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  • In 2022, the US exported $631 million worth of agricultural produce to Nigeria, with wheat the biggest export. It accounted for 76% of the exports followed by industrial ethanol (9.3%).

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    Nine of the top ten countries with the highest rates of female child marriage are in Africa. Niger leads the list, with 76% of women aged 20 to 24 married or in union before 18.
    Bangladesh is the only non-African country in the top ten, with a rate of 51%.

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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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    Africa's sanitation crisis is alarming, with 17 of the top 20 countries having the highest open defecation rates.

    Eritrea (67%), Niger (65%), and Chad (63%) lead, putting millions at risk of disease.

    Even Nigeria, the most populous African country, has 18% of its population practising it.

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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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    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.

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  • Between 2010 and 2022, Nigeria imported 245 billion litres of Premium Motor Spirit (PMS), popularly called petrol, with the highest imports recorded in 2022. Here is the volume of PMS imported into the country in 13 years from 2010.

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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.

    See more

Other Insights

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.

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In Q3 2023, Nigeria's GDP soared, with almost every sector recording year-on-year growth. Noteworthy growth includes Information and Communication, which increased by 40% compared to Q3 2022. Check out the chart for a quick overview.

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Between 2013 and 2022, Nigeria exported crude oil worth ₦123 trillion, with yearly figures ranging from ₦6.8 trillion to ₦21.1 trillion, and the highest (₦21.1 trillion) recorded in 2022. This chart shows the annual values.

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Out of the 57.5k African students enrolled in US higher institutions for the 2022/23 academic year, nearly one-third — 17.6k (30.7%) — are from Nigeria. The numbers have steadily risen from 3.8k in the 2000/01 academic year.

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With a trade surplus of ₦1.88 trillion in Q3 2023, Nigeria marked a 55% increase in foreign trade — the most significant leap in 38 quarters. This chart, spanning from Q1 2014 to Q3 2023, illustrates this progress.

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In 2022, Africa accounted for only 3.9% (1.4b tonnes) of the world's CO2 emissions from fossil fuels, with Asia being the primary contributor at 19.1b tonnes. This chart shows the variations in regional contributions to global Carbon (CO2) emissions over the past ten years.

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The top ten most populous countries as of 2022 emitted a total of 23b tonnes of CO2 from fossil fuels, with China accounting for 49%, and the US, 22%. Pakistan, Nigeria, and Bangladesh each contributed less than 1% of the total.

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Although Nigeria had the third highest number of learners on Coursera enroled in courses related to science, technology, engineering, and mathematics (STEM) as of March 2023, the country had the highest year-on-year increase — almost double.

Five African countries were in the top ten increasing STEM learners on the e-learning platform.

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What fields were Nigerian students in the US enroled in during the 2022/2023 academic year?

Science, Technology, Engineering, and Mathematics (STEM) fields took centre stage, collectively constituting a substantial 61% of the Nigerian student body.

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In the third quarter of 2023, Nigeria collected a record ₦948 billion in Value Added Tax, the biggest in any quarter recorded from 2013. This data, spanning from Q1 2013 to Q3 2023, shows a consistent upward trajectory in VAT collections over the years.

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Nigerians spent ₦56.6 million last weekend seeing two blockbuster movies — #Barbie and #Oppenheimer. Popularly called Barbenheimer, they were released simultaneously on July 21, 2023. Barbie made 129% more than Oppenheimer in their first weekend.

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Did you know? From Hausa and Igbo to Yoruba and others, Nigeria boasts more than 500 spoken languages, making it one of the world's most linguistically diverse countries. Here are the top ten countries with the most living languages as of 2022.

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  • IHS Towers is the largest tower infrastructure provider in Nigeria, with 18,925 towers in 2023.
  • IHS Towers controls 62.3% of the collocated telecom towers in the country.
  • ATC Nigeria follows, operating 8,270 towers, significantly behind IHS Towers.
  • Other players include Africa Mobile Networks (1,326 towers) and smaller firms (1,852 towers).
  • The Nigerian tower market is highly consolidated, with IHS and American Tower Corporation dominating the space.
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  • MTN dominates submarine fibre optic deployment among GSM operators in Nigeria, increasing its network from 1,500 km in 2018 to 17,984 km in 2022
  • Glo had the earliest and largest submarine fibre deployment, peaking at 19,200 km in 2012, but later scaled down to 9,800 km from 2014 onwards
  • Airtel has not invested in submarine fibre, with its network remaining below 25 km throughout the period
  • 9mobile has not deployed any submarine fibre cable since 2012
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  • Airtel has shown the most aggressive fibre optic expansion, increasing from 4,632 km in 2012 to 16,112 km in 2022
  • Glo initially led with 16,224 km in 2012, but its fibre optic deployment later declined and stabilised around 13,000 km from 2018 to 2022
  • Between 2019 and 2022, MTN's deployment remained unchanged at 14,612 km
  • 9mobile's fibre deployment peaked in 2018 at 4,650 km and remained unchanged till 2022
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  • Dangote Cement has grown its revenue consistently since 2014 and reached a historic ₦3.6 trillion in 2024
  • Revenues have more than tripled between 2020 (₦1.0 trillion) and 2024 (₦3.6 trillion)
  • The year-on-year growth rate shows fluctuations, with declines in some years and sharp rebounds in 2020, 2022, and 2024
  • The highest year-on-year growth occurred in 2024 (62.2%), signalling a particularly strong performance
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  • Nigeria’s active mobile GSM lines reached an all-time high of 224 million in 2023, up from 222 million in 2022.
  • The number of active lines has grown steadily from 40 million in 2007, with notable surges in 2012 (110 million), 2018 (172 million), and 2020 (204 million).
  • Growth slowed between 2016 and 2017, where active lines dipped slightly from 154 million to 145 million, before resuming an upward trajectory.
  • With over 220 million active lines, Nigeria remains one of Africa’s largest telecom markets, driven by increasing mobile adoption.
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Africa's debt-to-GDP ratio (2024 vs 2028)
  • Unlike other regions, Southern Africa’s debt-to-GDP ratio is expected to increase by 5.8 percentage points, reaching 77.4% by 2028.
  • Northern Africa is set to achieve the largest debt-to-GDP decline of 14.7 percentage points, from 84.2% to 69.5%, indicating significant fiscal adjustments.
  • Central Africa is expected to see a 12 percentage point drop, reducing its debt-to-GDP ratio from 45.8% to 33.8%.
  • West Africa’s debt-to-GDP ratio is projected to fall by 4.3 percentage points, while Eastern Africa is expected to drop by 5.2 percentage points, both showing signs of improved debt management.
  • Even with the projected declines, some regions like Northern Africa (69.5%) and Southern Africa (77.4%) will still have high debt burdens compared to others like Central Africa (33.8%).
  • The declining debt-to-GDP ratios in most regions suggest either economic expansion or strategic debt control, but Southern Africa’s increase indicates potential fiscal stress.
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