Bite-sized Insights about
 
Providing you with data-based insights about things happening around you.
Popular Insights
  • Every Nigerian president since 1999 left office with a higher dollar to naira exchange rate than when they took office. Will President Tinubu's tenure be the exception?

    See more
    Over the past ten years, there has been a rising trend of fraud and forgery cases in Nigerian banks. Although there was an 88% increase in reported cases in 2021, there was a 27% decrease in 2022, resulting in a 221% increase in financial losses of ₦9.5 billion.
    See more
  • Nigeria was the seventh most populous nation in the world in 2020, with 206.1 million people. Projected to reach a population of 401.3 million by 2050, Nigeria will rank third after India (1st) and China (2nd). According to Institut national d'études démographiques' projections, Nigeria, Ethiopia, DR Congo, Egypt, Tanzania, and Kenya will be among the world’s top 20 most populous countries by 2050.

    See more
    In the past 10 years, Nigeria has received $131 billion in capital imports

    Nigeria's capital importation has been on a decline after it hit a $24 billion peak in 2019. In the past 10 years, it received $131 billion, with the lowest recorded in 2016. Here are the country's capital imports since 2013.

    See more
  • According to information provided by the West African Examinations Council, out of the 1.6 million candidates who took the WASSCE in 2023, 79.8% got at least five credits, including English language and mathematics, representing the highest percentage in the previous five years.
    See more

    The FAAC's revenue distribution from 2017 to August 2023 highlights the dominance of Delta, Akwa Ibom, Rivers, and Bayelsa states in allocations. Despite Lagos' economic prominence, it ranked fifth. Here is the distribution of revenue among states between 2017 and August 2023.

    See more

  • Every Nigerian president since 1999 left office with a higher dollar to naira exchange rate than when they took office. Will President Tinubu's tenure be the exception?

    See more
  • Over the past ten years, there has been a rising trend of fraud and forgery cases in Nigerian banks. Although there was an 88% increase in reported cases in 2021, there was a 27% decrease in 2022, resulting in a 221% increase in financial losses of ₦9.5 billion.
    See more
  • Nigeria was the seventh most populous nation in the world in 2020, with 206.1 million people. Projected to reach a population of 401.3 million by 2050, Nigeria will rank third after India (1st) and China (2nd). According to Institut national d'études démographiques' projections, Nigeria, Ethiopia, DR Congo, Egypt, Tanzania, and Kenya will be among the world’s top 20 most populous countries by 2050.

    See more

Other Insights

Nigeria produced approximately 182 kWh of electricity per person in 2023, just enough to run only a 100-watt light bulb for five hours daily.

Nigeria's per capita electricity production has fluctuated in the past two decades. In this time, production has remained within the range of 120 kWh to 194 kWh.

Here is a visual representation of the country's per capita electricity production since 2000.

See more

On average, the agricultural sector contributed 24.87% to Nigeria's GDP over the past decade. However, the sector's contribution has been declining since 2020, dropping from 26.21% to 25.18% in 2023.
The sector’s contribution grew between 2014 and 2020, rising from 22.9% to 26.21%. The sector has been plagued with challenges over the past decade, with a couple of them becoming more intense in the past few years

See more

South Africa and Egypt generated 239 terawatt-hours (TWh) and 201 TWh of electricity, respectively, in 2022, accounting for a combined 50% of Africa's 881 TWh. These countries, along with Algeria, Morocco, and Nigeria, accounted for 68% of the continent's total.

Despite being one of Africa's largest economies and having the continent's largest population, Nigeria's electricity generation has historically been lower than its potential.

See more

About 28,844 TWh of electricity was generated globally in 2022. Driven by industrial growth and large populations in countries like China and India, Asian countries collectively accounted for 56%. North America and Europe followed, with 5,432 TWh and 4,731 TWh, respectively.

Africa generated less than 900 TWh, with key contributions from South Africa and Egypt. Oceania, primarily led by Australia, produced 330 TWh.

See more

In 2022, Egypt, South Africa, Nigeria, Algeria, and Morocco collectively consumed an average of 2.712 million barrels of oil per day (Mb/d), 61% of the continent's daily oil consumption (4.478 Mb/d). African countries consumed 4.7% of the global usage (99.8 Mb/d).

Egypt used the most (850.5 thousand barrels per day (Kb/d)), followed by South Africa (601.2 Kb/d) and Nigeria (514.5 Kb/d).

See more

The newly created Ministry of Livestock Development will push Nigeria's ministerial count to 50. President Tinubu's federal executive cabinet is the largest since Nigeria's return to democracy in 1999.
Within the first 12 years of the Fourth Republic, the largest cabinet had 30 ministers. President Jonathan was the first to have more than 30 ministers, with subsequent terms having more ministers.

See more

Internet subscribers in Nigeria increased by 4.3% from 157.6m in March 2023 to 164.4m as of March 2024, an addition of 6.817m new subscribers. Lagos State has the largest share of active internet subscribers in Nigeria, but Nasarawa gained the most new subscribers in one year.

assarawa (604k) got the most new subscribers between Q1 2023 and Q1 2024, followed by Niger (456k) and Kano (387k). Benue (368k) and Kwara (315k) also saw impressive subscriber growth. Bauchi, Taraba, Katsina, Adamawa, and Kogi completed the top ten.

See more

Nigeria's railway goods/cargo transport is experiencing a boost, with goods transported increasing from 9.1k tonnes in Q1 2021 to 160.7k tonnes in Q1 2024, representing 1,671% growth. Revenue has surged by 3,114% from ₦19m to ₦607m in the same period. Revenue has increased in eight consecutive quarters since Q2 2022.

See more
Nigeria's cocoa production has seen significant fluctuations between 1990 and 2022. While there have been periods of growth, such as the increase from 244k tonnes in 1990 to 485k tonnes in 2006, there have also been notable declines. Production hit a low of 203k tonnes in 1995 and faced other dips. Here is the quantity of cocoa produced in Nigeria since 1990.
See more

Cocoa beans are a vital commodity for many countries, driving their economies and supporting livelihoods. Over the years, cocoa production has seen significant fluctuations across different countries.

The world's cocoa-producing countries produced 104.2 million tonnes of cocoa beans between 2000 and 2022, enough to fill about 2.084 billion 50kg bags. Côte d'Ivoire maintains its dominance, accounting for 35.3% of global production in the 23 years under review, with Ghana (16.5%), Indonesia (15.4%), and Nigeria (7.7%) completing the top four.

These are the top ten countries in the period.

See more
Nigeria's economy attracted $114 billion in the past decade from foreign investors. They invested $48 billion in shares, making up 42% of total capital imports. The Banking and Finance sectors followed with $21.6 billion and $15.7 billion, respectively, accounting for a combined 33%. Manufacturing, Telecommunications, and Servicing sectors collectively attracted $19.2 billion. Businesses related to Trading, Agriculture, and Oil and Gas each received 2%. This distribution underscores investors' confidence in Nigeria's financial services sector over others.
See more

Since 2005, nationals from China, India, Saudi Arabia, Russia, Pakistan, and Nigeria have ranked among the top three recipients of UK study visas. China led the list from 2010 to 2020. In 19 years, over 1.46 million Chinese nationals (22.9% of the total) received study visas. India followed with 926.9k and Nigeria — which first entered the top three in 2020 — with 436.9k.

See more
1 2 3 24

Nigeria produced approximately 182 kWh of electricity per person in 2023, just enough to run only a 100-watt light bulb for five hours daily. Nigeria's per capita electricity production has fluctuated in the past two decades. In this time, production has remained within the range of 120 kWh to 194 kWh. Here is a visual representation of the country's per capita electricity production since 2000.

Read more
On average, the agricultural sector contributed 24.87% to Nigeria's GDP over the past decade. However, the sector's contribution has been declining since 2020, dropping from 26.21% to 25.18% in 2023. The sector’s contribution grew between 2014 and 2020, rising from 22.9% to 26.21%. The sector has been plagued with challenges over the past decade, with a couple of them becoming more intense in the past few years
Read more
South Africa and Egypt generated 239 terawatt-hours (TWh) and 201 TWh of electricity, respectively, in 2022, accounting for a combined 50% of Africa's 881 TWh. These countries, along with Algeria, Morocco, and Nigeria, accounted for 68% of the continent's total. Despite being one of Africa's largest economies and having the continent's largest population, Nigeria's electricity generation has historically been lower than its potential.
Read more
About 28,844 TWh of electricity was generated globally in 2022. Driven by industrial growth and large populations in countries like China and India, Asian countries collectively accounted for 56%. North America and Europe followed, with 5,432 TWh and 4,731 TWh, respectively. Africa generated less than 900 TWh, with key contributions from South Africa and Egypt. Oceania, primarily led by Australia, produced 330 TWh.
Read more
In 2022, Egypt, South Africa, Nigeria, Algeria, and Morocco collectively consumed an average of 2.712 million barrels of oil per day (Mb/d), 61% of the continent's daily oil consumption (4.478 Mb/d). African countries consumed 4.7% of the global usage (99.8 Mb/d). Egypt used the most (850.5 thousand barrels per day (Kb/d)), followed by South Africa (601.2 Kb/d) and Nigeria (514.5 Kb/d).
Read more
The newly created Ministry of Livestock Development will push Nigeria's ministerial count to 50. President Tinubu's federal executive cabinet is the largest since Nigeria's return to democracy in 1999. Within the first 12 years of the Fourth Republic, the largest cabinet had 30 ministers. President Jonathan was the first to have more than 30 ministers, with subsequent terms having more ministers.
Read more
1 2 3 48

Can’t find what you’re looking for? Please fill the form below
Contact Form Demo
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form

A product of Techpoint Africa. All rights reserved