 in September 2020.
The Minister of Finance, Budget and National Planning has given an assurance that the 2020 Finance Bill will not lead to an increase in tax.
The Lagos N1.16 trillion 2021 Appropriation Bill has scaled through a second reading at the Lagos State House of Assembly.
FAAC disbursed the sum of N2.05trn to the three tiers of government in the third quarter of 2020.
Speaker Gbajabiamila has disclosed that the House of Reps would ensure that it passes the PIB within the next six months.
The Delta State House of Assembly has today passed the 2021 Appropriation Bill worth N384 billion.