Politics - Page 2 - Intelpoint

Local companies dominated CIT contributions in most years, accounting for over 50% of payments in 9 of 11 periods between 2015 and 2025 (Q1–Q3).
Foreign companies briefly closed the gap in 2023, contributing 49%, the closest they have come to matching local firms.
Local companies recorded their strongest share in 2021 at 65%, marking the widest gap between local and foreign contributors.
“Other payments” peaked during the pandemic, rising to 17% in 2020 before dropping to 0% from 2022 onward.

26 companies on NGX are valued above ₦1 trillion.
MTN Nigeria leads at ₦16.38 trillion, making it the most valuable listed company.
The top three firms (MTN Nigeria, BUA Foods, and Dangote Cement) are far ahead of the rest, each exceeding ₦13 trillion.
9 of the 26 companies are in the financial services sector.
Telecoms and manufacturing dominate the upper tier, highlighting infrastructure and essential services as market anchors.
Energy companies are firmly positioned, reflecting their central role in the economy.
Market concentration is high, as a few giants carry disproportionate weight relative to the 122 sub-₦1 trillion firms.
Sector diversity exists within the top 26, but most belong to industries tied to basic economic activity rather than emerging tech or high-growth startups.

Local companies dominated CIT contributions in most years, accounting for over 50% of payments in 9 of 11 periods between 2015 and 2025 (Q1–Q3).
Foreign companies briefly closed the gap in 2023, contributing 49%, the closest they have come to matching local firms.p
Local companies recorded their strongest share in 2021 at 65%, marking the widest gap between local and foreign contributors.
“Other payments” peaked during the pandemic, rising to 17% in 2020 before dropping to 0% from 2022 onward.

Nigeria is the fastest to reach $100B — 34 years, achieving the milestone in 1994.
Ethiopia took the longest — 81 years, reaching the mark in 2022 after decades of gradual expansion.
Resource-driven economies reached the threshold faster, including Angola (36 years) and Algeria (43 years).
North African economies crossed earlier, with Egypt (1989) and Morocco (2008) benefiting from diversified economic bases.
South Africa reached $100B as early as 1988, reflecting its long-standing industrial and financial depth.
Ghana is among the slowest climbers (68 years), but its recent 2025 milestone shows the impact of sustained reforms and growth.
Speed varies widely (34 to 81 years), showing that growth paths across Africa are shaped by very different economic realities.

The proposed 2027 election budget of ₦873.8 billion is the highest in Nigeria’s history.
The 2027 figure is 2.5 times higher than the ₦355.3 billion spent in 2023.
Election costs have increased every cycle since 1999.
Spending has grown from ₦32 billion in 1999 to ₦874 billion in 2027.
In dollar terms, the 2027 cost is estimated at about $625.9 million.
Nigeria has spent approximately ₦1.9 trillion—including the 2027 proposed cost—on elections since the start of the Fourth Republic.
Currency depreciation has influenced the dollar-equivalent fluctuations over time.

Rivers, Lagos, and Ogun lead the ranking, covering most operating costs from their own revenue.
Jigawa, Bayelsa, and Yobe are the most dependent on federal allocations, with internal revenue covering only a fraction of expenses.
Higher-ranked states demonstrate stronger economic resilience and better domestic revenue mobilisation.
Lower-ranked states need to grow internal revenue or reduce operating expenses to improve financial self-sufficiency.

President Tinubu has spent 237 days (about eight months) abroad since 2023.
France alone accounts for 89 days, making it his most-visited country.
The UK ranks second with 28 days.
The UAE, Brazil, and Saudi Arabia feature prominently.
Asia is well represented by China, India, and Japan, indicating growing engagement with Eastern economies.
Several African countries appear on the list, showing continued regional diplomacy.
Most countries recorded fewer than ten days, suggesting many short, targeted visits.

The Nigerian Army is allocated ₦1.5 trillion, surpassing the ₦1 trillion mark and making it the highest-funded force in the proposal.
Police formations and commands receive ₦1.3 trillion, exceeding the ₦ 1 trillion threshold in the 2026 budget.
The Nigerian Navy’s proposed allocation stands at ₦443.9 billion, keeping it well below the trillion-naira range reached by the top two.
The Nigerian Air Force is allocated ₦407.2 billion.

The Army has been allocated ₦1.50tn, more than half of the top-ten defence allocations, making it the backbone of Nigeria’s security spending.
The Navy (₦443.9bn) and Air Force (₦407.2bn) come next, but together they are far behind the Army.
Institutions like the Defence Intelligence Agency, Training and Doctrine Command, and Defence Missions receive meaningful but much smaller funding, reinforcing their support-role status.
The Defence Space Administration (₦37.3bn) is on the table, but its small size shows Nigeria is only cautiously stepping into cyber- and space-based security.

The Federal Ministry of Finance dominates with ₦16.78 trillion, accounting for nearly ₦1 in every ₦3 spent among the top ministries.
Combined, the ministries of Finance and Budget & Economic Planning control more than 50% of the listed allocations, underscoring the government’s focus on fiscal strategy and economic agenda.
The Works and Defence sectors rank third and fourth, reflecting continuous prioritisation of infrastructure development and national security.
Education and Health, while critical, receive smaller shares, signalling potential pressure points in human capital development funding

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