Insights Archive - Page 158 of 162

Popular Insights

Education

Nigerian students of Bini/Edo ethnicity had the highest tertiary institution completion rate as of 2013. Igbo, Ebira/Igbira, Ibibio, and Yoruba were notable ethnic groups in the top five. Which ethnic group do you think currently leads Nigeria's tertiary institution completion?

As of 2013, for a programme lasting at least four years, 21% of students from the Bini/Edo aged 25 to 29 completed their studies; for students between 30 and 34, it was 17%.

However, for those between 25 and 29 in a programme lasting at least two years, the Ebira/Igbira led with 41%, followed by Bini/Edo with 35%.

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Agriculture
Nigeria was once a global leader in palm oil production, but it has been overtaken by Malaysia, Indonesia, Thailand, and Colombia.

Indonesia, in particular, has seen a 34,018% increase in production since 1961, reaching 49.7 million tonnes by 2021.

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Peacefulness
The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

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Economy
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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Education

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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Population

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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Gas
Key Takeaways:

The average price for 12.5kg cooking gas varies between ₦15,000 and ₦20,300

The average price difference of cooking gas among Nigerian states is 28.97%

Four out of the six states in the Southwest region are among the top 20 Nigerian states with the highest average cooking gas prices

Nine out of Nigeria's 36 states plus Abuja have an average price for 12.5kg cooking gas that exceeds ₦18,000

Taraba State stands out as the only state in Nigeria with an average cooking gas price surpassing ₦20,000

The national average price of 12.5kg cooking gas in Nigeria is ₦17,274.16

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Telecommunications
MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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Peacefulness
The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

See more

Other Insights

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