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The Lagos State Ministry of Economic Planning and Budget is a government ministry of Lagos State, Nigeria. It is tasked with the responsibility to plan, draft and implement policies on the state's economic planning and budget. [1] The ministry was formed in June 2009. [2]
Like Volkswagen, PAN began production in 1975 with inputs shipped in bits and pieces from abroad. The equity distribution was Peugeot Citroen (40%), Nigerian government (35%), Kaduna State (10%) and Nigerian Industrial Development Bank (5%). At onset, the cars were priced affordably and it became a popular car among the middle class.
The Ministry of Transportation is a branch of the federal government of Nigeria responsible for watching the movement of people and goods across the country. Sa'idu Ahmed Alkali is the Minister of Transportation. [2] The ministry oversees road vehicles, aviation, and rail transport. [3] [4]
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According to the most recent data published by the Nigerian Port Authority (NPA), inbound tonnage across all ports expanded from around 9m tonnes in 2016 to 10.4m in 2017 and 10.9m in 2018, with the first quarter of 2019 recording 2.8m tonnes. Outbound tonnage over the same period also rose, from 2.1m in 2016 to 2.3m in 2017 and 2.4m in 2018.
Kekes are three-wheeled motor vehicles and the main means of transport in Nigeria. They have so far been imported from the Far East and usually cost about 800,000 Naira or 1,600 Euros. Innoson announced a selling price of 500,000 Naira or 1,000 Euros.
The Office of the Secretary to the Government of the Federation (SGF), which is domiciled in the presidency, also has some agencies under it. They are: Nigerian Christian Pilgrim Commission [6] National Lottery Trust Fund [7] Nigeria National Merit Award
Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits. [57] 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%.