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The Nigeria Vision 20: 2020 is a perspective plan; an economic business plan intended to make Nigeria one of the top 20 economies by 2020, with a growth target of not less than $900 billion in GDP and a per capita of not less than $4,000 per annum. The three Pillars of the NV 20:2020 are i) guaranteeing the well-being and productivity of the ...
Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits. [56] By 2015, Nigeria's inflation stood at 9%. In 2005, the federal government had expenditures of US$13.54 billion but revenues of only US$12.86 billion, resulting in a budget deficit of 5%.
The following table presents a listing of Nigeria's 36 states ranked in order of their estimated total GDP in 2021 according to a 2022 report by BudgIT. [ 1 ] Rank
Nigeria is divided roughly in half between Muslims, who live mostly in the north part of the country, and Christians, who live mostly in the south; indigenous religions, such as those native to the Igbo and Yoruba ethnicities, are in the minority. [20] Nigeria is a regional power in Africa and a middle power in international affairs.
The minister of finance of Nigeria is a senior cabinet official in the Nigerian Federal Executive Council. The finance minister's directs the Nigerian Ministry of Finance and ensures that it operates in a transparent, accountable and efficient manner to bolster the country's economic development priorities. The minister is assisted by the ...
Cabinet of Nigeria: 2023–present: Date formed: 16 August 2023 () People and organisations; President: Bola Tinubu: President's history: Former Lagos State Governor (1999–2007) Former Nigerian Senator for Lagos West (1992–1993) Vice President: Kashim Shettima: Total no. of members: 52 (incl. Cabinet-level members) Member party All ...
Nigeria's Climate Change Act, 2021 is an Act of the National Assembly of Nigeria. [1] The act requires the government to establish a National Climate Change Action Plan and a five-year carbon budget, with specific annual targets. [1] [2] The act establishes the National Council on Climate Change. This Council is tasked with executing the ...
The National Assembly of the Federal Republic of Nigeria is a bicameral legislature established under section 4 of the Constitution of Nigeria [1] [a] The body consists of 109 members of the Senate and 360 members from the House of Representatives; [2] There are three senators from each states of Nigeria and one senator representing the Federal Capital Territory and single-member district ...