Fashion - Intelpoint

Healthy diet costs rose fastest in Nigeria’s North-West over two years

Healthy diet costs rose 49% nationally in two years.
North-West states recorded the fastest increases.
All seven North-West states rose above the national average.
Katsina and Kogi recorded the steepest increases, at 98%.
Akwa Ibom had the lowest increase, at 5%.

One adult’s monthly healthy diet takes two-thirds of minimum wage

One adult’s healthy diet takes 66% of Nigeria’s minimum wage.
The national average monthly cost is about ₦46,230 per adult.
Ekiti has the highest burden, at 90% of minimum wage.
Six states require over 80% of minimum wage for one adult’s healthy diet.
Adamawa has the lowest burden, at 43%.

GTCO turned ₦40 of every ₦100 earned into profit

GTCO had the strongest profit conversion in 2025.
GTCO turned about ₦40 of every ₦100 earned into profit.
Stanbic IBTC followed with about ₦34 profit per ₦100 earned.
Zenith made the highest profit, but not the strongest conversion.
First HoldCo had the weakest profit conversion among the banks reviewed.

Jaiz Bank spent the highest share of revenue on staff among NGX-listed banks

Jaiz Bank spent the highest share of revenue on staff in 2025. Jaiz spent nearly ₦18 on staff for every ₦100 of revenue. ETI and UBA followed with the next highest staff-cost-to-revenue ratios. GTCO had the lowest staff-cost burden among the listed banks. ETI spent the most in absolute staff costs, at ₦782.8 billion.

Migrating millionaires from South Africa and Nigeria were linked o over $3 billion in wealth

Nigeria lost 200 more millionaires than it gained between 2014 and 2024.
Migrating Nigerian millionaires were linked to an estimated $1.5 billion in wealth.
South Africa had Africa’s biggest net millionaire outflow among the selected countries.
Mauritius and Seychelles stood out as millionaire wealth magnets.
Seychelles attracted the highest migrant wealth per net millionaire gained.

Mauritius has the strongest productive capacity in Africa — ahead of Seychelles and South Africa

Mauritius leads Africa on the Productive Capacities Index with a score of 55.02, ranking 56th globally.
Seychelles, South Africa, and Cape Verde complete Africa’s top four, but none enters the global top 50.
Nigeria ranks much lower at 167th globally, with a score of 30.68, despite being one of Africa’s largest economies.
The ranking shows that economic size does not always translate into stronger productive foundations like human capital, ICT, energy, transport, and institutions.

Two-thirds of IDA’s commitments in one year went to Africa, led by Nigeria’s $3.1bn

Africa received 66% of IDA’s FY2025 commitments.
Africa’s total IDA allocation was $22.4 billion out of $33.8 billion.
Nigeria was the largest borrower from the DA globally, with $3.1 billion in loans.
Bangladesh ranked second with $3 billion.
Six of the top ten borrowers were African countries.
Nigeria accounted for 9.3% of total FY2025 IDA commitments.

Oyo has reduced external debt by 36% and domestic debt by 22% under Makinde

Oyo reduced external and domestic debt by the end of 2025.
External debt fell faster than domestic debt.
External debt declined more consistently over the period.
Oyo’s local debt peaked around 2022–2023 before falling back.
The state appears to have prioritised reducing FX exposure.

Africa has been the world's biggest World Bank borrower since 2017, owing $152 billion as of 2024

Africa has been the world's biggest World Bank borrower since 2017, and the gap is widening.
Three crises drove it: an infrastructure gap, the 2014 commodity crash, and COVID-19.
The World Bank leaned in deliberately — 66% of all IDA funds went to Africa in 2025 alone.
It's not really "Africa's debt" — it's Nigeria's, Kenya's, Ethiopia's, Egypt's, Tanzania's, and Morocco's.
Every other region is slowing down, but Africa's curve is still climbing.

Obasanjo led Nigeria's biggest GDP per capita rise at 268% in 8 years

Nigeria’s GDP per capita rose strongly from 1999 to 2014, then reversed.
The 2014 peak remains the defining turning point.
Obasanjo’s years show the fastest sustained climb from a very low base.
Yar’Adua’s short tenure still maintained upward momentum.
Jonathan’s period delivered the peak level, not the fastest growth rate.
Buhari’s tenure marks the longest clear decline in GDP per capita.
Tinubu’s period begins with another sharp fall.

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