By SCARY DATA: COMPARING DATA ABOUT NIGERIA IN 2014 AND 2018 (MUST READ)
For many Nigerians, the year 2014 and 2018 represents years they will never forget in a hurry as they precede the year for the general elections where electoral spending takes the centre stage leading to the direct impact on the economy. This is also so because of the economic realities posed by this crucial period.
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The height of the economic significance in the year preceding the general elections was brought to fore in the early hours of yesterday, Wednesday 30th January 2019 when StatiSense, a data company with expertise in data analysis, market survey, inforgraphics, training and research took to Twitter via its handle @Statisense to reveal myriad of shocking data on the economic fortunes of the Nation in 2014 before the elections in 2015 that saw Buhari voted into power as President and 2018 that will see the nation go to the polls come February 16th 2019.
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The data revealed by StatiSense as gathered from the National bureau of Statistics, NBS to the shock of Nigerians, exposed the height of economic downturn and improvement experienced in the space of four years.
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The comparative analysis was done in different categories of the Nation’s economy which ranged from Urban Employment Rate, Foreign Reserves, Inflation Rate, Unemployment Rate, Oil Price Benchmark, Exchange Rat, and Value Added Tax among others.
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The Threads of Tweet since yesterday have been generating massive reactions on Twitter and attracted thousands of retweets.
BlackBox Nigeria brings you the complete thread of Tweets showcasing this revelation.
NIGERIA, THE YEAR BEFORE ELECTION – 2014 versus 2018
Foreign Reserves:
2014: $42,847 2018: $43,057
Inflation Rate:
2014: 8.0 2018: 11.4
Unemployment Rate:
2014: 7.03m 2018: 20.93m
Debt:
2014: N10.84trn ($69.61bn) 2018: N22.42trn ($73.21bn
It also revealed that:
NIGERIA, THE YEAR BEFORE ELECTION – 2014 versus 2018 Cont’d.
Oil Price:
2014: $57.33 2018: $53.80
Oil Price Benchmark:
2014: $77.50 2018: $60.00
TAX 2014: N4.71trn 2018: N5.32trn
GDP Growth: 2014: 5.94% 2018: 1.81%
Exchange Rate 2014: N168/1$ 2018: N306/1$
The revelation continued:
NIGERIA, THE YEAR BEFORE ELECTION – 2014 versus 2018 Cont’d.
FG Budget 2014: N4.49trn 2018: N9.12trn
All Share Index 2014: 34,657.2 2018: 31.430.5
Market Capitalization 2014: N11.48trn 2018: N11.72trn
Pension Fund Assets 2014: N4.61trn 2018: N8.5trn /end.
Cont’d.
Population Estimate 2014: 181.4m 2018: 206.2m >>>>>>>>>>
Federation Revenue: Total FAAC 2014: N8.58trillion ($54.98bn at 1$/N156) 2018: N8.52trillion ($27.86bn at 1$/N306)
Total FAAC Per Capita 2014: N47,277.21 ($303.06) 2018: N41,344.97 ($135.11) Source: NBS/OAGF
Cont’d.
Value Added Tax 2014: N794.22 billion 2018: N1.09 trillion 13%
Derivation FUnd: 2014: N694.20 billion 2018: N640.13 billion
Source: NBS / OAGF
Cont’d.
>>>>>>>Labour Force Statistics Labour Force Population 2014: 72.5m 2018: 90.5m
Total Number Employed 2014: 65.5m (90.31%) 2018: 69.5m (76.87%)
Unemployment Rate: 2014: 9.7% 2018: 23.1%
Under Employment Rate: 2014: 15.4% 2018: 20.1%
Source: NBS
Cont’d.
Post-Secondary Employment Rate 2014: 88.02% 2018: 70.25%
Youth Employment Rate 2014: 86.56% 2018: 70.29%
Female – Employment Rate 2014: 88.63% 2018: 73.44%
Male – Employment Rate 2014: 91.87% 2018: 79.67% Source: NBS
Cont’d.
Urban Employment Rate 2014: 85.26% 2018: 78.81%
Rural Employment 2014: 92.46% 2018: 76.06%
Misery Index (Inflation, Underemployment & Unemployment) 2014: 33.1% (1 in 3 Nigerians are Miserable) 2018: 54.6% (1 in 2 Nigerians are Miserable)
Source: NBS
