From 1961 to 2022, Nigeria contributed about 7.3% to the global groundnut production, making it a key player in the sector. Alongside China and India, which also dominated production, these three countries accounted for 61% of the world’s groundnut supply.
India has been the World Bank's largest debtor for over 50 years, with a debt of $38.3 billion as of 2022.
Five Asian nations — India, Indonesia, Bangladesh, Pakistan, and China — owe a combined $111.2 billion, or 27% of the World Bank’s total debt.
Nigeria, Africa's largest World Bank debtor, ranks 10th, with nearly #14 billion in debt.
Nigeria was once a global leader in palm oil production, but it has been overtaken by Malaysia, Indonesia, Thailand, and Colombia.
Indonesia, in particular, has seen a 34,018% increase in production since 1961, reaching 49.7 million tonnes by 2021.
Asian countries dominated the global palm oil market in 2021.
Indonesia and Malaysia accounted for 67.8 million tonnes out of 80.7 million tonnes produced.
Smaller producers like Nigeria (1.4 million tonnes) and Guatemala (0.8 million tonnes) had modest contributions.
In 2023, an estimated 132.1 million newborns were welcomed worldwide, averaging 361.9 thousand births per day.
India, China, and Nigeria accounted for nearly 30% of daily births; India had the highest contribution with 63,600.
Nigeria's total exports reached ₦38.6 trillion in H1 2024 — ₦19.2 trillion in Q1 and ₦19.4 trillion in Q2.
Spain led export destinations in Q2 with ₦2.01 trillion, followed by the US (₦1.86 trillion) and France (₦1.82 trillion).
As of 2023, the global labour force has expanded to an estimated 3.63 billion, driven by population booms in key regions.
China and India lead with a combined 1.37 billion people 15+ active in the workforce.
Nigeria ranks 7th with 76 million, following the US, Indonesia, Brazil, and Pakistan.
