Governance - Page 2 - Intelpoint

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.

Nigeria’s FDI share plunged from 35% in 1990 to 1.1% in 2024.
Africa’s FDI surged over the same period, leaving Nigeria behind.
Q1 2025 inflow was only $126.3 million, showing persistent weakness.
Decline mirrors structural hurdles — unstable policies, forex issues, and weak infrastructure.

West Africa dominates Africa’s top 15, holding six positions on the remittance importance index.
Zimbabwe (78) ranks as Africa’s top country in terms of remittances' importance.
Senegal (77) and Nigeria (72) highlight the central role of diaspora inflows in West Africa’s economies.
Morocco (74) leads North Africa in remittance importance.
Smaller nations like Lesotho (68) and Liberia (68) depend heavily on remittances relative to their GDP.
The lowest-ranked countries, including Angola (9) and Djibouti (11), rely minimally on remittance inflows.

2024 was the strongest year on record, with 495.6k tons of cargo transported, more than 60% higher than 2023 and ₦1.95 billion in freight revenue.
Cargo volume and revenue both crashed in 2020 due to COVID-19 disruptions, falling to 87.4k tons and ₦281.4 million respectively.
Recovery began in 2021–2022, as improved freight operations and industrial demand pushed steady gains in both tonnage and income.
Q1 2025 shows 181.5k tons and ₦650m (approx.) in revenue, signaling strong momentum that could surpass 2024 totals if maintained.

2020 marked the lowest point for both passenger volume (1.02 million) and revenue (₦1.7 billion), reflecting the full impact of COVID-19 lockdowns.
Strong recovery followed in 2021, with passenger numbers jumping to 2.71 million and revenue surging by 226% to ₦5.6 billion.
2024 was the best-performing year, recording ₦6.7 billion in revenue and 3.14 million passengers, a clear sign of renewed public confidence in rail transport.
Q1 2025 (₦1.9 billion revenue, 929,000 passengers) suggests steady ridership levels but moderate momentum compared to the 2024 surge.

Nigeria’s domestic debt jumped from ₦3.8 trillion in 2010 to ₦80.55 trillion by mid-2025.
Foreign debts increased from $4.27 billion in 2010 to $46.98 billion in 2025, reflecting growing reliance on external financing.
Debt accumulation surged notably after 2020, coinciding with pandemic spending, naira depreciation, and higher fiscal deficits.
The widening gap between revenue and debt service raises questions about Nigeria’s long-term debt sustainability.

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