Fashion - Intelpoint

Nigeria’s total IGR in 2024 was ₦3.7 trillion.
Lagos State generated ₦1.3 trillion, accounting for over 35% of the national IGR.
Rivers State (₦317.3 billion) and the FCT, Abuja (₦282.4 billion) ranked second and third, respectively.
The South West led regionally with ₦1.7 trillion in total IGR.
The North East recorded the lowest regional IGR at ₦129.8 billion.
Economic disparity between regions remains wide, with Lagos alone outpacing entire regions.

₦310.6 billion is the total allocation for Nigeria’s 110 foreign missions in 2025.
The New York (Permanent Mission) received the highest allocation at ₦9 billion.
Three US missions (New York PM, Washington, and New York CG) together account for ₦21.9 billion.
London (₦7.2 billion) and Geneva (₦6.6 billion) complete the top five highest allocations.
European cities such as Paris, Madrid, Berlin, and Berne remain strong diplomatic priorities, collectively drawing over ₦20 billion.

The South East is the only region where the revenue of MDAs (60.9%) exceeded tax revenue (39.1%).
Other regions relied more heavily on tax revenue, with the South South leading at 85.25%.
The North East and North Central followed closely, with tax contributions of 79.9% and 79.15%, respectively.
The South West generated 75.04% of its IGR from taxes, indicating a strong formal revenue structure.
The North West maintained a more balanced mix, with 58.54% tax and 41.46% MDAs’ revenue.

The Federal Ministry of Information and National Orientation received a total of ₦108.3 billion in the 2025 budget.
The National Orientation Agency (₦24.4 billion), FRCN (₦21.5 billion), and NTA (₦21.3 billion) account for over 60% of the total allocation.
The National Institute for Cultural Orientation was allocated ₦11.8 billion.
Regulatory bodies like ARCON (₦3.8 billion), the Nigerian Press Council (₦3.2 billion), and NBC (₦2.4 billion) received the smallest allocations, suggesting limited funding for oversight functions.
A separate ₦8.9 billion was allocated to the Ministry’s headquarters for administrative operations.

The Gambia leads Africa in remittance-GDP ratio, with remittance accounting for 21.1% of its GDP in 2024.
Lesotho (20.9%) and Comoros (18.3%) closely follow as highly remittance-dependent economies.
Somalia (17.5%) and Liberia (14.3%) also rely heavily on diaspora inflows to support their economies.
Nigeria (11.3%) remains a major player, highlighting its strong global diaspora network.
Cabo Verde (12.1%) and Senegal (11.6%) demonstrate that remittances are key drivers of income in smaller economies.
In larger economies like Egypt (7.6%) and Morocco (8.1%), remittances also make up a significant share of GDP.

Europe ($12.58 trillion), Asia ($11.88 trillion), and the Americas ($11.49 trillion) are nearly tied after 35 years, each capturing roughly a third of global FDI
Asia grew from just $25 billion annually in 1990 to consistently attracting $600-700 billion per year, showing the most stable growth pattern
Major crises (2001, 2008-09, 2020, and 2022) caused dramatic swings, with Europe even recording negative flows in 2022
Africa and Oceania combined received just 6% of total FDI, remaining far behind despite Africa's recent acceleration to $97 billion in 2024

Africa attracted $97 billion in total FDI inflows in 2024.
North Africa dominated with $51 billion (52%), remaining the continent’s top foreign investment hub.
West Africa ranked second with $15 billion (15.3%).
East Africa secured $13 billion (13.3%).
Central Africa remained the least favoured, with only $8 billion (8.2%) in FDI inflows.

The naira buys the most in countries like Guinea, Uganda, Burundi, and Malawi, where local currencies have lost value faster.
High inflation and unstable monetary systems have eroded the strength of several African currencies.
Most of the weakest currencies are in East and West Africa.
The naira’s higher value in these countries does not mean it has fully recovered.

Anambra has the highest intercity transport fare at ₦9,862, exceeding the national average by ₦1,857.
Kwara recorded the lowest fare at ₦5,991, a difference of nearly ₦3,900 from Anambra.
The national average fare for intercity bus travel stood at ₦8,005 as of July 2025.
Imo (₦9,710) and Oyo (₦9,708) followed closely behind Anambra, rounding out the top three highest-fare states.
The South West (₦8,570) and South East (₦8,547) were the most expensive regions for intercity bus travel.

Lagos State tops the list with the highest intra-city bus fare at ₦1,384, exceeding the national average by ₦355.
Abia State recorded the lowest average fare at ₦508, showing a stark difference of ₦876 between the highest and lowest states.
The national average fare for a bus trip within Nigerian cities stood at ₦1,028.40 as of July 2025.
Nasarawa (₦1,306) and Enugu (₦1,280) followed closely behind Lagos State, rounding out the top three highest fares.
The South West had the highest regional average fare (₦1,116), while the South South (₦985) and North West (₦995) had the lowest.
States like Taraba (₦1,250) and Zamfara (₦1,248) also featured in the top six, showing that high fares are not limited to Southern urban centres.

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