Nigeria - Intelpoint

University students filed 497,000 loan applications, accounting for a staggering 90.1% of all institutional submissions.
College of education students submitted just 34,000 applications, making up only 6.2% of the total pool.
Polytechnics trailed with 21,000 applications, contributing 3.7% to the national tally.
Out of every 10 students applying for a loan, 9 are university students, underscoring their dominance in demand.

University of Maiduguri leads with 31,770 applications, indicating a significant demand for student loans in the North East.
North West institutions dominate the list, with five universities (Bayero University Kano, Federal University Dutsinma Katsina, Ahmadu Bello University, Usman Danfodiyo University, Sokoto, and Umaru Musa Yar'adua University) collectively accounting for a substantial portion of applications.
North Central is represented by University of Jos and University of Ilorin, highlighting the region's active participation in the student loan programme.
Federal University, Kashere's presence underscores the North East's engagement, with two institutions in the top 10.
All listed universities received over 11,000 applications, reflecting widespread awareness and utilization of the student loan initiative across these regions.

Male applicants dominate the Nigerian student loan landscape with 374,946 accounts, representing 68% of total applications.
Female applicants trail behind at 177,063, contributing just 32% to the total loan accounts.
For every 10 students who applied, approximately 7 are male and 3 are female.
The gender gap in student loan uptake is 197,883, with males nearly double the number of female applicants.

With 167,639 applications, the North West zone accounts for the highest number of student loan submissions, representing a significant concentration of demand in that region.
The North East follows with 134,359 applications, bringing the northern region's combined total to over 300,000, more than half of all zonal submissions.
The South West stands as the highest-contributing southern zone with 104,079 applications, showing a strong but comparatively lower demand than the North.
The South East recorded just 29,097 applications, the lowest across all six geopolitical zones.

Nigeria’s currency has undergone 10 key shifts; from note introductions to redesigns and a digital launch.
Between 1999 and 2005, four new notes; ₦100 to ₦1,000, were introduced in response to inflation.
The ₦200, ₦500 & ₦1,000 notes, which dominate in circulation by value, were revamped with high-security features.
In 2021, Nigeria launched the eNaira, making it the first African country with a Central Bank Digital Currency.

Rashidi Yekini remains Nigeria’s all-time top scorer with 40 goals in 58 appearances — a record that has stood for over two decades.
Victor Osimhen now ranks 2nd, overtaking Segun Odegbami by scoring 26 goals in just 40 matches.
Segun Odegbami, now 3rd, recorded 23 goals in 46 appearances during his time with the national team.
Among the top scorers, Osimhen has the best goals-per-game ratio, scoring 0.65 goals per game, compared to Yekini’s 0.69 and Odegbami’s 0.50.

Lagos State contributed ₦305B in VAT, making up over 53% of the national total and more than three times that of any other state.
Rivers (₦90B) and Oyo (₦27B) followed Lagos as the second and third highest contributors, highlighting a steep drop after the top state.
Only a few states, including Bayelsa, Kano, Kwara, and Edo, remitted above ₦5B, showing a highly uneven distribution of VAT contributions.
Over 8 states, such as Kebbi, Osun, Imo, and Zamfara, contributed less than ₦2B each, indicating minimal VAT activity in many parts of the country.

Kano State has the highest number of LGAs in Nigeria, with 44, far exceeding the national average of 21 LGAs per state.
Bayelsa, Nasarawa, and the FCT have the fewest LGAs, recording 8, 13, and 6 respectively, despite varying population sizes and landmass.
Northern states dominate the upper tier of the LGA count, with Katsina (34), Oyo (33), and Jigawa (27) all ranking among the top.
Southern states tend to have fewer LGAs, with Lagos and Ogun, two highly urbanised states, having just 20 LGAs each, hinting at a denser governance structure per area.

Lagos had the highest female representation in Nigeria’s 2023 elections, with 114 female candidates, more than any other state.
Yobe recorded the lowest, with just 7 female candidates, highlighting a wide disparity in representation across regions.
The South East and South South zones recorded some of the strongest numbers overall, with Imo (86) and Rivers (85) nearly matching Lagos.
The South West led overall in female candidate numbers, while the North East trailed, with its highest (Gombe – 42) still lower than other zones’ peaks.

Lagos carried the South-West VAT burden, remitting ₦305.52B (89.6% of the region's total) but receiving only ₦62.59B (20.5% return), making it the highest net contributor in Nigeria.
Osun had the most disproportionate gain, remitting a mere ₦590M but receiving ₦7.73B, an astronomical 1,211% return—the highest redistribution gain in the South-West.
The entire South-West remitted ₦341.18B but received only ₦106.85B, meaning it got back just ₦0.31 for every ₦1 contributed, highlighting a severe VAT allocation imbalance.
Ondo and Ogun remitted only ₦3.3B but received ₦16B combined, far exceeding their generated VAT, while Lagos alone subsidised most of the allocations across the country.

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