Fashion - Intelpoint

South Africa held the largest Chinese FDI stock in Africa at $6.25 billion in 2024.
South Africa, DR Congo and Nigeria held 30% of Africa’s Chinese FDI stock.
The top 10 countries accounted for 64% of the continent’s total Chinese FDI stock.
Niger led the remaining top 10 countries with $2.45 billion, followed by Mozambique at $2.28 billion.

China's FDI stock in Africa rose 94-fold, from $491 million in 2003 to $46.1 billion in 2018.
By 2024, the stock had recovered to $43.8 billion, still 5% below its 2018 peak.
Africa accounted for just 1.4% of China's $3.14 trillion global FDI stock in 2024.
Nigeria's Chinese FDI stock fell from a 2017 peak of $2.86 billion to $2.72 billion in 2024.
African countries recorded a net $2.31 billion decline in Chinese FDI stock between 2018 and 2024.
Niger recorded the largest increase, from $758 million in 2018 to $2.45 billion in 2024.
Zambia recorded the largest decline, from $3.52 billion in 2018 to $1.70 billion in 2024.

Six states generated about ₦656 billion through MDAs in 2025, nearly half of all MDA revenue.
The number of states where MDAs accounted for over half of IGR fell from seven in 2024 to six in 2025.
Enugu’s MDA share rose from 82.9% in 2024 to 87.3% in 2025, widening its lead.
Kwara, Katsina and Osun recorded MDA shares of 61.6%, 60.1% and 58.5%, respectively.

Lagos, Rivers and the FCT collected 63.5% of state-level PAYE in 2025.
Lagos collected ₦993.3 billion in PAYE, more than the next five jurisdictions combined.
The top 10 jurisdictions accounted for 81.5% of ₦2.636 trillion in total PAYE.
The bottom five jurisdictions collected ₦47.0 billion combined, less than 2% of the total.
Delta collected ₦139.7 billion, less than half of the FCT’s ₦320.1 billion.

Nigeria’s economy grew 4.16% in H1 2026, but growth was uneven across sectors.
Arts and entertainment grew fastest at 11.5%, followed by water and waste management (10.9%) and information and communication (10.3%).
Agriculture, which accounts for about a quarter of GDP, grew 3.8%, below the headline rate.
Trade and real estate also lagged, growing 2.2% and 3.0%, respectively.
Electricity and gas was the biggest drag, contracting 11.6%, while Other Services fell 1.4%.

Electricity, gas and related supply was Nigeria’s worst-performing broad economic activity in H1 2026.
Sector GDP fell 11.6% year-on-year, from ₦800.2bn to ₦707.1bn.
Output fell below H1 2024 levels, when the sector recorded ₦708.5bn.
Only one other broad activity contracted: Other Services, which fell 1.4%.
The sector contributed just 0.7% of Nigeria’s real GDP on average over the period shown.

Nigeria's rice production hit 9.13 million tonnes in 2024, its highest level since 2021.
Egypt and Madagascar produced 6.43 and 4.97 million tonnes, respectively, in 2024.
Egypt and Madagascar combined produced 11.4 million tonnes, exceeding Nigeria's output.
Africa's rice production reached a record 44.8 million tonnes in 2024, up 421% since 1980.

Food inflation more than doubled, from 8.89% in January to 20.31% in July.
Food inflation overtook headline inflation, moving from 6.21 points below to 4.88 points above it.
Headline inflation barely changed, from 15.10% to 15.43%.
Food price pressures accelerated, with monthly inflation rising to 5.56% in July.

Nigeria’s external debt stood at $51.90 billion as of March 2026.
External debt increased by just 0.09% from December 2025.
Multilateral creditors held the largest share at 46.0%.
Commercial creditors accounted for 41.3% of external debt.
Bilateral creditors accounted for 12.7% of external debt.
The World Bank Group accounted for 38.2% of total external debt.
Eurobond holders accounted for 35.7% of total external debt.
The World Bank Group and Eurobond holders together accounted for 73.9% of Nigeria’s external debt.
Bilateral debt fell by $130 million from December 2025 to March 2026.
Commercial external debt increased by about $1.1 billion over the same period.

Nigeria received $22.8 billion in personal remittances in 2025; a 3% year-on-year increase
Inflows remained 6.3% below the 2018 record of $24.3 billion.
Remittances have recovered from the $17.2 billion recorded in 2020.
Nigeria’s 2025 remittance inflows were 32.6% higher than in 2020.
Remittances accounted for 7.8% of GDP in 2025.
Remittances’ share of GDP fell from 8.8% in 2024.
Remittances’ share of GDP remained above the 4.0% recorded in 2023.

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