Kosi’s Dad | Senior Research Analyst @BudgITng |Ex @thecableng I Ex @Statisense | Economist I Policy Writing Fellow @agorapolicy |In Christ, For Christ with Joy

Victor Ejechi’s Journalist Portfolio

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The N159 Trillion Question Nobody in Abuja Wants to Answer

The N159 Trillion Question Nobody in Abuja Wants to Answer

https://budgit.org/ — On the 31st of March 2026, President Bola Ahmed Tinubu sent a letter to the National Assembly. In it, he asked for permission to borrow $6 billion from abroad. The request arrived wrapped in the usual language of fiscal responsibility, deficit financing, infrastructure priorities, and the N68.32 trillion budget framework that needed shoring up. Lawmakers will debate it, amend a clause or two, and approve it. This is how it always goes.

Twitter ban, embargo on SIM card sales... decisions that impacted Nigerian economy in 2021

Twitter ban, embargo on SIM card sales... decisions that impacted Nigerian economy in 2021

TheCable — As 2021 draws the curtain to usher in 2022, it is important to look at some of the events that impacted the economy. While many Nigerians believe that nothing can surprise them, the federal government took some steps that impacted the economy positively and negatively in the year.

Sex, tribe and religion -- tests you must pass to get a Lagos apartment | TheCable

Sex, tribe and religion -- tests you must pass to get a Lagos apartment | TheCable

TheCable — When Chuks Amadi concluded his national youth service programme, he wanted to practise as a medical doctor in the "centre of excellence", mainly because it is believed to be a home for all, where dreams are achieved faster and opportunities abound for the willing.

Nigeria's revenue from train services increased by N4bn in one year

Nigeria's revenue from train services increased by N4bn in one year

TheCable — The National Bureau of Statistics (NBS) said this in its latest rail transportation data for 2021. The figure, compared to that of 2020 (N2.03 billion), shows an increase in federal government revenue from railway transport services by 199 percent in one year.

INSIGHT: Nigeria's N4trn budget for petrol subsidy is more than 2021 CIT, VAT combined | TheCable

INSIGHT: Nigeria's N4trn budget for petrol subsidy is more than 2021 CIT, VAT combined | TheCable

TheCable — On Thursday, the national assembly approved the request of President Muhammadu Buhari to earmark N4 trillion for petrol subsidy in 2022. Subsidy or under-recovery is the underpriced sales of premium motor spirit (PMS), better known as petrol. The lower and upper legislative chambers approved the president's request after they considered reports of the finance committees.

Kaduna, Enugu... 24 states attracted zero foreign investments in 2021

Kaduna, Enugu... 24 states attracted zero foreign investments in 2021

TheCable — Foreign investors ignored 24 states as the value of capital importation into Nigeria fell by 30.78 percent to $6.7 billion in 2021 from $9.68 billion in 2020. The National Bureau of Statistics (NBS ) disclosed this in its latest Nigerian Capital Importation report for the four quarters of 2021.

13% derivation: Eight oil-producing states received N144bn in Q1 2022

13% derivation: Eight oil-producing states received N144bn in Q1 2022

TheCable — The amount is a statutory allocation of the 13 percent derivation formula as enshrined in section 162, sub-section 2 of the Nigerian constitution. The states were Delta , Akwa-Ibom, Bayelsa, Rivers, Edo, Ondo, Imo, and Abia. The National Bureau of Statistics (NBS) said this in the latest federation account allocation committee (FAAC) reports.

NBS: Nigeria recorded N1.2 trillion trade surplus in Q1 2022 | TheCable

NBS: Nigeria recorded N1.2 trillion trade surplus in Q1 2022 | TheCable

TheCable — The National Bureau of Statistics (NBS) says Nigeria recorded N1.2 trillion trade surplus in the first three months of 2022. The bureau stated this in its recent report titled: 'Foreign trade in goods statistics (Q1 2022)'. A trade surplus is an economic indicator of a positive trade balance in which the exports of a nation outweigh its imports.

FIRS: We generated N6.4trn revenue in 2021 | TheCable

FIRS: We generated N6.4trn revenue in 2021 | TheCable

TheCable — Johannes Oluwatobi Wojuola, special assistant on media and communication to the chairman of FIRS, said this in a statement released on Thursday. According to Wojuola, Muhammad Nami, executive chairman of FIRS, said that despite the limitations faced in 2020/2021, the agency achieved over a hundred percent of its collection target.

From FX scarcity to tariff hikes... importers, agents lament rising cost of doing business | TheC...

From FX scarcity to tariff hikes... importers, agents lament rising cost of doing business | TheC...

TheCable — Trade is the main engine of development strategies because of the implicit benefits on job creation, expansion of markets, incomes, and facilitation of competition. According to the World Trade Organisation (WTO), the main thrust of trade policy is the enhancement of the competitiveness of domestic industries to stimulate and promote diversified export trade.

Customs generates N1.3trn revenue in six months - up by 29%

Customs generates N1.3trn revenue in six months - up by 29%

TheCable — The Nigeria Customs Service (NCS) says it generated N1.293 trillion between January and June 2022 as revenue for the federation. This represents a 28.83 percent increase from the N1 trillion generated within the period last year . The service also issued 116,691 pre-arrival assessment reports (PAARs) against 129,667 processed in the same period of 2021.