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  • happiness-2024-65fdcc8a1f311

    Nigeria has ranked the 102nd happiest country of 143 countries surveyed globally as of 2024; it ranked 11th of 40 African countries.​
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    ​Libya ranked 66th globally and 1st in Africa, followed by Mauritius and South Africa in 70th and 83rd positions, respectively.

    The World Happiness Report ranks happiness based on GDP per capita, life expectancy, generosity, social support, freedom, and corruption.

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    Nigeria's VAT revenue has grown every year since 2013, reaching ₦3.6 trillion in 2023. The amount collected in 2023 exceeded 2022’s by ₦1.13 trillion — a 45% increase.

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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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  • 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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    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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  • Five of the top tep African countries with the largest gold reserves are North African

    Half of the top 10 African countries with significant gold reserves come from North Africa, with Algeria leading with 174 tonnes. Egypt and South Africa come in second and third with 126 tonnes and 125 tonnes, respectively. Algeria, Egypt, South Africa, and Libya hold the most significant gold reserves.

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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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  • 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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Other Insights

Key takeaways:

  • Kano State received the highest allocation, totalling ₦2.67 billion, which accounts for 5.9% of the entire fund.
  • Nine out of the top ten recipient states are located in Northern Nigeria.
  • Enugu is the sole Southern state to appear among the top ten beneficiaries.
  • The top ten states collectively received ₦16.94 billion, representing 37.3% of the total fund disbursed.
  • In total, ₦45.43 billion was disbursed to all 36 states and the FCT in 2024.
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Key Takeaways:

  • Cameroon’s IMF debt decreased from SDR 70.6 million in 2016 to SDR 49.1 million in 2017—a 30% reduction.
  • From 2018 onwards, the country experienced steady increases in outstanding debt.
  • After an initial 30% reduction from 2016 to 2017, debt skyrocketed by 380% in just one year (2017-2018).
  • By March 2025, Cameroon’s outstanding debt had reached SDR 1.18 billion, representing a staggering SDR 1.13 billion increase from its 2017 level.
  • Although the pace of accumulation has moderated in recent years, the overall debt trend remains upward.
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Key Takeaways:

  • The Democratic Republic of Congo (DRC) reduced its external debt significantly from SDR 263 million in 2016 to SDR 69.3 million by 2019.
  • A sharp reversal occurred in 2020, with debt surging by 327% within a single year, from SDR 69.3 million in 2019 to SDR 296.2 million.
  • Over the decade from 2016 to 2025, the country’s debt increased by 580%, reaching SDR 1.79 billion by March 2025.
  • From 2020 to 2025, the DRC has accumulated over SDR 1.49 billion in new debt.
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  • Gold hit its trough at $1,985/oz in February 2024, marking the low before an uninterrupted rally.
  • After a spring consolidation, gold surged past $2,500/oz in September 2024 (peaking then at $2,546), signaling broadening investor demand.
  • The metal first cracked the $3,000/oz threshold in March 2025 when it reached $3,026, underscoring accelerating momentum.
  • That rally culminated in a new record of $3,323/oz in April 2025, a 67.5% gain from the February 2024 low.
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Global internet usage overview
  • A staggering 96.3% of users access the internet via mobile devices, making smartphones the most important digital tools in the world today.
  • While 82.7% of the global urban population is online, only 47.4% of the rural population has access. That’s a huge gap that reflects deep inequalities in infrastructure and digital opportunity.
  • Spending 6 hours and 38 minutes online every day isn’t just scrolling time; it’s a shift in how humans live, learn, and earn. It’s equivalent to more than 100 full days online per year per person.
  • Although mobile dominates, 61.5% of users still access the internet through computers, proving that traditional devices still matter for work, school, or content creation.
  • While 70% of men use the internet, 65.7% of women do. This gap may seem small, but on a global scale, it represents millions of women without access to tools for learning, income, and visibility.
  • With billions spending almost 7 hours daily online, the internet is where decisions are made, opinions are formed, and lives are influenced.
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Share of private capital deals (volume) in Francophone Africa, by Sector, 2012 – 2024 H1
  • Between 2020–2024 H1, 40.58% and 50.91% of deal volume went to consumer staples and consumer discretionary respectively, showing that everyday goods and lifestyle products are fast becoming investment magnets.
  • The utilities sector deal volume exploded in recent years, jumping from 21.62% in 2016–2019 to 70.27% in 2020–2024 H1, an indication that basic infrastructure services like energy, water, and power are now central to investment strategies.
  • 78.57% of all deal volume in the information technology sector happened in the most recent period, suggesting that digital solutions and tech platforms are increasingly being backed by private capital.
  • The industrials sector also bounced back, with 46% of its deal volume coming in the 2020–2024 period.
  • Energy sector investment dropped from 66.67% to 33.33%, and real estate recorded no new deals after 2015.
  • Health care remained consistent across all three periods, securing exactly 33.33% of the deal volume each time, highlighting its stability, even if not standout growth.
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  • Nigeria’s currency has undergone 10 key shifts; from note introductions to redesigns and a digital launch.
  • Between 1999 and 2005, four new notes; ₦100 to ₦1,000, were introduced in response to inflation.
  • The ₦200, ₦500 & ₦1,000 notes, which dominate in circulation by value, were revamped with high-security features.
  • In 2021, Nigeria launched the eNaira, making it the first African country with a Central Bank Digital Currency.
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  • Rashidi Yekini remains Nigeria’s all-time top scorer with 40 goals in 58 appearances — a record that has stood for over two decades.
  • Victor Osimhen now ranks 2nd, overtaking Segun Odegbami by scoring 26 goals in just 40 matches.
  • Segun Odegbami, now 3rd, recorded 23 goals in 46 appearances during his time with the national team.
  • Among the top scorers, Osimhen has the best goals-per-game ratio, scoring 0.65 goals per game, compared to Yekini’s 0.69 and Odegbami’s 0.50.
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Key Takeaways:

  • South Africa’s outstanding debt to the International Monetary Fund (IMF) decreased from SDR 3.05 billion in March 2023 to SDR 762.8 million by March 2025.
  • The debt level remained unchanged at SDR 3.05 billion through the first three quarters of 2023.
  • Starting in December 2023, South Africa began making consistent quarterly repayments of SDR 381.4 million.
  • This trend demonstrates steady progress in debt reduction and a strengthened commitment to fiscal discipline.
  • The country is potentially on track for full repayment of its debt by the end of 2025.
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Key Takeaways:

  • Between 2016 and 2020, Kenya's debt to the International Monetary Fund (IMF) declined steadily by 59%, from SDR 609.8 million to SDR 249.9 million.
  • This downward trend reversed dramatically after 2020, with public debt rising to SDR 3.02 billion by March 2025.
  • The most significant annual increase occurred between 2020 and 2021, when debt jumped by 178%.
  • The lowest recorded debt level during the study period was in 2020, at the height of the COVID-19 pandemic, when it fell to approximately SDR 250 million.
  • Kenya’s IMF debt grew more than elevenfold (1,109%) from its 2020 low to its 2025 peak.
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Key Takeaways:

  • Soybeans topped the US' agricultural exports in 2024, followed by corn and beef.
  • The top 10 agricultural commodities made up 56.6% of the total value of the US' agricultural exports.
  • Plant-based exports (soybeans, corn, tree nuts, soybean meal, wheat) contributed over 34% of the total agricultural export value.
  • The combined value of the top 10 exports exceeded $99.73 billion.
  • Animal proteins (beef, pork, and poultry) together represented 13.9% of total US agricultural exports.
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  • Over 36% of candidates earned a Second Class Lower.
  • One in every 27 candidates achieved a First Class Honours.
  • More than 16% secured a Second Class Upper.
  • 181 candidates were absent for the exam, roughly 2.5% of the total.
  • 327 candidates earned a Conditional Pass, requiring further requirements for full qualification.
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Key takeaways:
  • As of January to June 2025, Nigeria had nine operational refineries.
  • Dangote Petroleum Refinery is the largest, with a capacity of 650,000 barrels per day (bpd).
  • The total combined capacity of all functional refineries is almost 975,000 bpd.
  • Government-owned refineries, Warri, Kaduna, and Port Harcourt (old), collectively have a capacity of 295,000 bpd.
  • Out of 27 licensed refineries by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), only nine were operational during this period.
  • Other operational refineries such as Aradel, OPAC, Edo, Waltersmith, and Duport Midstream collectively have a capacity of 29,500 bpd.
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Key Takeaways:
  • The former Sudan was the leading sesame seed oil producer in Africa for 48 years, from 1961 to 2011.
  • Nigeria topped Africa’s production rankings between 2012–2014 and 2016–2018.
  • The Central African Republic led sesame oil production in Africa for five years in a recent period.
  • East African countries, particularly Tanzania and Uganda, have seen significant growth in sesame oil production since the 1990s.
  • Six countries—Former Sudan, Somalia, Ethiopia, Tanzania, Mozambique, and the Central African Republic—have consistently played leading roles in Africa’s sesame seed oil production from 1961 to 1981 before the inclusion of some other African countries.
  • Following their separation, both Sudan and South Sudan have remained among the top sesame oil producers in Africa.
  • The top producers of sesame seed oil in Africa are mainly from Sub-Sahara African countries.
  • In SSA, sesame is often grown by small-scale farmers for export purposes.
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Top countriesterritories with the lowest net migrants per 1,000 population (2024) in Africa
  • Eritrea has the highest net migration loss in Africa at -8.7 per 1,000 people.
  • Nigeria's net migration rate of -0.2 is significantly lower than any country in the top 10 list.
  • Sao Tome and Principe and Eswatini follow Eritrea with rates of -6.5 and -6.0, respectively.
  • Lesotho also experiences substantial out-migration, with a net rate of -4.5 per 1,000.
  • Three countries—Rwanda, Uganda, and CAR—have the same net migration rate of -3.1.
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Top countriesterritories with the highest net migrants per 1,000 population (2024) in Africa
  • South Sudan ranks 2nd globally and 1st in Africa in net migration, with 19.1 migrants per 1,000 population.
  • Equatorial Guinea is the only other African country in the global top 10, with a rate of 12.1 per 1,000.
  • Djibouti (4.2), Gabon (3.5), and Botswana (2.7) round out the top 5 within Africa but trail far behind the top two.
  • Nigeria shows negative migration (-0.2), indicating more people are leaving than coming in.
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  • Global public agriculture funding between 1991 and 2023 totaled $878 trillion.
  • The U.S. alone received $199 trillion, averaging $6.2 trillion per year — the highest of any country.
  • Japan and China followed with $166 trillion and $122 trillion respectively.
  • Just 10 countries accounted for over 75% of the total.
  • Nigeria ranked 41st out of 145 countries, with only $1 trillion in 32 years — about $32 billion per year.
  • For a country with over 200 million people, that low level of investment tracks closely with rising food prices, low yields, and import dependence.
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  • 90.7% of approvals came from 10 countries — all in Asia and Africa; the rest of the world got just 9.3%
  • India: 222,521 approvals (highest)
  • Nigeria: 149,299 approvals (2nd overall, 1st in Africa)
  • Zimbabwe: 92,960 approvals (3rd overall, despite smaller population)
  • India, Nigeria, and Zimbabwe alone account for over 460,000 approvals — more than 62% of the total
  • Five of the top 10 countries are African
  • Total approvals (2020–2024): 741,933
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