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  • Abdulsamad Rabiu’s wealth has consistently increased for 4 consecutive years since 2020. Aliko Dangote, on the other hand, experienced 3 consecutive years of wealth growth starting from 2021. Mike Adenuga's wealth recorded growth in 2021 and 2022, but it took a downturn in 2023.

    Abdulsamad Rabiu's financial journey has been particularly noteworthy, with his wealth witnessing a substantial surge from $1.2b in 2014 to $8.2b in 2023. This growth has seen him surpass Mike Adenuga and become the country's second-wealthiest individual as of 2023.

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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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  • According to UNESCO, low-budget movies from Nigeria and other African countries account for most of the films produced annually in Africa. Here is a breakdown of the estimated number of films produced annually, private television channels, and cinema screens by African region.

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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
Key takeaways:
  • Africa’s wealthiest individual, Aliko Dangote, is approximately twice as rich as Johann Rupert and Nicky Oppenheimer.
  • Each of the three richest men in Africa have a net worth exceeding $10 billion.
  • Aliko Dangote maintains his status as Africa's wealthiest man, with a fortune that surpasses his closest rival by more than $9 billion.
  • The cumulative net worth of the five richest men in Africa is around $65.2 billion.
  • The difference in net worth between Africa's richest man and the fifth richest man is $17.1 billion.
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  • 68.9% of non-custodial sentences fall under community service. This sentencing method is by far the most utilised, indicating a strong preference for rehabilitation through public work.
  • Restorative justice is gaining traction (18.9%), emphasising reconciliation between offenders and victims rather than punitive measures.
  • Probation is the least utilised; despite being a common alternative to detention in other systems, probation accounts for just 5.6% of non-custodial sentences in Nigeria.
  • 6.7% of cases fall under "others," which could include lesser-known alternatives such as conditional discharge or special rehabilitation programmes.
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  • For every woman sentenced to a non-custodial measure, there are nearly 12 men (35:415), highlighting a strong gender disparity in non-custodial sentencing.
  • Men account for more than 9 out of every 10 non-custodial cases (92%), suggesting that crimes leading to these sentences are far more common among male offenders.
  • Women’s representation in non-custodial sentencing is much lower than their general crime conviction rates, indicating potential differences in crime type, judicial discretion, or rehabilitation approaches.
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Key takeaways:
  • Mozambique has the fewest individuals requiring support from the United Nations.
  • The UN plans to help 3.6 million of the 7.8 million people in Nigeria who require assistance.
  • Sudan is the only Northern African country recorded by the UN as having people in need.
  • In East and Southern Africa, the countries with the highest and lowest numbers of individuals in need are Ethiopia and Zimbabwe, respectively.
  • The Democratic Republic of Congo and Niger have the highest and lowest number of individuals needing assistance, respectively, in West and Central Africa.
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  • In February 2016, petrol was at its lowest price of 99.80 per litre, marking the last time fuel prices remained below 100.
  • By November 2024, petrol prices soared to an all-time high of 1,214.17 per litre, reflecting the compounded effects of inflation, currency depreciation, and global oil price volatility.
  • Over the nine-year period, the average petrol price stood at 272.65 per litre.
  • Between January 2016 and December 2024, petrol prices increased by 1,079.52, a staggering 984.96% rise, emphasising the long-term upward trajectory influenced by economic challenges, subsidy removals, and fluctuating exchange rates.
  • The most volatile period recorded a month-to-month price surge of over 129.23%.
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  • 66.6% of inmates (53,408) are awaiting trial, meaning 2 out of every 3 prisoners have not been convicted. This highlights major delays in the justice system, leading to prolonged detention without sentencing.
  • Male inmates dominate the prison population at 97.7%, with similar trends in both convicted (98.3%) and awaiting trial (97.4%) categories, highlighting a significant gender disparity in detention rates.
  • Only 33.4% of inmates (26,775) have been convicted, while the majority remain in legal limbo. This suggests that slow judicial processes are contributing to prison overcrowding and potential human rights concerns.
  • 75.4% of female inmates (1,399 out of 1,855) are awaiting trial, meaning only 1 in 4 female prisoners has been convicted
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