Fashion - Intelpoint

Ten states and the FCT collectively reduced their external debt by $227.19 million in H1 2025.
Lagos, Edo, and Rivers accounted for most of the reductions, making up more than three-quarters of the total.
Several smaller states also trimmed their balances, but by relatively modest amounts.
These reductions significantly offset the increases recorded by 26 other states, helping keep nationwide net external debt growth low.

26 states increased their external debt by a combined $239 million in H1 2025.
Imo, Oyo, Kaduna, Enugu, and Ogun recorded the biggest increases.
11 states, including the FCT, reduced their debt through higher repayments.
Lagos, Edo, Rivers, and Bauchi accounted for most of the $227 million in reductions.
Total state external debt rose only slightly, from $4.8 billion to $4.812 billion.

The Debt Management Office (DMO) Nigeria took the lion’s share, with ₦14.3 trillion (92.23%) of the Ministry of Finance's total allocation.
The Nigerian Bulk Electricity Trading Plc. received ₦858.7 billion (5.53%), making it the second-highest allocation.
The Federal Ministry of Finance (Headquarters) got ₦289.4 billion (1.86%).
The Office of the Accountant General of the Federation was allocated ₦50.7 billion (0.33%).
The figures reveal how debt servicing priorities overshadow operational and policy-related financial allocations.

Indonesia dominated with 46.8M tonnes in 2022, up from 145.7 ktonnes in 1961
Malaysia was the second-largest producer in 2022 with 18.5M tonnes
Global production has increased from under 2M tonnes (1961) to over 75M tonnes (2022)
Thailand, Colombia, and Guatemala have emerged as major producers in recent decades
Nigeria was historically significant, but has been overtaken by Asian producers

Asia leads globally with 26% of its forests in legally protected areas.
The global average stands at 20%, meaning that one-fifth of all forests are under some form of legal protection.
Africa and Europe are tied at 23%, both above the global average.
South America has only 17% of its forests protected, despite being home to the Amazon rainforest.

Global forest cover is 4.1 Bha, according to the latest FAO assessment.
At 832.6 Mha, 20.1% of the global total, Russia has the world’s largest forest area.
Brazil (486.1 Mha; 11.7%) and Canada (368.8 Mha; 8.9%) rank second and third, respectively.
The United States (7.5%) and China (5.5%) complete the global top five.
Africa’s top contributor is the Democratic Republic of Congo, with 139.2 Mha, 3.4% of the global total.
Other African countries in the top 20 include Angola, Zambia, Tanzania, and the Central African Republic, each accounting for approximately 1% of the global forest area.
Together, the top ten countries account for over 78% of the world’s total forest area, highlighting the global concentration of forest resources.

Egypt led with an estimated $145.5 billion, accounting for about 25% of Africa's total industrial output among its top 15 economies.
Nigeria followed with $89 billion, while South Africa, Algeria, and Morocco made up the rest of the top five.
The top five economies accounted for more than 70% of Africa’s total industrial value added.
Notable mid-tier performers, Ethiopia and DR Congo, reflected rapid industrial investment.
Using constant 2015 USD reveals real production strength, not nominal currency shifts.

The Ministry of Art, Culture, Tourism and the Creative Economy allocated a total of ₦10.5 billion to its MDAs for the 2025 fiscal year.
The National Institute for Hospitality and Tourism (NIHOTOUR) received ₦8 billion, the largest allocation.
NIHOTOUR's allocation accounts for 75.5% of the ministry’s total budget for 2025.
The Nigerian Tourism Development Corporation received ₦2.6 billion, representing 24.5% of the total allocation.
NIHOTOUR’s budget is more than three times the allocation given to NTDC.

The Nigeria Immigration Service received the highest share — ₦618.7 billion (55.8%) — of the Interior Ministry’s 2025 budget.
This allocation emphasises border security and migration management as national priorities.
The NSCDC follows with ₦240.9 billion (21.7%), highlighting the government’s focus on civil protection and internal security.
The Nigeria Correctional Service received ₦184.6 billion (16.7%).
Other agencies, including the ministry headquarters, received ₦64.5 billion (5.8%).

The Federal Ministry of Arts, Culture, and Creative Economy received a total of ₦71.7 billion in the 2025 budget.
The National Commission for Museums and Monuments got the highest allocation of ₦15 billion.
Visual and film industries received notable funding of ₦10.1 billion for the National Gallery of Art and ₦8.4 billion for the Nigerian Film Corporation.
The National Council of Arts and Culture was allocated ₦7 billion.
The National Film and Video Censors Board received ₦4.4 billion, emphasising regulation and content oversight.
Institutions like the Centre for Black and African Arts and Civilisation, which promotes African identity, received ₦3.5 billion.

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