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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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    Rivers State generated the highest revenue among the South-Southern states in 2020, making it the second top contributor among all states. Delta State received the highest allocation from the FAAC in the region.

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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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    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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  • 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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    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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  • 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.

    Eighty-six (86%) of the money involved in these cases was recovered thanks to banks' internal control techniques and assistance from relevant government agencies; ₦45 billion remains unrecovered.

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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
  • Libya leads Africa’s reserves with $92.4B, followed by Algeria ($81.2B) and South Africa ($62.5B).
  • Morocco $36.3B reserve places it fourth among African nations.
  • Egypt’s holds $33.1B, maintaining a strong reserve position.
  • Angola ($13.9B), Tunisia ($9.24B), Kenya ($7.34B), Mauritius ($7.25B), and DR Congo ($5.1B) round out the top 10.
  • Libya and Algeria’s strong reserves highlight North Africa’s dominance in the Black continent reserve.
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  • In 2013, Africa’s total reserves stood at $560 billion, the highest recorded in the past decade.
  • A steady decline followed, with reserves dropping to $402 billion by 2016.
  • A moderate recovery began in 2017 at $426 billion, stabilising around $400 billion in recent years.
  • As of 2022, Africa’s total reserves were estimated at $397 billion.
  • Despite fluctuations, Africa’s reserves have hovered around $400 billion since 2019.
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  • Africa ranks 5th globally in total reserves. The continent’s $375B in reserves lags behind most regions, surpassing only Oceania.
  • Asia leads with $8.24T, over half of global reserves, maintaining the strongest reserve and continent buffer driven by China, Japan, and India.
  • Europe holds nearly five times Africa’s reserves, with $3.68T.
  • South America’s $590B reserves is 57% more than Africa’s.
  • Oceania remains the lowest with $84.8B.
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  • The mobility score improved dramatically from 42 in 2015 to 56 in 2023, highlighting a significant enhancement in travel freedom for Nigerian passport holders.
  • A sharp decline occurred in 2020, dropping to 44, likely reflecting global travel disruptions due to the COVID-19 pandemic.
  • Post-pandemic recovery is evident in the score rebounding to 48 in 2021 and surging to 54 by 2022, surpassing pre-pandemic levels.
  • The overall trend shows a steady upward trajectory from 2017 onward, suggesting successful diplomatic and policy initiatives aimed at expanding visa-free travel.
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International Women's Day 2025
  • There are nearly 600 million women aged 15-24 worldwide, with 90% living in low- and middle-income countries (LMICs), making them a significant share of the global population.
  • 37 countries grant women less than half of the legal rights of men, affecting 500 million women, while globally, women enjoy less than two-thirds of the legal rights available to men.
  • Closing the gender gap in employment and entrepreneurship could boost global GDP by over 20%, and eliminating the gap within a decade could double the global growth rate.
  • Women hold just 1 in 5 corporate board positions, partly because less than 20% of countries require gender-sensitive public procurement, excluding them from a $10 trillion-a-year opportunity.
  • Women earn only 77 cents for every $1 paid to men, while 92 countries lack equal pay laws. Additionally, 20 countries prohibit women from night work and 45 ban women from “dangerous” jobs.
  • By 2030, an estimated 8% of the world’s female population (342.4 million women and girls) will still live on less than $2.15 a day, with 220.9 million in sub-Saharan Africa.
  • Climate change could push 158.3 million more women and girls into poverty by 2050, which is 16 million more than men and boys under a worst-case scenario.
  • By 2020, food insecurity was projected to impact 236 million more women and girls, compared to 131 million more men and boys.
  • By 2050, women will still spend 2.5 times more hours per day on unpaid care work than men. If valued monetarily, women’s unpaid labor could exceed 40% of GDP in some countries.
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