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  • Nigerian states and the FCT generated ₦1.92 trillion in internal revenue in 2022, ₦29.8 billion (1.57%) more than in 2021, with Lagos State accounting for 34% of the IGR in 2022. Here are the revenues collected by Nigeria's states in 2022.
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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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  • 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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  • 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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    Africa's sanitation crisis is alarming, with 17 of the top 20 countries having the highest open defecation rates.

    Eritrea (67%), Niger (65%), and Chad (63%) lead, putting millions at risk of disease.

    Even Nigeria, the most populous African country, has 18% of its population practising it.

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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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  • 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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  • 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
 
  • Ghana’s debt interest payments remained below $200 million for nearly three decades, reflecting relatively low external borrowing.
  • From 2000 to 2010, payments rose moderately, reaching $300 million by 2010 as Ghana’s borrowing needs expanded.
  • Interest payments accelerated sharply, surpassing $1 billion in 2017 and peaking at $1.49 billion in 2022.
  • After years of growth, payments plunged to $780 million in 2023, suggesting debt restructuring, payment relief, or reduced new borrowing.
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  • Financial services dominate Nigeria’s digitally delivered exports, contributing $1.15bn (over 74%).
  • Telecommunications ($184m) and insurance & pension services ($147m) follow, though far smaller.
  • Computer, information, and IP services registered almost no exports, highlighting untapped digital potential.
  • Nigeria’s digital exports remain highly concentrated in finance, leaving other sub-sectors underdeveloped.
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  • Africa’s renewable energy capacity more than doubled between 2015 (34.6 GW) and 2024 (70 GW).
  • Despite this growth, Africa’s global share fell from 1.87% in 2015 to 1.57% in 2024.
  • The decline in global share highlights that other regions are expanding renewable energy capacity much faster than Africa.
  • Between 2020 and 2024 alone, Africa added 18.5 GW of renewable energy capacity.
  • The sharpest annual increase occurred between 2022 and 2023, with capacity rising by 6.4 GW.
  • The percentage share of global renewable energy for Africa has consistently trended downward since 2018.
  • Africa’s renewable energy growth, while positive, is not yet keeping pace with the global energy transition.
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  • The cost of a 64-page Nigerian passport increased from ₦70,000 before September 2024 to ₦200,000 by September 2025.
  • A 32-page passport rose from ₦35,000 before September 2024 to ₦100,000 by September 2025.
  • The minimum wage only rose once within this period—from ₦30,000 to ₦70,000 in September 2024.
  • In 2025, the 64-page passport costs nearly three times the minimum wage.
  • Affording a passport now requires significantly higher financial sacrifice, particularly for low-income earners.
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  • Asia added 413 GW in one year, marking the most significant renewable energy expansion globally.
  • Asia’s 2024 renewable capacity is larger than the combined totals of all other regions indicated.
  • Europe reached 850 GW of installed capacity in 2024, consolidating its position as the second-largest renewable energy region.
  • North America’s renewable energy grew by 8.7% to 572 GW.
  • Oceania recorded a 12.9% growth rate, one of the highest relative increases despite its small base.
  • The Middle East achieved 10.8% growth, reflecting increased investments in solar and wind energy.
  • Africa’s renewable energy grew modestly to 70 GW.
  • Central America & the Caribbean recorded no growth, staying at 19 GW, making it the only stagnant region in 2024.
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  • Egypt has been the lead source of African scholars in the US in the last 24 years.
  • Of the African scholars in the US as of the 2023/24 academic session, 20% were Egyptians.
  • The country remains a pivotal actor in building transcontinental academic bridges and contributing to global knowledge exchange.
  • Egypt’s visibility in the US scholarly ecosystem reinforces its role as a regional academic hub.
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  • Mauritius, with a median age of 38 years, has the oldest population in Africa.
  • The Central African Republic has the youngest population, with a median age of 14 years.
  • Nigeria’s median age of 18 years reflects the dominance of youth in its population.
  • Older populations tend to signal lower fertility rates.
  • Younger populations highlight higher fertility rates and greater demand for education and jobs.
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  • US imports from Africa grew 23.9% year-on-year to $23.4 billion in H1 2025.
  • South Africa drove much of the growth, with exports surging 52.2% to $9.5 billion.
  • Nigeria recorded a 12.1% decline in exports to the US, falling to $2.8 billion.
  • Algeria also posted a contraction, with exports dropping 13.5% to $1.1 billion.
  • Egypt’s exports increased 14.8%.
  • Other African countries collectively expanded exports by 23.5% to $8.6 billion.
  • Africa’s trade growth with the US continues despite tariff barriers, showing resilience.
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  • US imports from Africa jumped 24% to $23.4 billion in H1 2025 despite tariffs.
  • Egypt led gains, doubling its surplus with the US to $2.73 billion.
  • Nigeria swung into a $576 million surplus, reversing last year’s deficit.
  • South Africa’s deficit with the US nearly doubled to $6.32 billion, dragging the overall balance.
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  • Johannesburg is home to the highest number of millionaires in Africa, with 11,700 individuals.
  • Six out of the top ten wealthiest African cities are located in South Africa.
  • Cairo leads North Africa with 6,800 millionaires, showing its dominance as a financial hub.
  • Nairobi has 4,200 millionaires, making it East Africa’s wealthiest city.
  • Lagos, with 3,600 millionaires, remains West Africa’s wealthiest city.
  • Lifestyle regions, such as the Cape Winelands and the Garden Route, feature prominently, reflecting the importance of property and lifestyle economies.
  • Casablanca, with 2,900 millionaires, underscores Morocco’s rising appeal as a North African wealth centre.
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  • Capital expenditure accounted for the largest share of Lagos State’s Q1 2025 spending, at 52%.
  • Overhead costs consumed 22% of the total expenditure.
  • Personnel costs accounted for 18%, reflecting the importance of workforce expenses.
  • Debt servicing made up 5%, indicating relatively low pressure from debt obligations.
  • The balance between recurrent (personnel, overhead, debt, and other recurrent) and capital spending leans heavily towards long-term growth.
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  • Internally Generated Revenue (IGR) accounted for 61% of Lagos State’s Q1 2025 receipts.
  • VAT was the second-largest funding source, contributing 22%.
  • Loans made up 8% of total inflows for the quarter.
  • Opening balance accounted for 4%, indicating a moderate carryover from the previous year.
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  • Over the past two decades, Egypt exported roughly twice as much ceramic products as it imported, positioning itself as a key player in regional and global ceramic products trade.
  • In 2012, exports peaked at $488.51 million, more than double imports at $178.23 million, setting a clear demonstration of strong industrial and commodity output.
  • In 2008, exports soared to $325.86 million, more than doubling imports at $126.21 million.
  • Between 2017 and 2021, the export sector showed stable performance, averaging $327 million annually.
  • The year 2021 was a standout, with exports reaching $401.12 million, reflecting a strong rebound that reaffirmed Egypt’s export capacity post-pandemic.
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  • The South-West recorded the highest domestic debt stock of approximately ₦1.43 trillion, largely powered by Lagos State’s ₦1.04 trillion debt.
  • The South-South ranks second with ₦968 billion, led by Rivers State’s ₦364.4 billion, reflecting major infrastructure and fiscal commitments.
  • The North-Central (₦520 billion) and North-East (₦450 billion) show moderate borrowing compared to their southern counterparts.
  • The North-West records the smallest combined debt stock at ₦223 billion, indicating a relatively conservative borrowing posture.
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  • Enugu State holds the highest domestic debt in the South-East at ₦180.5 billion.
  • Imo ranks second with ₦97.9 billion, about 54% lower than Enugu’s figure.
  • At ₦15.8 billion, Ebonyi remains the least indebted in the region, maintaining a conservative borrowing stance.
  • Combined, the five South-East states (Enugu, Imo, Abia, Anambra, and Ebonyi) owe roughly ₦371 billion domestically as of Q2 2025.
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  • Bayelsa holds the lowest debt with ₦65.9 billion.
  • Rivers’ ₦364.4 billion domestic debt is almost six times Bayelsa’s total, highlighting major fiscal disparities.
  • Delta (₦204.7 billion) and Cross River (₦147.3 billion) remain among the region’s more indebted states
  • Regional debt approaches ₦1 trillion: The six South-South states collectively hold an estimated ₦968 billion in domestic debt as of Q2 2025.
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  • Naturalisations rose consistently from 577 in H1 2022 to 717 in H1 2024, marking a 24% rise over two years.
  • The 11.5% increase recorded that period was the strongest half-year growth across the timeline.
  • Numbers fell 25.5% in H1 2025, the steepest half-on-half drop since tracking began.
  • Despite the recent fall, total naturalisations remain above early 2022 levels, signalling sustained long-term growth.
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  • The number of new Canadian citizens born in Egypt fell 9.8% in H1 2025, reaching 1,158, down from 1,284 in late 2024.
  • The steepest half-on-half fall came in H2 2024 (-37.3%), signalling the start of a more sustained slowdown.
  • Compared with the 2022 peak of 2,566, current levels are down 55%, marking a continuous decline since mid-2022.
  • Despite the multi-year decline, the smaller 9.8% decrease in H1 2025 suggests the rate of decline may be easing.
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