Collected loans and uncollected taxes – THE WEEKLY NEWS QUIZ

#1. What is the stance of the Nigerian Medical Association (NMA) regarding the controversial "anti brain drain" medical bill proposed by the Nigerian government?

The NMA is against the bill and believes that it will discourage students from studying medicine.

#2. What is the "Arcturus" variant of Covid-19, and why are health experts concerned about it?

It’s a sub-variant of the Omicron strain with mutations that make it more infectious. Due to this strain, masking and COVID restrictions have resumed in India.

#3. How much of the $800 million received by the Nigerian government from the World Bank to deal with petrol subsidy removal will be disbursed to beneficiaries?

The Nigerian government is to receive $800 million from the world bank to distribute to people on low-incomes when the country stops the petrol subsidy in June. The Ministry of Finance says of the $800 million, the government intends to use $53 million for administration and logistic needs.

#4. What is the estimated cost of fixing the National Stadium in Lagos, according to the Minister for Sports and Youth Development?

The minister of sport, Sunday Dare, says renovations have been slow due to poor funding. He says the Lagos National stadium became unfounded after the Abuja Stadium’s launch.

#5. According to a report by the Nigerian Financial Intelligence Unit (NFIU), how much tax revenue is the Federal Government of Nigeria yet to recover from various sectors?

The NFIU says the Federal Government of Nigeria is yet to recover about N8 trillion in taxes from various sectors, including oil companies, telecommunication service operators, insurance companies, pension fund administrators, and gaming and betting companies. Meanwhile, the Nigerian Government has been borrowing every other week and is in debt to the tune of $103 billion. 

#6. How much money has the Nigerian government approved for repairing the Third Mainland Bridge in Lagos and augmenting the contract sum for the old Enugu-Anambra road project?

The federal government has approved 23 billion to repair the Third Mainland Bridge in Lagos and augment the contract sum for the old Enugu-Anambra road project

#7. What is the purpose of the ₦320.3 billion intervention funds approved by President Buhari for public tertiary education institutions in Nigeria in 2023?

#8. What is accounting firm, KPMG's projection for Nigeria's unemployment rate in 2023?

#9. What two groups of people did the National Emergency Management Agency recently assist in Nigeria?

#10. Which senator has been suspended by the ward executives of Bambam Ward of Balanga Local Government Area of Gombe State in Nigeria?

Finish

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