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  • Over time, Nigerian workers under 50 have increasingly relied on pension savings during unemployment. This graph illustrates the upward trend with some fluctuations in both the total amount withdrawn — ₦26.9 billion in 2022, and the number of approved withdrawals. Individuals who can withdraw 25% of their retirement savings balance are those who disengaged/retired before the age of 50 years in accordance with the terms and conditions of their respective employment and stayed unemployed for at least six months.

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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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  • 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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  • As of February 2023, Airtel had the fastest Internet speed of all mobile operators in Nigeria at 22.42Mbps, followed by MTN with 21.71Mbps, and Glo with 8.70Mbps. 9mobile comes last with a speed of 8.32Mbps. Airtel's speed of 22.42Mbps was about 26% of Starlink's speed.

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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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Other Insights
 
  • Starlink is cheaper than traditional ISPs in five out of the twelve African countries analysed.
  • Zimbabwe has the widest price gap, with traditional ISPs costing over 21 times more than Starlink.
  • Nigeria currently offers the cheapest traditional ISP plan at $9.59, undercutting Starlink’s price by a wide margin.
  • In Ghana and Kenya, Starlink’s monthly subscription is less than half the cost of the leading ISPs.
  • Only slight differences exist between Starlink and traditional ISP prices in Zambia and Botswana, indicating near-parity.
  • Mozambique and Cape Verde have moderate Starlink price advantages, suggesting potential for market competition.
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  • Sudan recorded the steepest GDP decline in Africa in 2024 at -13.49%.
  • Botswana’s economy contracted by -2.99%, the second-worst on the continent.
  • Libya was the only other country in the bottom 10 with negative growth at -0.61%.
  • South Africa, with 0.58% growth, continues to struggle with low economic momentum.
  • Sao Tome & Principe and Equatorial Guinea both recorded growth below 1%.
  • Despite being Africa’s largest economy, Nigeria’s 3.43% growth places it closer to underperforming countries than to the continent’s fastest risers.
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  • Rwanda recorded the highest GDP growth in Africa in 2024 at 8.89%.
  • Six out of the top ten fastest-growing economies in Africa are from West Africa.
  • Niger and Benin posted impressive growth rates of 8.42% and 7.45% respectively.
  • Nigeria, one of Africa’s biggest economies, had a growth rate of 3.43%, below countries like Senegal and Cabo Verde.
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  • Ikeja DisCo leads with a 78.45% metering rate, having metered over 1.03 million customers.
  • Abuja DisCo follows closely with a 71.60% metering rate and over 924,000 metered customers.
  • Ibadan has the highest number of registered customers, but only a 44.23% metering rate.
  • Kaduna and Kano have alarmingly low metering rates of 24.92% and 24.77%, respectively.
  • Yola DisCo has the lowest metering rate at just 14.45% of its 824,700 customers.
  • Eko DisCo has a relatively high metering rate of 63.92% despite having fewer registered customers.
  • Only 4 out of 13 DisCos have metered at least half of their customer base as of March 2025.
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  • Kano DisCo recorded the highest increase in metered customers with a 330.75% rise in just one quarter.
  • Aba DisCo more than doubled its metered customers, increasing by 116.87%.
  • Ikeja DisCo, despite being a top performer overall, saw a 23.62% drop in meter installations.
  • Enugu and Eko also recorded declines in quarterly deployments by 12.31% and 4.02% respectively.
  • Ibadan DisCo deployed the highest number of meters in Q1 2025 but grew at a moderate rate of 15.09%.
  • Yola DisCo experienced the steepest decline in the country, dropping by 56.70% in metered customers.
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  • Gabon imposes Africa’s highest international air travel tax at $297.70, followed closely by Sierra Leone at $294 and Nigeria at $180.
  • Libya charges the lowest air travel tax among the listed African countries at just $1.30, with other low-cost countries including Malawi ($5.00), Lesotho ($5.70), and Algeria ($9.80).
  • All of the 10 most expensive countries charge over $100 in departure taxes, suggesting a trend of high levies among a subset of African nations.
  • The gap between the highest and lowest air travel taxes in Africa exceeds $296, revealing significant disparities in passenger costs across the continent.
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  • Côte d'Ivoire attracted $3.80 billion in FDI in 2024, its highest annual inflow ever recorded, more than double 2022’s $1.6 billion.
  • Between 1990 and 2016, its FDI remained mostly below $1 billion annually, only beginning to surge from 2017 onwards.
  • The country crossed the $1 billion mark for the first time in 2021, signalling increased investor confidence and macroeconomic improvements.
  • Over the last three years (2022–2024) alone, Côte d'Ivoire drew in $7.89 billion in FDI, accounting for over 40% of total inflow since 1990.
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  • The United States remains the undisputed leader with 589 active rigs, accounting for nearly a third of all rigs worldwide in 2024.
  • Canada (162 rigs) and Iran (117 rigs) follow as the second and third highest contributors to global drilling activity.
  • Middle Eastern producers dominate the top 10, with Kuwait (80), UAE (73), Saudi Arabia (70), Iraq (62), and Oman (50) collectively operating 335 rigs.
  • Nigeria ranks 15th globally with 31 active rigs, making it one of only two African nations in the global top 20.
  • The top 10 countries account for over 75% of the world’s active rigs, reflecting the continued concentration of drilling infrastructure in a handful of key oil-producing regions.
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  • The world’s total proven recoverable crude oil reserves stand at 1.57 trillion barrels in 2024.
  • Venezuela, Saudi Arabia, and Iran collectively hold over 50% of these reserves, with 303.2B, 267.2B, and 208.6B barrels respectively.
  • Nigeria ranks 10th globally with 37.3 billion barrels, placing it ahead of other major producers like Kazakhstan, China, and Brazil.
  • The majority of the largest reserves are concentrated in Middle Eastern and South American countries, with only a few top holders located in North America, Africa, and Asia.
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  • India dominates global banana output with 36.6 million tonnes, accounting for over a third of total production among the top 10 countries.
  • China (11.7M) and Indonesia (9.34M) round out the top three, contributing significantly to Asia’s dominance in banana farming.
  • Nigeria ranks 4th globally, producing 7.3 million tonnes, slightly ahead of Ecuador and Brazil.
  • Africa is well represented, with Nigeria, Angola, and Tanzania collectively contributing 15.86 million tonnes, or about 16% of the top 10 output.
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  • Ethiopia recorded a total of $46.43 billion in foreign direct investment between 1990 and 2024.
  • Its annual FDI inflows surged from just $10 million in 1990 to $3.98 billion in 2024, reflecting massive investor interest over time.
  • The country experienced three major FDI booms in 1997–2004, 2011–2014, and 2015–2016, driven by policy reforms and industrial expansion.
  • After a pandemic-era dip in 2020, Ethiopia rebounded strongly in 2021 with $4.26 billion in inflows, maintaining high investment momentum through 2024
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  • Nigeria imported $281 million worth of generator sets in 2024.
  • China remained the dominant supplier, accounting for $195 million, or nearly 70% of total imports.
  • Other top suppliers included India ($20.6M), Germany ($15.4M), and South Korea ($16.5M).
  • Compared to 2023, imports from China dipped slightly (from $202M to $195M), and other countries like Germany and India also saw declines.
  • The data captures a wide range of generator types — petrol, diesel, wind-powered, and rotary converters — under HS Code 8502.
  • Mirror data reflects only officially reported trade and excludes informal or undocumented imports.
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  • Debt service in Angola hit 68.3% of GDP in 2024.
  • Even with a projected fall to 67.7% in 2025, the debt burden remains high.
  • Between 2009 and 2025, the debt service ratio grew at a CAGR of 11.2%.
  • The ratio stayed below 15% from 2009 to 2014 before surging to 41.9% in 2016.
  • Angola has faced multiple spikes above 50% since 2019, showing recurring debt strain.
  • The sharp drop to 31.2% in 2022 was short-lived, followed by a steep increase.
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  • Africa’s population in H1 2025 stood at 1.51 billion.
  • Eastern Africa is the most populous region with 500.7M people (33.0%).
  • Western Africa follows with 456.3M (30.1%).
  • Together, Eastern and Western Africa account for over 63% of Africa’s total population.
  • Southern Africa is the least populous with 73.1M (4.8%).
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  • Africa’s largest net migration gain was in 1985, with +328K people.
  • The continent faced its steepest loss in 2010, with -998K.
  • 2020 was a standout year in recent decades with +248K net gain.
  • The 2024 net migration figure of -644K is the third-largest loss since 1955.
  • Despite a partial recovery in 2025 to -378K, losses still outweigh gains.
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  • Africa’s share of the global population has more than doubled, from 9.3% in 1955 to an estimated 18.8% in 2025.
  • The most rapid growth has occurred since 2000, increasing from 13.5% to 18.8% over 26 years.
  • Between 1980 and 2000, Africa’s share rose modestly from 10.9% to 13.5%.
  • The most significant 20-year gain occurred between 2000 and 2020, with an increase of 4 percentage points.
  • Population growth in Africa contrasts with stagnation or decline in many other parts of the world.
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  • Nigeria leads Africa with 1,630.83 points, ranked 36th globally, maintaining their long-standing supremacy in Africa's women’s football.
  • South Africa remains second, 165 points behind Nigeria, consolidating their position after consistent WAFCON performances.
  • North Africa's breakthrough is evident with Morocco at 3rd, driven by recent World Cup appearances and continental success.
  • There is tight competition in mid-table, with Zambia, Cameroon, and Ghana separated by less than 12 points.
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  • Nigeria’s D’Tigress leads Africa with 640.1 points, holding 8th place in the world rankings.
  • Mali sits in second with 343.7 points, more than 290 points behind Nigeria.
  • Senegal, Mozambique, and Cameroon complete Africa’s top five, all ranked within the global top 40.
  • South Sudan enters the continental top 10 at 10th, while ranking 55th globally.
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