a. From Bloomberg: “Net foreign inflows to Nigerian equities totaled 337 billion naira ($940 million) last year, the first time flows have been positive since at least 2013. December was the best month since Bloomberg started compiling data at the beginning of 2014, with net inflows of 140 billion naira, signaling a switch in sentiment toward equities in Africa’s biggest oil producer.”
b. From the Ministry of Power, Works and Housing: The capacity of the Transmission Company of Nigeria (TCN) to transport energy has grown to 7,125 MW as at December 2017, up from about 5,000MW in 2015.
c. As part of efforts by the Federal Government to block revenue leakages (about N100 billion was discovered as tax revenue shortfall by contractors between 2012 and 2017), on January 9, the Ministry of Finance ordered vendors of Ministries, Departments and Agencies (MDAs) to display their Tax Identification Numbers (TINs) on their invoices before payments are affected by the MDAs. Details here.
d. Minister of Health: “By the end of the April, eight million Nigerians stand to benefit from basic health care through the first phase of implementation of the Basic Health Care Provision Fund, BHCPF.”
e. Impact of the 1st Phase of the Federal Government’s Energizing Education Programme (EEP), planned for 2018. The EEP, being implemented by the Rural Electrification Agency (REA) aims to provide dedicated and reliable electricity to a total of 37 Federal Universities and 7 University Teaching Hospitals across Nigeria.