56.1% of users mostly send crypto, compared to 43.9% who mostly receive it, showing an active transaction culture.
Investing in other platforms or projects leads as the top reason for sending crypto (29.2%), indicating strong speculative and wealth-building motives.
Every 1 in 4 users (25.1%) use crypto for daily transactions like bills and subscriptions, showing rising integration into everyday finance.
Cross-border payments (7.7%) and donations (4.6%) remain small but notable niches, signaling growing utility beyond trading.
2020 marked the lowest point for both passenger volume (1.02 million) and revenue (₦1.7 billion), reflecting the full impact of COVID-19 lockdowns.
Strong recovery followed in 2021, with passenger numbers jumping to 2.71 million and revenue surging by 226% to ₦5.6 billion.
2024 was the best-performing year, recording ₦6.7 billion in revenue and 3.14 million passengers, a clear sign of renewed public confidence in rail transport.
Q1 2025 (₦1.9 billion revenue, 929,000 passengers) suggests steady ridership levels but moderate momentum compared to the 2024 surge.
Nigeria paid $816.3 million to the International Monetary Fund, accounting for over 35% of total external debt service payments.
Eurobond payments followed closely, with $687.8 million paid, reflecting Nigeria’s heavy reliance on commercial debt instruments.
Multilateral lenders like IDA and AfDB collectively received about $463 million, signalling continued exposure to concessional financing.
China’s share shrinking: Payments to Chinese lenders (EXIM + CDB) totalled $235.6 million, less than 11% of total outflows, suggesting reduced Chinese debt servicing in H1 2025.
China (773M) and India (607M) together make up for about 40% of the world’s total labour force.
Nigeria ranks 5th globally with 113 million workers, the largest in Africa and only African country in the top 10.
Asia dominates, accounting for over 47% of global workers, highlighting the region’s population and production strength.
The U.S.A. (174M) ranks third, representing just about 5% of global labour but producing almost a quarter of global GDP, proving productivity, not size, drives wealth.
Nearly two-thirds (67%) of all crypto transactions in Nigeria are below ₦50,000, reflecting widespread use among everyday retail users.
The ₦15,000–₦25,000 band (28.2%) is the single largest group, showing consistent, small-scale engagement rather than high-value speculation.
Around 25% of users transact between ₦50,000 and ₦250,000, suggesting a growing middle class of more confident, mid-level investors.
Less than 3% of users transact above ₦1 million, confirming that Nigeria’s crypto market remains primarily retail-driven, not institutional or high-net-worth.
