Nigeria's internally generated revenue by states in 2022

Nigerian states and the FCT generated ₦1.92 trillion in internal revenue in 2022, ₦29.8 billion (1.57%) more than in 2021, with Lagos State accounting for 34% of the IGR in 2022. Here are the revenues collected by Nigeria's states in 2022.

Source:

National Bureau of Statistics

Period:

2022
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Côte d'Ivoire’s FDI sees dramatic turn in 2024, jumping to $3.8B, over two times 2022 levels and its highest since 1990
  • Côte d'Ivoire attracted $3.80 billion in FDI in 2024, its highest annual inflow ever recorded, more than double 2022’s $1.6 billion.
  • Between 1990 and 2016, its FDI remained mostly below $1 billion annually, only beginning to surge from 2017 onwards.
  • The country crossed the $1 billion mark for the first time in 2021, signalling increased investor confidence and macroeconomic improvements.
  • Over the last three years (2022–2024) alone, Côte d'Ivoire drew in $7.89 billion in FDI, accounting for over 40% of total inflow since 1990.
Ethiopia’s FDI inflows rose from $10M in the 1990s to $3.98B in 2024, with its sharpest growth phase recorded from 2014–2016
  • Ethiopia recorded a total of $46.43 billion in foreign direct investment between 1990 and 2024.
  • Its annual FDI inflows surged from just $10 million in 1990 to $3.98 billion in 2024, reflecting massive investor interest over time.
  • The country experienced three major FDI booms in 1997–2004, 2011–2014, and 2015–2016, driven by policy reforms and industrial expansion.
  • After a pandemic-era dip in 2020, Ethiopia rebounded strongly in 2021 with $4.26 billion in inflows, maintaining high investment momentum through 2024
Lebanon and Nigeria lead global millionaire decline, down 60% and 53% in 10 years amid capital flight
  • Lebanon and Nigeria top the global list, recording millionaire population declines of -60% and -53% respectively over the past decade.
  • Three African countries, Nigeria (-53%), Angola (-36%), and South Africa (-12%), appear in the top 10, signalling a regional pattern of wealth erosion.
  • Pakistan (-40%), Egypt (-26%), and Argentina (-22%) rank among the top 10, showing that sharp millionaire losses extend beyond Africa into Asia and Latin America.
  • The average millionaire decline across the top 10 countries is over 33%, highlighting a widespread erosion of wealth in politically and economically vulnerable regions.
Cars lead in road traffic crashes, while luxury bus accidents surge by 466.7% over four years
  • Cars were involved in the highest number of road accidents, recording 665 cases over the four-year period.
  • Luxury buses and bicycles recorded the highest quarter-on-quarter (QoQ) growth in accident involvement.
  • Tankers, cars, and motorcycles saw the sharpest QoQ declines, with accident rates falling by 47.2%, 30.6%, and 24.7% respectively.
Nigeria’s private sector growth slows for the third straight month in 2025, but still outperforms 2024
  • June 2025 PMI: 51.6, down from 52.7 in May — marking a three-month slowdown in growth.
  • Still 2.99% above June 2024 levels, when PMI was 50.1 — confirming year-on-year improvement.
  • The June dip reflects subdued demand and persistent inflation, echoing broader market sentiment.
  • A PMI above 50 signals expansion; Nigeria’s figure signals ongoing growth, though losing speed.
Morocco hit its $3.5B FDI peak twice, in 2014 and 2018
  • Morocco recorded a total of $54.58 billion in FDI over the past 34 years.
  • Morocco's FDI inflows peaked twice, in 2014 and 2018, both $3.5 billion.
  • The lowest FDI inflow Morocco recorded was in 1990, amounting to $0.17 billion.
  • From 2006 onward, Morocco's FDI inflows remained mostly above $1 billion, with fluctuations.
  • The most recent year, 2024, showed a modest recovery after a significant dip in 2023.
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