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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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    Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

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    Inflation rate in Nigeria increased to 31.7% in February 2024. Nigeria has the 13th highest inflation rate out of 186 countries and territories as of February 2024.

    The data showcases Argentina leading with 276%, followed by Lebanon and Syria. Seven of the top fifteen are African.

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  • 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.

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    Top ten African countries by estimated number of films produced annually

    The Nigerian movie industry, mainly financed via public or private funding and international grants, produces the most films in Africa, yearly. Nigeria produced more than double the number of films that the Ghanaian and Kenyan movie industries produce annually.

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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

    See more
  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
    See more
  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

    See more
Other Insights
     
  • Africa exported $41.3 billion in digital services in 2024, less than 1 percent of the world total.
  • South Africa was the continent’s top exporter with $7.05 billion.
  • Morocco ($6.74 billion) and Ghana ($5.18 billion) followed closely.
  • Egypt ($4.03 billion) and Mauritius ($3.53 billion) also ranked among the top five.
  • The top five countries together made up about two-thirds of Africa’s exports.
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  • Nigeria spent $57.67B on external debt interest from 1970 to 2023.
  • Payments were low initially but rose steadily as borrowing increased.
  • In the 1990s, interest payments fluctuated due to debt rescheduling and restructuring agreements.
  • In 2005, payments jumped to $5.31B following a strategic debt buyback that accelerated obligations.
  • Annual payments climbed 1,139.6%, from $0.31B to $3.79B, showing rising debt service costs.
See more
     
  • Nigeria exported $10.81 billion in digital services between 2005 and 2024.
  • Imports during the same period reached $105.34 billion.
  • The result was a trade deficit of $94.53 billion over 20 years.
  • Exports rose from just $40 million in 2005 to $1.55 billion in 2024.
  • Imports were almost ten times larger than exports, showing a persistent imbalance.
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  • Nigeria’s renewable energy capacity grew from 2.1 GW in 2015 to 3.7 GW in 2024.
  • This represents a 76% increase over the decade.
  • The compound annual growth rate (CAGR) was 5.7% between 2015 and 2024.
  • From 2015 to 2020, capacity was stagnant at around 2.2 GW.
  • The biggest growth year was 2022, with a sharp 34.9% increase.
  • Capacity stagnated in 2023 at 3.1 GW before climbing again in 2024.
  • Nigeria’s renewable growth remains modest compared to its population size and energy demand.
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  • Morocco’s renewable energy capacity grew from 2.4 GW in 2015 to 4.0 GW in 2024.
  • This represents a 67% increase over the decade.
  • The compound annual growth rate (CAGR) was 5.3% between 2015 and 2024.
  • Capacity was stagnant at 2.4 GW from 2015 to 2017 before growth resumed.
  • The biggest single-year increase happened in 2022, with a 13.7% jump.
  • Capacity additions slowed in 2023 (3.7 GW) and 2024 (4.0 GW).
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  • South Africa’s renewable energy capacity grew from 3.4 GW in 2015 to 13.5 GW in 2024.
  • The country recorded a CAGR of 14.7% over the period.
  • The biggest annual growth was in 2016, when capacity surged by 49.2%.
  • Stagnation occurred in 2021 (0.8% growth) and 2023 (0.0%), reflecting project delays or policy issues.
  • The most recent increase was in 2024, when capacity rose to 13.5 GW, showing renewed momentum.
  • South Africa’s renewable energy capacity is more than three times Nigeria’s 3.7 GW in 2024.
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  • Kenya’s renewable energy capacity grew from 1.6 GW in 2015 to 3.1 GW in 2024.
  • This represents a near doubling of capacity in less than a decade.
  • The compound annual growth rate (CAGR) was 6.9% between 2015 and 2024.
  • The largest single-year jump came in 2016 with a 23.2% increase.
  • Kenya faced a setback in 2021 when capacity dipped by -8.6%.
  • A strong rebound occurred in 2022 (+15.5%), reaffirming momentum.
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  • Egypt’s renewable capacity grew from 6.2 GW in 2015 to 11.8 GW in 2024.
  • This represents a net increase of 5.6 GW over the decade.
  • Egypt recorded a 6.5% compound annual growth rate (CAGR) from 2015 to 2024.
  • Between 2015 and 2019, growth was very slow, with capacity almost flat.
  • The turning point came in 2020, when expansion began to pick up pace.
  • The largest jump occurred in 2022, with a 26.3% year-over-year increase.
  • By 2024, Egypt’s renewable capacity was more than three times Nigeria’s 2024 level of 3.7 GW.
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  • Ethiopia’s renewable capacity grew from 2.6 GW in 2015 to 6.0 GW in 2024.
  • The country achieved an 8.6% compound annual growth rate over this period.
  • Ethiopia’s capacity is higher than Nigeria’s 3.7 GW in 2024, despite Nigeria’s larger economy.
  • The biggest surge occurred in 2017, with a 64.9% year-over-year increase.
  • Growth was steady but modest between 2017 and 2021, averaging small annual increments.
  • A slight dip occurred in 2023, but Ethiopia recovered to 6.0 GW in 2024.
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  • Angola’s renewable energy capacity grew from 1.0 GW in 2015 to 4.1 GW in 2024.
  • Growth has stagnated at 4.1 GW for three consecutive years (2022–2024).
  • Angola recorded an 8.6% compound annual growth rate (CAGR) between 2015 and 2024.
  • The most considerable yearly increase was in 2016, with a sharp 71.8% growth.
  • Growth slowed to single digits after 2019, indicating a decline in momentum.
  • In 2022 and 2023, growth was flat at 0.0% and 0.6% respectively.
  • Despite stagnation, Angola’s renewable capacity in 2024 (4.1 GW) remains higher than Nigeria’s 3.7 GW.
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  • South Africa leads Africa with 13.5 GW of renewable energy capacity, the highest on the continent.
  • Egypt follows closely with 11.8 GW, making North Africa a dominant player in the sector.
  • Ethiopia stands out in East Africa with 6 GW of renewable capacity.
  • Nigeria, Africa’s largest economy, ranks 7th with 3.7 GW.
  • The difference between the top performer (South Africa) and the lowest (Niger) is more than 6,000 times in renewable capacity.
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1 2 3 … 99
 
  • Africa exported $41.3 billion in digital services in 2024, less than 1 percent of the world total.
  • South Africa was the continent’s top exporter with $7.05 billion.
  • Morocco ($6.74 billion) and Ghana ($5.18 billion) followed closely.
  • Egypt ($4.03 billion) and Mauritius ($3.53 billion) also ranked among the top five.
  • The top five countries together made up about two-thirds of Africa’s exports.
Read more
  • Nigeria spent $57.67B on external debt interest from 1970 to 2023.
  • Payments were low initially but rose steadily as borrowing increased.
  • In the 1990s, interest payments fluctuated due to debt rescheduling and restructuring agreements.
  • In 2005, payments jumped to $5.31B following a strategic debt buyback that accelerated obligations.
  • Annual payments climbed 1,139.6%, from $0.31B to $3.79B, showing rising debt service costs.
Read more
 
  • Nigeria exported $10.81 billion in digital services between 2005 and 2024.
  • Imports during the same period reached $105.34 billion.
  • The result was a trade deficit of $94.53 billion over 20 years.
  • Exports rose from just $40 million in 2005 to $1.55 billion in 2024.
  • Imports were almost ten times larger than exports, showing a persistent imbalance.
Read more
  • Nigeria’s renewable energy capacity grew from 2.1 GW in 2015 to 3.7 GW in 2024.
  • This represents a 76% increase over the decade.
  • The compound annual growth rate (CAGR) was 5.7% between 2015 and 2024.
  • From 2015 to 2020, capacity was stagnant at around 2.2 GW.
  • The biggest growth year was 2022, with a sharp 34.9% increase.
  • Capacity stagnated in 2023 at 3.1 GW before climbing again in 2024.
  • Nigeria’s renewable growth remains modest compared to its population size and energy demand.
Read more
  • Morocco’s renewable energy capacity grew from 2.4 GW in 2015 to 4.0 GW in 2024.
  • This represents a 67% increase over the decade.
  • The compound annual growth rate (CAGR) was 5.3% between 2015 and 2024.
  • Capacity was stagnant at 2.4 GW from 2015 to 2017 before growth resumed.
  • The biggest single-year increase happened in 2022, with a 13.7% jump.
  • Capacity additions slowed in 2023 (3.7 GW) and 2024 (4.0 GW).
Read more
  • South Africa’s renewable energy capacity grew from 3.4 GW in 2015 to 13.5 GW in 2024.
  • The country recorded a CAGR of 14.7% over the period.
  • The biggest annual growth was in 2016, when capacity surged by 49.2%.
  • Stagnation occurred in 2021 (0.8% growth) and 2023 (0.0%), reflecting project delays or policy issues.
  • The most recent increase was in 2024, when capacity rose to 13.5 GW, showing renewed momentum.
  • South Africa’s renewable energy capacity is more than three times Nigeria’s 3.7 GW in 2024.
Read more
1 2 3 … 198
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