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    • The GDP contribution from the telecom sector increased from 14.13% in Q1 2023 to 16.36% in Q2 2024.
    • The highest contribution (16.36%) was seen in Q2 2024.
    • The telecom sector contributes significantly to GDP, maintaining values above 10% quarterly from Q1 2020 to Q3 2024.
    • The second quarter consistently contributed more to Nigeria’s GDP throughout the observed timeframe.
    • The first and second quarters of 2024 showed an improvement in the sector's contribution to GDP compared to the previous years.
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    top-15-african-countries-by-number-of-medical-doctors-per-10000-people-as-of-2022

    As of 2022, only seven African countries met the WHO's recommended doctor-to-population ratio of 10 doctors per 10,000 people.

    Cape Verde, Seychelles, Libya, Eswatini, Tunisia, Mauritius, and Algeria are leading the way in healthcare accessibility in Africa. However, the continent still averages only 2.6 doctors per 10,000 people.

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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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    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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  • 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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    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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  • In addition to having one of the lowest populations on the continent, Mauritius boasts the greatest broadband penetration rate — 147.39% as of 2022 — of any country in Africa. The eastern African nation's broadband Internet subscribers surpassed its population in 2019.

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  • 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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  • 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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Other Insights
 
  • 25.8 million Kenyan adults now own a national ID.
  • Youths dominate ID ownership, with 18–35-year-olds making up 52.9% of all ID holders.
  • The 26–35 age group leads the way, accounting for 30.1% of total ID owners.
  • Young adults (18–25 years) form 22.8% of all ID holders
  • Older adults (46+ years) collectively make up less than 30% of all ID holders.
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  • Nearly 1 in 4 young adults (18–25 years) in Kenya lack an ID document.
  • This rate (24.4%) is 12 times higher than that of any other adult age group.
  • ID ownership rises sharply after age 25, reaching over 98% across all older categories.
  • Adults aged 36–45 years and above 55 years show the highest ID possession rate at 98.5%.
  • Closing the ID gap among the youth is essential to advancing financial inclusion, employment access, and digital service uptake in Kenya.
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  • Kenya’s financial inclusion surged from 33.2% (men) and 20.5% (women) in 2006 to 85.7% and 84.1%, respectively, in 2024.
  • The gender gap in financial access has nearly disappeared, shrinking from 12.7 percentage points in 2006 to just 1.6 points in 2024.
  • Women’s financial inclusion grew faster, closing the gap primarily between 2009 and 2016, a period marked by mobile money expansion.
  • Digital finance has been a major driver, with mobile banking and fintech solutions providing easier and safer access to financial services.
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  • Adults aged 26–35 years have the highest formal financial access in Kenya at 92.9%.
  • The 36–45 age group follows closely with 92.7% formal inclusion, highlighting strong access among the middle-aged population.
  • Young adults (18–25 years) remain the most financially excluded group, with 23.1% still outside the financial system.
  • Older adults (above 55 years) also show weaker inclusion, with 84.1% formal access and 9.7% exclusion.
  • Informal access remains relatively low across all age groups, signalling the dominance of formal channels.
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  • Christians and Muslims dominate the faiths in Nigeria, with almost 93% of the population identifying with either of these religions.
  • 106.6 million Nigerians identify as Christians, representing about 46.5% of the population.
  • 105.3 million are Muslims, making up 46% of the population.
  • 16.4 million people still follow ethnic or traditional religions, honouring ancestral spirits, deities, and sacred rituals that predate colonial times.
  • Other religions in Nigeria include Agnostics (592,000), Baha'is (57,600), Hindus (45,000), Buddhists (12,600), Jews (1,200) and Atheists (65,000).
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  • Formal financial access in Kenya surged from 26.7% in 2006 to 84.9% in 2024, a threefold increase.
  • The share of financially excluded adults dropped drastically from 41.3% to 9.9% over the same period.
  • Informal access, through community-based and unregulated systems, has declined steadily as more people moved to formal systems.
  • Kenya achieved over 80% formal access by 2019, marking a turning point in its financial inclusion journey.
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  • A total of ₦20.45 trillion in Internally Generated Revenue (IGR) has been recorded nationwide since 2008.
  • Lagos State generated ₦1.26 trillion in 2024, maintaining its position as the top revenue-generating state.
  • For five consecutive years, Yobe and Taraba have consistently ranked among the bottom five states in revenue generation.
  • FCT IGR records began in 2018.
  • Enugu State recorded a remarkable 433.03% year-on-year increase in 2024.
  • Ebonyi (–57.27%), Ondo (–24.70%), and Yobe (–0.99%) were the only states that experienced a decline in IGR in 2024.
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  • China has dominated Nigeria’s imports from Asia, maintaining a 50–55% share for most of the period.
  • China’s share reached its highest level at 58.6% in H1 2025.
  • India's import share remained volatile, ranging between 11% and 25%.
  • Total imports from Asia surged from ₦2.6 trillion in 2013 to ₦16.4 trillion in H1 2025.
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  • Agricultural imports fell from 83.9% in 2017 to 42.9% in H1 2025, indicating a significant decline in import dependency.
  • Agricultural exports grew from 16.1% in 2017 to 54.0% in 2024, surpassing imports for the first time since 2017.
  • Total agricultural trade increased from ₦1.1 trillion in 2017 to ₦8.2 trillion in 2024.
  • Between 2022 and 2024, the import share dropped significantly from 75.7% to 46.0%.
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  • Crude oil imports into Nigeria in H1 2025 marked the first occurrence since 2017.
  • Crude oil imports accounted for 10.2% of total crude oil trade.
  • From 2017 to 2024, exports made up 100% of crude oil trade annually.
  • Total crude oil trade peaked at ₦55.3 trillion in 2024.
  • The emergence of crude oil imports can be linked to domestic refinery operations, especially the Dangote Refinery.
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  • Asia and Europe have consistently represented over 70% of Nigeria’s imports since 2013.
  • Asia’s share of imports reached a record 53.5% in H1 2025.
  • Europe contributed 23.1% of total imports in H1 2025.
  • Imports from the American region averaged between 10%–14% over the period.
  • Africa’s import share remained below 10%, showing limited regional trade.
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  • The Netherlands has mostly been the top European import source, with Nigeria averaging 20% of annual imports from the region.
  • Netherlands' highest share of Nigeria's imports was 27.9% in 2018.
  • The United Kingdom consistently contributed around 5–15% of Nigeria’s European imports.
  • Germany’s share remained relatively stable at 5–10% over the years.
  • France, Italy, and Spain maintained smaller shares, mostly under 7%.
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  • Niger (76%), the Central African Republic (61%), and Chad (61%) top the global list, meaning the majority of women in these countries marry as children.
  • Seven of the top ten countries by prevalence are African, showing that child marriage is most entrenched relative to population on the continent.
  • Countries in South Asia — Bangladesh (51%) and Nepal (35%) — and Latin America — Suriname (36%) and Belize (34%) — also feature, highlighting the global nature of the challenge.
  • While some countries have larger populations, this list ranks the share of girls affected, not the absolute number, meaning even smaller populations can show extreme societal impact if the prevalence is high.
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  1. Nigeria ranks first with 7.3 million estimated users — over 2.8 million more than Egypt.
  2. Egypt (4.5 million) and South Africa (3.1 million) follow, forming the top three markets.
  3. The top three countries account for nearly 60% of the total users across the ten listed countries.
  4. The gap between first (7.3 million) and tenth (Tunisia, 322,000) is more than 6.9 million users, highlighting wide market disparities.
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  • Since its 2019 IPO, Jumia Group has accumulated over $1 billion in total losses, with 2019 marking its highest annual loss at $254.2 million.
  • Losses remained elevated between 2020 and 2022, consistently exceeding $180 million annually despite post-IPO restructuring efforts.
  • From 2023 onwards, annual losses dropped sharply — falling below $105 million for the first time since listing — following the shutdown of underperforming business units across African markets.
  • By 2025, losses declined further to $60.1 million, representing the company’s lowest annual loss in nine years and signalling the sustained impact of its cost-reduction strategy.
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  • With revenue per screen of ₦ 271.6 million, EbonyLife Cinemas outperforms other top cinemas in West Africa.
  • Several Genesis and FilmHouse branches fall within the strong mid-tier cluster, with revenue per screen ranging from ₦100 million to ₦160 million.
  • Lower-tier cinemas still generate ₦40 million to ₦70 million per screen
  • Revenue per-screen metric reveals the operational efficiency of the cinemas
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  • Nigeria is the fastest to reach $100B — 34 years, achieving the milestone in 1994.
  • Ethiopia took the longest — 81 years, reaching the mark in 2022 after decades of gradual expansion.
  • Resource-driven economies reached the threshold faster, including Angola (36 years) and Algeria (43 years).
  • North African economies crossed earlier, with Egypt (1989) and Morocco (2008) benefiting from diversified economic bases.
  • South Africa reached $100B as early as 1988, reflecting its long-standing industrial and financial depth.
  • Ghana is among the slowest climbers (68 years), but its recent 2025 milestone shows the impact of sustained reforms and growth.
  • Speed varies widely (34 to 81 years), showing that growth paths across Africa are shaped by very different economic realities.
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  • South Africa leads with 61 facilities, accounting for 21.6% of the continent’s total
  • Nigeria (25) and Kenya (19) complete the top three countries with major digital infrastructure hubs
  • Many countries operate with fewer than five facilities
  • Eighteen countries have just one data centre each
  • As cloud adoption, fintech, streaming, and AI grow, new regional hubs are likely to emerge beyond today’s leaders.
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