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  • Nigeria’s electricity distribution companies (DISCOs) generated ₦1.07 trillion revenue in 2023 — double 2020's amount and 3.8x that of 2015. From 2015 to 2023, revenue has grown from ₦279b to ₦1.07t, while customer base has increased by over 5m, from 7m to 12.1m.

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    While many living in Nigeria have already experienced the effects of the fuel subsidy removal on their daily expenses, this chart presents a clearer picture of reality. Will the prices of food items continue to rise? Is there hope of some respite soon?

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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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  • GSM subscribers in Nigeria only recorded three year-on-year drops in the past 11 years

    As of March 2024, there were 219m subscribers in Nigeria's GSM market which is dominated by three players each with over 20% market share. More than 40 mobile virtual network operators (MVNOs) have been licensed to date, all of whom will rely on the infrastructure of the country's four mobile network operators to offer their services.

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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
 
  • Egypt and South Africa dominate Africa’s space presence, with 14 and 13 satellites respectively, accounting for nearly one-third of the continent’s total.
  • Nigeria (7), Algeria (6), and Morocco (5) form the next tier, highlighting North and West Africa as emerging hubs in satellite development.
  • The majority of other African countries with satellites, including Rwanda, Ethiopia, Zimbabwe, Djibouti and Angola, have two satellites each.
  • Out of 54 African nations, only 18 have any satellites in orbit, underscoring the vast disparity in space investment and technological capacity across the continent.
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  • 446 Ghanaian scholars are in the US as of the 2023/24 academic session, making up 9.5% of the total number of African scholars in the US.
  • In the 2000/01 academic session, Ghana was the 7th leading source of African scholars with only 75 Ghanaian scholars in the US.
  • Nearly 1 in African scholars in the US is a Ghanaian.
  • Ghana scholarly population in the US have grown by 497%.
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  • Black River, Mauritius, saw the fastest growth in millionaires: more than 105% over 10 years, adding about 560 new millionaires.
  • Marrakech, Morocco, grew by 67%, gaining roughly 680 millionaires from tourism and luxury real estate.
  • Whale Coast, South Africa, added around 600 millionaires with 50% growth, driven by lifestyle migration.
  • Cape Winelands, South Africa, gained about 1,100 millionaires, growing 42% over the decade.
  • Cape Town grew more modestly at 33%, but had the largest absolute gain—over 2,100 millionaires—reaching 8,500 total.
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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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  • Africa’s population grew by 580.4%, from 228M in 1950 to 1.6B in 2025, making it the fastest-growing continent.
  • Asia remains the most populated continent, reaching 4.8B people in 2025, up from 1.4B in 1950.
  • Europe’s growth has been the slowest, at just 35.6%, rising from 549M to 744M.
  • Latin America & the Caribbean grew by 298%, from 168M to 668M.
  • North America more than doubled its population, growing by 130.7% from 168M to 388M.
  • Oceania saw a 270% increase, though it remains the least populated continent at 47M people.
  • Africa’s population is now more than double Europe’s, a major demographic shift compared to 1950.
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  • Morocco’s GDP per capita has shown a fluctuating pattern in the last 25 years, with periods of steady growth and also fall.
  • The years 2003–2008 stand out as a high-growth phase, with GDP per capita rising rapidly from $1,941.9 to $3,183.2.
  • In 2021, a dramatic 15.9% rebound took GDP per capita up to $3,785.9.
  • In 2024, nominal GDP per capita stood at $3,993.4.
  • The last 25 years depict a more than twofold increase in Morocco’s GDP per capita, moving from $1,499.1 to $3,993.4.
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  • Egypt remained the lead African country with the highest number of international scholars in the US, with 942 recorded in the 2023/2024 academic session.
  • As of the 2023/2024 academic session, 4,679 international scholars in the United States of America are from Africa.
  • A total of 931 international scholars in the US as of the same session are from Nigeria.
  • Africa produced 4.2% of the international scholars in the US for the session under review.
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  • Nigeria has been the second leading source of African scholars in the US since 2008/09 to 2023/24, after overtaking South Africa.
  • By the 2023/24 academic session, the number of Nigerian scholars in the US reached 931.
  • Given past trends, it’s not unrealistic to predict that Nigeria could surpass Egypt in the near future, just as it did South Africa.
  • Approximately 20% of the African scholars in the US are Nigerians.
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  • Only 37 countries produced bio-diesel in 2023.
  • No African country produced bio-diesel.
  • The US remained the dominant producer of bio-diesel with 15.25 million metric tons produced in 2023, which is 36% of the total quantity produced globally.
  • Germany was the top exporter of bio diesel with 2.18 million metric tons.
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  • Nigeria leads Africa with 238 million people in July 2025.
  • Namibia, though the second largest in the South, has only 3 million people.
  • In Eastern Africa, Ethiopia (135M) and Tanzania (71M) dominate.
  • Egypt (118M) and Sudan (52M) are Northern Africa’s population leaders.
  • South Africa (65M) is Southern Africa’s most populous country, far ahead of Namibia.
  • In West Africa, Nigeria (238M) and Ghana (35M) are the most populous, showing a wide gap within the region.
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  • Africa’s pig herd expanded nearly nine-fold, from 8.4 million in 1961 to 48.9 million in 2023.
  • Despite this growth, Africa accounts for only 5.1% of the world’s pigs in 2023.
  • South Africa led pig production for decades until the late 1980s, when Nigeria overtook and has remained the top producer since.
  • Malawi and Uganda emerged as major players in the 2000s–2010s, now ranking among the top three producers.
  • Nigeria, Malawi, and Uganda together hold nearly 50% of Africa’s total herd.
  • Africa’s pig farming is shifting from being dominated by one or two players to a more regionally balanced mix.
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  • Gabon (84%) is Africa’s most urbanised country, while Burundi (15%) is the least.
  • Five of the top 10 urbanised African countries have an urban share above 75%.
  • Small island nations like Cabo Verde (79%) and Sao Tome & Principe (78%) rank highly, reflecting their concentrated settlements.
  • Resource-rich countries like Libya (78%), Botswana (76%), and Algeria (74%) show strong urbanisation patterns.
  • Ethiopia (23%) and Uganda (30%) highlight the urbanisation gap among high-population countries.
  • Nigeria sits at 55%, ranked 19th, reflecting moderate urbanisation compared to other African giants.
  • Most of the bottom 10 countries, such as Malawi (20%), Niger (18%), and Rwanda (18%), are still heavily rural, signalling slower urban development.
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  • Lagos dominates regional debt with a domestic debt stock of ₦1.04 trillion, over 70% of the South-West’s total subnational debt.
  • Lagos’s debt is six times larger than that of Ogun (₦162.9 billion), the region’s next most indebted state.
  • At ₦10.6 billion, Ondo maintains the lowest domestic debt profile in the region, reflecting relatively modest borrowing.
  • The combined domestic debt of the six South-West states (Lagos, Ogun, Oyo, Osun, Ekiti, and Ondo) stood at ₦1.43 trillion as of Q2 2025.
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  • Nigeria dominates with ₦339.6b, contributing over 70% of GTCO’s total profit after tax in Africa.
  • Ghana (₦61.9b) and Côte d’Ivoire (₦28.2b) followed as the strongest non-Nigerian subsidiaries.
  • Tanzania (₦46m) and Uganda (₦505m) contributed negligible profits compared to peers.
  • GTCO subsidiaries across Africa collectively generated around ₦476b profit after tax in the first half of 2025.
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  • Nigeria’s public debt rose to $99.7 billion, up from $91.3 billion in June 2024, marking a return to growth after a dollar-value decline in 2024.
  • The debt in local currency climbed to ₦152.4 trillion, reflecting both borrowing and continued naira depreciation.
  • The increase underscores ongoing domestic financing challenges and vulnerability to exchange-rate fluctuations.
  • The growth in dollar terms points to renewed external borrowing as the government manages debt obligations post-2024 volatility.
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  • From recession to recovery, Nigeria’s GDP growth journey reveals three decades of economic volatility and slow transformation.
  • Nigeria's economy grew by 14.6% in 2002, which is still the highest in the country's history.
  • The country entered a recession in 2016, with the economy shrinking by -1.6%.
  • Nigeria enjoyed a long period of strong growth between 2003 and 2010: The economy grew between 7% and 11%, powered by high oil prices and booming sectors like telecoms and banking.
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  • The U.S. consistently leads Nigeria’s imports from the Americas, accounting for 57–73% between 2013 and 2025.
  • Brazil ranks second, with shares ranging between 11% and 24%, highlighting its steady trade ties with Nigeria.
  • During the period, the combined share of the U.S. and Brazil never fell below 76%, even at its lowest point in 2022.
  • Total imports from the Americas surged from ₦0.9 trillion in 2013 to a peak of ₦6.3 trillion in 2024.
  • Canada’s import share peaked at 16.4% in 2022, showing a rare moment of diversification.
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  • South Africa dominates with 30 battery storage systems, the largest by far.
  • Egypt is the second-largest market with 7 projects, while Morocco has 4.
  • Nigeria and Senegal have five projects each (operational + pipeline).
  • Several countries, including Ghana, Togo, Angola, Botswana, DR Congo, and Mauritius, each have just one or two projects, indicating an uneven spread across the continent.
  • South Africa also leads in systems under construction (7).
  • Operational projects are still limited continent-wide, with most systems either under construction or in the planning pipeline.
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