Since 2015, Seychelles has topped Africa's GDP per capita rankings because of its strength in tourism and fishing.
Libya, Equatorial Guinea, and South Africa have also occupied the top spot since 1960.
Watch how the countries vied for the top ten spots over the years.
Lagos led Nigerian states with ₦815.9 billion in Internally Generated Revenue for 2023, followed by the FCT with ₦211.1 billion.
Despite only a 25% growth, Lagos’ IGR confirms its economic dominance. The FCT, meanwhile, recorded an impressive 70% increase.
Ebonyi, though with lower revenue, achieved an astonishing 148% growth.
Taraba generated the least revenue, increasing by 6%.
There were 249 million malaria cases globally in 2022, with Africa accounting for 233 million.
Nigeria and DR Congo were the highest contributors.
Egypt and Cape Verde have been certified malaria-free, joining only seven countries in Africa.
Nigeria has made strides in metering electricity customers, but progress is slow, with nearly 7.1 million unmetered customers as of June 2024.
Despite customer numbers doubling from 6.5m to 13m (June 2015-2024) and a 95.4% rise in metered customers, the percentage of unmetered customers increased to 54.4%.
Metering must outpace customer growth to end estimated billing.
Nigeria: The best WAEC results in the last nine years were recorded between 2021 and 2023, with many students getting at least five credits, including in mathematics and English.
However, 2024 saw a decline, with 72.1% following 79.8% in 2023.
The Nigerian Workplace Report indicates that over 50% of Nigeria’s working population earns less than ₦200,001 monthly. It further highlights that individuals earning above ₦600k are among the top 10% earners.
Argentina's inflation rate dropped to 209% in September 2024 from 237% in August, slightly easing costs. Despite this, the South American country still has the highest inflation rate of the 184 countries and territories ranked.
Nigeria's inflation rate stands at 32.7%, ranking 9th globally and 4th in Africa after South Sudan, Zimbabwe, and Malawi.
Private institutions represent the largest share of Nigeria’s higher education sector, accounting for half of the universities and polytechnics in the country.
Between 2000 and 2023, Africa received $182 billion in Chinese loans, primarily for energy and transportation development.
Angola, with 25%, was the largest recipient; Ethiopia, Egypt, Nigeria, and Kenya followed.
While 49 countries benefited, experts warn of increasing debt risks.
Over the years, Nigeria has seen significant increases in electricity revenue.
Revenue surged from ₦129 billion in 2015 to ₦683 billion in H1 2024, while the number of customers has doubled from 6.5 million to 13 million.
This 428% increase in revenue highlights rising consumption and tariff hikes.
