Maritime - Intelpoint

Nominal spending surged, but inflation and naira depreciation eroded real gains. From ₦921 billion in 2012 to ₦6.57 trillion in 2025, the absolute figure may seem dramatic, but Nigeria's security challenges intensified over the same period.
Defence commanded over 21% of the budget in 2013. From 2024 to 2026, that figure has fallen below 14%, with 2026 hitting a historic low of 9.3%.
Boko Haram, banditry, and separatist tensions peaked in 2020, resulting in a cut that saw defence's share fall to just 9.2%, the lowest on record at that point.
The jump to ₦6.57trn (13.2%) in 2025 marks the sharpest year-on-year absolute increase in the dataset. But 2026 reversed this again, with the rate dropping to 9.3%.

The 2019 number revealed the truth — years of underdiagnosis were corrected in a single year when PEPFAR restructured testing entirely.
The 76% decline from 2019 to 2024 is one of the most significant HIV reductions in Africa in a single decade.
One year of disruption in 2020 erased an entire year of progress, creating a backlog that took until 2022 to clear.
With PEPFAR's $1.2 billion pipeline cut, fewer Nigerians are being tested, meaning fewer cases appear on paper while the virus spreads undetected.

Life Business was the single largest segment, and its 70.3% jump signals that more Nigerians are thinking seriously about financial protection for their families.
Miscellaneous, the smallest segment, posted the biggest growth at 86.7%, suggesting new and unconventional insurance products are gaining serious traction.
Aviation & Marine nearly doubled, with 79.9% growth in a sector tied to trade and logistics, reflecting Nigeria's expanding import/export activity and the rising cost of cargo and aircraft risk coverage.
Motor (52.5%), Fire (53.3%), and General Accident (49.6%) grew by roughly half, indicating broad-based sector expansion rather than isolated pockets of growth.

Export values have grown over 400%, rising from ₦11.8 trillion in 2013 to a peak of ₦55.3 trillion in 2024, a fivefold increase driven by rising oil prices and a weaker naira.
2015 and 2016 were the hardest years, with export values crashing as low as ₦6.8 trillion in 2015, reflecting the brutal impact of the global oil price collapse on Nigeria's most critical export.
The most explosive growth came from 2023 onwards, with values surging past ₦29 trillion in 2023 and peaking at ₦55.3 trillion in 2024, largely driven by the naira depreciation following Nigeria's 2023 foreign exchange reforms.
The first nine months of 2025 saw a slower pace than the previous year, with ₦37.7 trillion recorded between Q1 and Q3, lower than the ₦41.5 trillion recorded during the same period in 2024.

Local companies dominated CIT contributions in most years, accounting for over 50% of payments in 9 of 11 periods between 2015 and 2025 (Q1–Q3).
Foreign companies briefly closed the gap in 2023, contributing 49%, the closest they have come to matching local firms.p
Local companies recorded their strongest share in 2021 at 65%, marking the widest gap between local and foreign contributors.
“Other payments” peaked during the pandemic, rising to 17% in 2020 before dropping to 0% from 2022 onward.

Ogun has become Nigeria’s second-largest industrial centre, with major clusters in Ota, Sagamu, and Ifo.
Limestone mining triggered a boom in cement production and heavy industry.
Infrastructure-Enabled Expansion: strategic projects such as the Oyan Dam and the Agro-Cargo Airport supported industrial and demographic growth.
Rapid population growth, particularly from Lagos spillover, fuelled labour supply and urban development.

Nigeria has nine of the top ten highest-grossing cinemas in Anglophone West Africa.
Lagos hosts six of the top ten cinemas and leads the region in both revenue and admissions.
Silverbird Ikeja recorded the highest revenue (₦1.1 billion) and the highest admissions (217,000).
Cinema chains control all top ten positions, showing strong brand dominance across the region.

The South West hosts 82 of Nigeria’s 309 universities (27%), the largest share nationwide.
Ogun State alone accounts for 24 universities, nearly one in every three institutions in the South West.
The South West has 18 more universities than North Central (64), the second-highest zone.
The gap between the highest zone (82) and the lowest zone (21) is 61 universities, underscoring the regional imbalance.

The NFF’s allocation of ₦2.31 billion is under 1.1% of the total sports budget.
The National Sports Commission HQ gets the most, with ₦203.6 billion, over 96% of the total.
The National Institute for Sports is to receive ₦4.12 billion, highlighting minimal federal investment in sports development.
Budget heavily favours administration over football development and grassroots programs.

Lagos alone hosts 51 licensed cinemas, accounting for over half of all exhibition premises in the dataset.
The next three states—Ogun, FCT, and Rivers—combined have just 30 cinemas.
Only five states have five or more licensed cinemas, highlighting strong geographic concentration.
Several large states have two cinemas or fewer, pointing to limited formal exhibition infrastructure outside key urban hubs.

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