Budget: States to spend 5% less y-o-y as economic realities bite

The total amount budgeted by 35 states for the 2016 fiscal year is 5% less than what they spent in 2015. The states presented a combined appropriation of N5.77 trillion for 2016, as against the N6.07 trillion appropriation they presented in 2015 (Zamfara State is yet to release its budget,). 

Nigeria’s import, export dichotomy

OBODO EJIRO examines Nigeria’s international merchandise trade mix.

Legacy of Apapa roads

Two features are sure to be noticed on the roads leading in and out of Apapa, Nigeria’s premier port city. First, though both roads are generally in bad shape, the ones leading out of Apapa are far worse. Secondly, there is always traffic on both sides.

The first of the two features is a subtle indication that much more, in terms of volume and value, comes into Nigeria through the two ports in Apapa than goes out of the country through them. (The roads leading out of Apapa are under more pressure and consequently suffer more wear and tear.)