As of December 2023, Johannesburg had the highest number of millionaires (12,300) in Africa; Cape Town followed with 7,400 millionaires. South Africa dominated the list, with its cities and regions claiming top spots.
Nigeria collected nearly ₦5 trillion income tax from companies in 2023. The amount collected in 2023 is 3.5x the collections in 2015 and 73% more than in 2022. Here are Nigeria's company income tax collections since 2015.
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.
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.
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.
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.
Nigeria's VAT revenue has grown every year since 2013, reaching ₦3.6 trillion in 2023. The amount collected in 2023 exceeded 2022’s by ₦1.13 trillion — a 45% increase.
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.
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.
Egypt dominated African cotton production for decades, from the 1960s to the early 2000s, standing far ahead of other African countries in both volume and quality.
The early 2000s marked a major turning point, as West African countries — especially Burkina Faso and Mali — began to overtake Egypt in total production.
Burkina Faso emerged as the new cotton leader between 2005 and 2015, topping production in key years like 2005, 2006, 2008, 2009, and 2012–2015, and later reclaiming the top spot in 2020 and 2022.
Mali built its cotton strength after 2015, becoming Africa’s number one producer multiple times, peaking at over 334,000 tonnes in 2019.
Benin and Côte d’Ivoire quietly closed the gap throughout the 2010s, consistently ranking in the top three, even though they didn’t dominate the number one spot.
Goodluck Jonathan's era (2010–2015) delivered the highest AIDI growth, with a CAGR of 6.84%, more than double that of his successor.
Muhammadu Buhari’s administration saw steady but slower growth, with a CAGR of 2.63%, increasing the score from 20.60 in 2016 to 25.70 in 2024.
Musa Yar’Adua’s brief tenure (2007–2010) still managed a solid CAGR of 4.26%, indicating promising momentum that was cut short.
Nigeria's AIDI score rose from 8.61 in 2003 to 25.70 in 2024, nearly tripling in two decades.
Obasanjo’s tenure saw the slowest growth, with only a 2.59% CAGR, suggesting limited infrastructure expansion in the early 2000s.
The fastest absolute annual increase occurred between 2010 and 2014, when scores jumped by over 2 points per year.
Despite steady growth, Nigeria's 2024 score of 25.70 still places it far from top performers in Africa, showing that significant infrastructure gaps remain.
Sub-Saharan Africa has the lowest mobile data usage globally, at 6.7 GB/month, which is less than one-third of the global average.
India, Nepal, and Bhutan top the global chart with the highest data consumption at 36 GB/month, signalling deep mobile integration in daily life.
Gulf Cooperation Council countries follow closely with 31.9 GB/month.
Western Europe and North America share the same high usage rate of 25.8 GB/month, indicating mature digital economies with consistent connectivity.
Latin America also lags, though still more than twice ahead of Sub-Saharan Africa at 15.2 GB/month.
The Middle East and North Africa surpass the global average too, at 22.7 GB/month, further highlighting the unique lag of Sub-Saharan Africa in mobile data use.
Alimosho leads by far with 1,120,776 households—more than 400,000 households ahead of second-placed Oshodi Isolo (639,866).
Oshodi Isolo, Ikeja, and Ojo each have over 390,000 households, positioning them as Lagos’ other major residential hubs.
Lagos Island, despite its popularity and commercial relevance, has the fewest households at just 27,199.
Ibeju-Lekki, often seen as a fast-developing area, currently has only 71,496 households, highlighting its future potential.
Mushin, Surulere, and Ifako Ijaiye all have over 280,000 households each, forming a mid-tier residential cluster worth noting for service providers and real estate developers.
Coastal and outer LGAs like Badagry and Epe still reflect moderate household numbers, potentially constrained by infrastructure and distance from central business districts.
The gap between top and bottom LGAs is wide, showing Lagos’ uneven urban spread and pointing to both opportunities and challenges in housing development, planning, and equitable service delivery.