Trade - Page 5 - Intelpoint

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.
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.

26 companies on NGX are valued above ₦1 trillion.
MTN Nigeria leads at ₦16.38 trillion, making it the most valuable listed company.
The top three firms (MTN Nigeria, BUA Foods, and Dangote Cement) are far ahead of the rest, each exceeding ₦13 trillion.
9 of the 26 companies are in the financial services sector.
Telecoms and manufacturing dominate the upper tier, highlighting infrastructure and essential services as market anchors.
Energy companies are firmly positioned, reflecting their central role in the economy.
Market concentration is high, as a few giants carry disproportionate weight relative to the 122 sub-₦1 trillion firms.
Sector diversity exists within the top 26, but most belong to industries tied to basic economic activity rather than emerging tech or high-growth startups.

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.

Nigeria is the fastest to reach $100B — 34 years, achieving the milestone in 1994.
Ethiopia took the longest — 81 years, reaching the mark in 2022 after decades of gradual expansion.
Resource-driven economies reached the threshold faster, including Angola (36 years) and Algeria (43 years).
North African economies crossed earlier, with Egypt (1989) and Morocco (2008) benefiting from diversified economic bases.
South Africa reached $100B as early as 1988, reflecting its long-standing industrial and financial depth.
Ghana is among the slowest climbers (68 years), but its recent 2025 milestone shows the impact of sustained reforms and growth.
Speed varies widely (34 to 81 years), showing that growth paths across Africa are shaped by very different economic realities.

Export value more than doubled from $9.72 billion in 2016 to $24.91 billion in 2025.
Trade rose steadily between 2016 and 2019, then surged sharply in 2021.
Exports declined for three consecutive years (2022–2024) after the 2021 peak.
2025 marks the highest export value in the ten-year period.

Rivers, Lagos, and Ogun lead the ranking, covering most operating costs from their own revenue.
Jigawa, Bayelsa, and Yobe are the most dependent on federal allocations, with internal revenue covering only a fraction of expenses.
Higher-ranked states demonstrate stronger economic resilience and better domestic revenue mobilisation.
Lower-ranked states need to grow internal revenue or reduce operating expenses to improve financial self-sufficiency.

Nigeria leads by a clear margin, receiving the highest export value at $24.91bn.
Large, diversified economies dominate the top tier, with South Africa and Egypt ranking among the biggest destinations.
Resource-linked trade remains significant, with countries like Liberia and Algeria absorbing substantial export value.
Trade reach is geographically diverse, spanning West, East, and North Africa, including Ghana, Tanzania, Kenya, Morocco, and Guinea.

Exports more than doubled in a decade, with trade rising from $92.27 billion in 2016 to $225 billion in 2025, a 144% increase.
The largest single jump occurred between 2020 and 2021, when exports surged by more than $34 billion.
From 2021 to 2024, exports climbed every year, reaching $178.91 billion before the latest surge.
The increase from $178.91 billion in 2024 to $225 billion in 2025 signals a new growth surge after several years of gradual increases.

The Army has been allocated ₦1.50tn, more than half of the top-ten defence allocations, making it the backbone of Nigeria’s security spending.
The Navy (₦443.9bn) and Air Force (₦407.2bn) come next, but together they are far behind the Army.
Institutions like the Defence Intelligence Agency, Training and Doctrine Command, and Defence Missions receive meaningful but much smaller funding, reinforcing their support-role status.
The Defence Space Administration (₦37.3bn) is on the table, but its small size shows Nigeria is only cautiously stepping into cyber- and space-based security.

The Federal Ministry of Finance dominates with ₦16.78 trillion, accounting for nearly ₦1 in every ₦3 spent among the top ministries.
Combined, the ministries of Finance and Budget & Economic Planning control more than 50% of the listed allocations, underscoring the government’s focus on fiscal strategy and economic agenda.
The Works and Defence sectors rank third and fourth, reflecting continuous prioritisation of infrastructure development and national security.
Education and Health, while critical, receive smaller shares, signalling potential pressure points in human capital development funding

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