According to a new report from the Presidency, Federal Tax Service (FIRS): Tax revenue collected amounted to $ 4 trillion in 2017, or 82.38% of the target of $ 4.89 billion set by federal government for the period. 720 billion naira (22%) more than the 313 billion naira generated in 2016. While the manufacturing industry of Nigeria (MAN): Nigeria's manufacturing sector has outperformed some of its African peers with capacity utilization increasing from 44.3% in 2016 to 55% in 2017 while the index of Nigerian Purchasing Managers (PMI) The Bank of Nigeria (CBN) rose for the tenth consecutive month in January 2018, with 57.3 points. Here are other facts and figures from the report: The Nigerian Development Bank (DBN), designed by the Federal Government of Nigeria (FGN) in collaboration with global development partners such as a wholesale bank to support MSMEs in Nigeria, and authorized by the Central Bank in 2017, has has so far disbursed 5 billion Naira to three national microfinance banks - Fortis Microfinance Bank Plc, LAPO Microfinance Bank Ltd and NPF Microfinance Bank - to retrocede to more than 20,000 MSMEs in Nigeria. Debt Management Office (DMO): N 196.3 million was raised in the first Federal Government Bond Bond auction issued during the second week of January 2018. The subscription was opened on Friday, February 9 . , 2018. Details here Social Investment Program (SIP): Over 246 million meals have been served to elementary school students in 20 states since the launch of the National School Feeding Program (NHGSFP) in December 2016. total figure is expected to reach 313 million meals by the last week of February 2018. In addition, the school feeding program is currently feeding 6,044,625 students in 33,981 public primary schools in 20 states. Conditional Transfer of Funds (CCT) has so far registered more than 280,000 beneficiaries in 21 states, while about 300,000 government-sponsored Economic Empowerment Program (GEEP) interest-free microcredit loans have been disbursed at national scale. Finally, the N-power program, which aims to provide jobs for young unemployed graduates, has recruited 200,000 young people and will increase this number in 2018.
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