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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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    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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  • 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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    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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  • 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.

    See more

    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.

    See more
  • 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.

    See more
  • 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.

    See more
Other Insights
 
  • Nigeria has consistently ranked among the least peaceful countries, with scores remaining in the lower band from 2008 to 2025.
  • Peacefulness worsened sharply between 2013 and 2015, marking one of Nigeria’s most unstable periods.
  • A mild improvement occurred between 2017 and 2022, although overall peacefulness remained low.
  • Nigeria’s score deteriorated again in 2025, rising from 2.77 to 2.87 and reversing recent stability.
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  • Asia leads globally with 26% of its forests in legally protected areas.
  • The global average stands at 20%, meaning that one-fifth of all forests are under some form of legal protection.
  • Africa and Europe are tied at 23%, both above the global average.
  • South America has only 17% of its forests protected, despite being home to the Amazon rainforest.
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  • T2’s subscriber base dropped by over ten million between Oct 2023 and May 2025.
  • The lowest point came in June 2025 with just 2.44 million active users.
  • From that low, subscriptions climbed to 3.11 million by September 2025.
  • The recent 677.2k gain marks the brand’s first positive momentum in years.
  • Despite the rebound, T2’s subscriber base remains less than a quarter of its 2023 size.
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  • Rwanda leads Africa with a rule of law score of 0.63, ranking 39th globally.
  • Namibia, Mauritius, and Botswana also place within the global top 50.
  • Senegal and South Africa are next, both scoring 0.56 in 2025.
  • Nigeria ranks 120th with a score of 0.41, below the regional average.
  • The Index evaluates justice, corruption, accountability, and fundamental rights.
  • A strong ranking reflects effective governance and respect for citizens’ rights.
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  • Global forest cover is 4.1 Bha, according to the latest FAO assessment.
  • At 832.6 Mha, 20.1% of the global total, Russia has the world’s largest forest area.
  • Brazil (486.1 Mha; 11.7%) and Canada (368.8 Mha; 8.9%) rank second and third, respectively.
  • The United States (7.5%) and China (5.5%) complete the global top five.
  • Africa’s top contributor is the Democratic Republic of Congo, with 139.2 Mha, 3.4% of the global total.
  • Other African countries in the top 20 include Angola, Zambia, Tanzania, and the Central African Republic, each accounting for approximately 1% of the global forest area.
  • Together, the top ten countries account for over 78% of the world’s total forest area, highlighting the global concentration of forest resources.
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  • Egypt led with an estimated $145.5 billion, accounting for about 25% of Africa's total industrial output among its top 15 economies.
  • Nigeria followed with $89 billion, while South Africa, Algeria, and Morocco made up the rest of the top five.
  • The top five economies accounted for more than 70% of Africa’s total industrial value added.
  • Notable mid-tier performers, Ethiopia and DR Congo, reflected rapid industrial investment.
  • Using constant 2015 USD reveals real production strength, not nominal currency shifts.
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  • The Ministry of Art, Culture, Tourism and the Creative Economy allocated a total of ₦10.5 billion to its MDAs for the 2025 fiscal year.
  • The National Institute for Hospitality and Tourism (NIHOTOUR) received ₦8 billion, the largest allocation.
  • NIHOTOUR's allocation accounts for 75.5% of the ministry’s total budget for 2025.
  • The Nigerian Tourism Development Corporation received ₦2.6 billion, representing 24.5% of the total allocation.
  • NIHOTOUR’s budget is more than three times the allocation given to NTDC.
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  • The Nigeria Immigration Service received the highest share — ₦618.7 billion (55.8%) — of the Interior Ministry’s 2025 budget.
  • This allocation emphasises border security and migration management as national priorities.
  • The NSCDC follows with ₦240.9 billion (21.7%), highlighting the government’s focus on civil protection and internal security.
  • The Nigeria Correctional Service received ₦184.6 billion (16.7%).
  • Other agencies, including the ministry headquarters, received ₦64.5 billion (5.8%).
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  • The Federal Ministry of Arts, Culture, and Creative Economy received a total of ₦71.7 billion in the 2025 budget.
  • The National Commission for Museums and Monuments got the highest allocation of ₦15 billion.
  • Visual and film industries received notable funding of ₦10.1 billion for the National Gallery of Art and ₦8.4 billion for the Nigerian Film Corporation.
  • The National Council of Arts and Culture was allocated ₦7 billion.
  • The National Film and Video Censors Board received ₦4.4 billion, emphasising regulation and content oversight.
  • Institutions like the Centre for Black and African Arts and Civilisation, which promotes African identity, received ₦3.5 billion.
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  • Enugu led the country in IGR growth in 2024 with a 433% increase.
  • Bayelsa, Jigawa, Kano, and Osun also experienced large year-on-year increases, indicating widening fiscal activity across regions.
  • Lagos, Rivers, and the FCT recorded slower growth rates but still generated the largest total revenues.
  • The fastest growth often came from states focused on reforming tax systems or broadening local revenue sources, rather than from being traditionally big or wealthy states alone.
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  • Lagos drives most revenue in the South West, accounting for the clear majority of the region’s IGR.
  • Each geopolitical zone has one dominant state that shapes its revenue profile.
  • Fiscal capacity remains heavily skewed toward a few urban and resource-rich states.
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  • Every subsidiary reported profit in H1 2025, compared to three loss-making units in H1 2024.
  • Nigeria’s profit eased, but stronger performance across other African markets helped support overall group results.
  • Zambia, Sierra Leone, the DRC, Cameroon, and Kenya showed notable turnarounds from previous low or negative earnings.
  • The UK operation remained a major contributor, reinforcing the benefits of Access Holdings’ diversified regional presence.
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  • Nigerian players have won the award seven times from 1992 to 2025.
  • Ivorian players follow with six wins, driven by their strong presence in the 2000s and 2010s.
  • Only four countries have produced four or more individual winners: Nigeria, Côte d’Ivoire, Cameroon, and Senegal.
  • Just 12 African nations account for all winners across the 33 years, showing how concentrated elite talent production has been.
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  • Mineral fuels (including crude oil) accounted for $49.3 billion, or 86.8% of total exports in 2024.
  • Non-oil exports remained marginal, with the second-largest item, cocoa, contributing only 4.6%.
  • Fertilisers, ores, slag, ash, and oilseeds collectively made up less than 5%, indicating limited diversification.
  • All other export categories each contributed 1% or less, underscoring Nigeria’s narrow export base.
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  • Nigeria has qualified for six World Cups since its first appearance in 1994.
  • Three second-round finishes in 1994, 1998, and 2014 represent the country's best performances at the tournament.
  • Nigeria ended three of its World Cup appearances at the group stage (2002, 2010, and 2018).
  • Nigeria failed to qualify for the 2006, 2022, and 2026 tournaments.
  • Nigeria did not qualify for any World Cup before 1994, making its debut year a significant milestone.
  • Qualification challenges are increasing, as shown by more failures in recent cycles.
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  • 26 states increased their external debt by a combined $239 million in H1 2025.
  • Imo, Oyo, Kaduna, Enugu, and Ogun recorded the biggest increases.
  • 11 states, including the FCT, reduced their debt through higher repayments.
  • Lagos, Edo, Rivers, and Bauchi accounted for most of the $227 million in reductions.
  • Total state external debt rose only slightly, from $4.8 billion to $4.812 billion.
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  • The Debt Management Office (DMO) Nigeria took the lion’s share, with ₦14.3 trillion (92.23%) of the Ministry of Finance's total allocation.
  • The Nigerian Bulk Electricity Trading Plc. received ₦858.7 billion (5.53%), making it the second-highest allocation.
  • The Federal Ministry of Finance (Headquarters) got ₦289.4 billion (1.86%).
  • The Office of the Accountant General of the Federation was allocated ₦50.7 billion (0.33%).
  • The figures reveal how debt servicing priorities overshadow operational and policy-related financial allocations.
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  • Cards were the most involved in fraud, with ₦14.3 billion representing the most significant exposure among all transaction channels
  • Card transactions also had the highest number of cases (11,972), indicating widespread and frequent attacks
  • Actual losses on cards were 11.5% (₦1.6 billion) of the amount involved, showing that significant financial damage still occurs despite preventive systems
  • Cash fraud accounted for ₦6.8 bn in exposure, nearly half of the card channel’s total
  • Cash also recorded 12.3% (₦800 million) in actual losses
  • Cheques had the lowest fraud involvement (₦1.2 billion) and only 46 cases, but the highest actual loss rate (72.7%)
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