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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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    Countries by Global Innovation Index 2024

    The Global Innovation Index 2024 reveals a striking contrast in innovation performance between countries globally and across Africa. Switzerland leads the global rankings with an impressive score of 67.5, followed by Sweden (64.5) and the USA (62.4), highlighting their sustained investments in research, development, and technological advancement.

    In Africa, Mauritius takes the top spot with a score of 30.5, followed closely by Morocco (28.8) and South Africa (28.3). However, even Africa's most innovative nations achieve less than half the score of global leaders, indicating a significant innovation gap.

    Nigeria ranks 15th in the African ranking and 113th globally, out of 133 countries, with a score of 17.1.

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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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    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.

    See more
    Countries by Global Innovation Index 2024

    The Global Innovation Index 2024 reveals a striking contrast in innovation performance between countries globally and across Africa. Switzerland leads the global rankings with an impressive score of 67.5, followed by Sweden (64.5) and the USA (62.4), highlighting their sustained investments in research, development, and technological advancement.

    In Africa, Mauritius takes the top spot with a score of 30.5, followed closely by Morocco (28.8) and South Africa (28.3). However, even Africa's most innovative nations achieve less than half the score of global leaders, indicating a significant innovation gap.

    Nigeria ranks 15th in the African ranking and 113th globally, out of 133 countries, with a score of 17.1.

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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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  • 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.
    See more

Other Insights
  • China’s exports to Nigeria increased by 40.4%,
  • China's exports moved from ₦ 14.1 trillion in 2024 to ₦ 19.8 trillion in 2025.
  • Growth was consistent across all four quarters.
  • Quarter 2 saw the highest growth at 80%, jumping from ₦3.0tn to ₦5.4tn.
  • Quarter 4 recorded a modest 4.3% rise.
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  • Crude oil dominated Nigeria’s exports in all quarters of 2025
  • Q1 recorded the highest oil dependency at 81.5%.
  • Non-oil exports peaked in Q2 at 24.2%, representing the strongest diversification point in 2025.
  • The oil share dropped to its lowest in Q2 (75.8%), but still remained dominant.
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  • Nigeria's total capital imports surged to $23.2bn in 2025, the highest level recorded in the entire 2014 to 2025 period.
  • Foreign Portfolio Investment dominated in 2025, claiming 85 cents of every dollar imported, up sharply from 68% in 2024.
  • Foreign Direct Investment has remained consistently weak, never exceeding 20% across all eleven years, and falling to just 4% in 2025.
  • The "Others" category, which peaked at 61% in 2023, has collapsed to just 11% in 2025, reflecting a dramatic shift toward portfolio-driven capital flows
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  • Inflows surged from $3.9B in 2023 to $23.2B in 2025, near the all-time record.
  • Banking and financing captured 87% of all inflows.
  • Agriculture got $167M, oil and gas $18M, and construction $6M, .
  • The recovery is real, but it is not yet reaching ordinary Nigerians.
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  • North America leads globally with 60.2% iPhone usage, making it the largest iPhone market.
  • Oceania follows at 58.9%, showing similar consumer preferences to North America.
  • Africa has the lowest iPhone share (14.7%), highlighting a significant adoption gap.
  • Nigeria aligns with the continental trend at 14.1%, reinforcing that the gap is structural, not country-specific.
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Key takeaways:

  • Nigeria recorded its first crude oil imports in a decade in 2025, marking a structural shift in trade dynamics.
  • Imports accounted for 11% of total crude oil trade in 2025.
  • Total crude oil trade grew sharply from ₦7 trillion in 2016 to ₦53.2 trillion in 2025, indicating long-term expansion.
  • Exports remain dominant, contributing ₦47.4 trillion in 2025 despite the emergence of imports.
  • 2024 was the peak year for crude oil trade at ₦55.3 trillion, followed by a slight decline in 2025.
  • The 2020 dip of ₦9.4 trillion highlights vulnerability to global shocks, likely tied to oil price and demand disruptions.
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  • Nominal spending surged, but inflation and naira depreciation eroded real gains. From ₦921 billion in 2012 to ₦6.57 trillion in 2025, the absolute figure may seem dramatic, but Nigeria's security challenges intensified over the same period.
  • Defence commanded over 21% of the budget in 2013. From 2024 to 2026, that figure has fallen below 14%, with 2026 hitting a historic low of 9.3%.
  • Boko Haram, banditry, and separatist tensions peaked in 2020, resulting in a cut that saw defence's share fall to just 9.2%, the lowest on record at that point.
  • The jump to ₦6.57trn (13.2%) in 2025 marks the sharpest year-on-year absolute increase in the dataset. But 2026 reversed this again, with the rate dropping to 9.3%.
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  • The 2019 number revealed the truth — years of underdiagnosis were corrected in a single year when PEPFAR restructured testing entirely.
  • The 76% decline from 2019 to 2024 is one of the most significant HIV reductions in Africa in a single decade.
  • One year of disruption in 2020 erased an entire year of progress, creating a backlog that took until 2022 to clear.
  • With PEPFAR's $1.2 billion pipeline cut, fewer Nigerians are being tested, meaning fewer cases appear on paper while the virus spreads undetected.
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  • Nigeria recorded the largest petrol price increase in Africa, rising 39.5% between February 23 and March 16, 2026.
  • Egypt experienced a 14.3% increase, making it one of the largest price jumps in Africa.
  • Nigeria’s increase is more than double that of Egypt.
  • A number of African countries recorded very small price changes, including Tanzania (2.7%), Morocco (2.1%), and South Africa (1%).
  • A few countries actually saw declines in fuel prices, including Madagascar (-3.9%) and Zambia (-4.6%).
  • During the period, petrol prices remained unchanged in 28 African countries.
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  • 13 out of 35 AFCON tournaments (37.1%) have been won by host nations
  • A larger share — 22 tournaments (62.9%) — were won by visiting teams.
  • The early AFCON years (1960s–1980s) saw more frequent home wins compared to recent decades.
  • Egypt has the most home-soil victories (3), followed by Ghana (2)
  • Despite high expectations, several hosts have failed to win.
  • Hosting provides crowd support and familiarity, but also brings heightened expectations and pressure.
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  • Bola Tinubu won the 2023 election with just 36.6% of the valid votes.
  • There is a clear downward trend in winners’ vote share since 2011, with each election producing a less dominant winner.
  • Peak dominance occurred in 2007, when Umaru Musa Yar'Adua won with 69.6% of the votes.
  • The total votes secured by winners have dropped sharply, from over 24 million (2003–2007) to 8.8 million in 2023.
  • In 2023, over 60% of valid votes went to candidates who lost.
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  • Nigeria’s youngest serving governor is Usman Ahmed Ododo of Kogi state at 48 years old.
  • The oldest serving governors are Bala Mohammed and Hope Uzodimma, both aged 67.
  • President Bola Ahmed Tinubu is 73 years old, making him older than every sitting governor.
  • Tinubu is 25 years older than the youngest governor and six years older than the oldest governors.
  • A number of governors are in their late 50s, including Seyi Makinde, Hyacinth Alia, and Ahmadu Umaru Fintiri.
  • The age distribution suggests that Nigeria’s state leadership is largely dominated by experienced, older political figures rather than younger politicians.
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  • Africa accounts for 3% of Nobel laureates despite being home to 18% of the world's population.
  • South Africa leads with 11 of the continent's 30 wins.
  • Peace accounts for 13 wins, with Africa recognised most for its resilience and moral courage.
  • Science remains the next frontier, with just eight wins across medicine, physics, and chemistry.
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  • Sudan leads globally with 10.1 million IDPs.
  • 6 out of 14 countries with over 1 million IDPs are in Africa.
  • Syria has the highest displacement intensity (26.2% of its population).
  • Nigeria’s 3.6 million IDPs are large in absolute terms but represent only 1.5% of its population.
  • DR Congo (5.2mn) and Somalia (3.5mn) continue to face chronic, multi-year displacement crises.
  • Non-African countries like Colombia (7.1 million) and Ukraine (3.8 million) show that displacement is a global issue.
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  • Company income tax collections rose from ₦1.7tn in 2022 to ₦5.0tn in 2025.
  • Finance & Insurance more than doubled its share, from 12.4% to 30.0%.
  • Finance became the largest single sector in the tax mix by 2025.
  • Manufacturing remained important, but its share fell from 27.9% to 17.7%.
  • ICT saw one of the sharpest declines, from 21.6% to 6.5%.
  • Mining & quarrying gained weight, rising from 8.4% to 14.5%.
  • Wholesale & retail also increased, from 3.6% to 7.0%.
  • The tax base became less evenly distributed across sectors.
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  • Illegal lab-made drugs are Nigeria’s highest-scoring crime market at 8.5.
  • Six other markets score 8.0, showing broad criminal-market severity.
  • Human trafficking remains one of Nigeria’s most entrenched illicit markets.
  • Financial crimes also remain a top-tier threat with a score of 8.0.
  • Resource-related criminality is also severe, with non-renewable resource crimes at 8.0. Wildlife crime is not marginal; it scores 7.5.
  • Cyber-dependent crimes are lower than the top criminal markets, but still elevated at 6.5.
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  • Nigeria’s total VAT rose from ₦2.5tn in 2022 to ₦8.6tn in 2025.
  • VAT collections more than tripled in four years.
  • Local VAT remained the largest source of VAT throughout the period.
  • Local VAT increased from ₦1.5tn to ₦4.5tn.
  • Local VAT averaged 54.4% of total VAT between 2022 and 2025.
  • Import VAT also grew strongly, from ₦521.5bn to ₦2.0tn.
  • Other payment channels rose from ₦510.8bn to ₦2.1tn.
  • VAT growth is increasingly being driven by non-import activity.
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  • In 2025, non-oil export growth (36%) was 6x higher than oil (6%).
  • In 2024, non-oil exports grew by 189% vs oil’s 108%.
  • Total exports still heavily depend on oil.
  • Export value rose from ₦36 trillion in 2023 to ₦85.1 trillion in 2025.
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