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  • 68% of Nigeria's capital imports in Q1 went to three sectors - banking, production, and IT services

    Most of Nigeria's capital imports in the first quarter of 2023 were directed toward three sectors. The banking sector got the most investments with $304 million, accounting for 27%, and the production and IT services sectors followed, with 22% and 19%, respectively.

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    On average, the agricultural sector contributed 24.87% to Nigeria's GDP over the past decade. However, the sector's contribution has been declining since 2020, dropping from 26.21% to 25.18% in 2023.
    The sector’s contribution grew between 2014 and 2020, rising from 22.9% to 26.21%. The sector has been plagued with challenges over the past decade, with a couple of them becoming more intense in the past few years

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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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    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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  • 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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  • 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.

    See more
Other Insights
 
  • The United Kingdom accounted for over 62% of total capital imports into Nigeria in Q1 2025.
  • South Africa and Mauritius are the only African countries in the top 10, ranking 2nd and 3rd respectively.
  • Traditional powerhouses like the US and UAE contributed significantly less than the UK.
  • Emerging markets like the Cayman Islands and Singapore also made the list, reflecting Nigeria’s diverse capital origin base.
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  • Nigeria now has 7 AfroBasket titles, with five consecutive wins from 2017 to 2025.
  • Senegal leads the all-time chart with 11 titles, last winning in 2015.
  • Only three countries, Senegal, Nigeria, and Congo have more than two titles.
  • Nigeria is the only team to win five consecutive titles in a row.
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  • Nigeria’s capital importation fell from $21.3 billion in 2013 to $12.3 billion in 2024, marking a 42% decline over the 12-year period.
  • After four years of consistent decline, capital inflows surged by 215% in 2024, rising from $3.9 billion in 2023 to $12.3 billion.
  • The data reflects sharp swings, with 2019 peaking at $24 billion, followed by a 60% plunge in 2020 due to global and domestic disruptions.
  • In 2023, capital imports plummeted to their lowest point of the 12-year period, reaching just $3.9 billion.
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  • Nigeria recorded $126.3 million in foreign direct investment during Q1 2025, comprising 2.2% of the country's total capital importation.
  • Equity investment was the primary FDI channel, accounting for $124.31 million or 98.4% of the total FDI.
  • "Other Capital" (possibly intra-company loans or reinvested earnings) contributed just $1.98 million, a marginal 1.6% share.
  • The dominance of equity suggests that foreign investors are committing more to long-term ownership and participation in Nigerian businesses rather than short-term financing
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  • Nigeria recorded $5.64 billion in total capital importation in Q1 2025.
  • Portfolio investment alone contributed a massive $5.2 billion, 92.3% of total inflows.
  • FDI contributed just $126.29 million, making up only 2.2% of total capital importation.
  • Loans totalled $311.17 million, accounting for 5.5% of the total inflow.
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  • Nigeria attracted $5.2 billion in portfolio inflows in Q1 2025, making up 92.3% of all capital importation.
  • With $4.2 billion, money market instruments accounted for a dominant 80.9% of portfolio investments.
  • Bonds contributed $877.4 million, roughly 16.8% of portfolio inflows.
  • Equities saw the smallest share, at $117.3 million or just 2.3% of portfolio capital inflows.
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  • Nigeria’s GDP per capita stayed above the Sub-Saharan African average from 2002 to 2023.
  • In 2014, Nigeria peaked at $3,088.7, far ahead of the region’s $1,886.5.
  • The post-2014 oil crash triggered a prolonged economic slide for Nigeria.
  • By 2023, Nigeria ($1,596.6) and Sub-Saharan Africa ($1,580.8) were nearly identical.
  • In 2024, Nigeria fell sharply to $806.9, $710 below the regional average of $1,516.4, its widest gap in over two decades.
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  • Coal contributes a staggering 81.8% of South Africa’s total electricity generation.
  • Renewables remain marginal, with wind, solar photovoltaic (PV), and solar thermal collectively accounting for less than 8%.
  • Nuclear power holds a modest role, supplying 3.73% of the total output.
  • Hydropower and oil are limited contributors, together making up just over 6%.
  • Clean energy is growing, but slowly, with solar photovoltaic (PV) and wind leading the charge among non-fossil sources.
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  • Between 2000 and 2008, Ghana’s GDP per capita rose from $253.7 to $1,182.7, more than quadrupling in just nine years.
  • It peaked in 2013 at $2,294.8 but declined sharply after 2014.
  • After a dip in 2022, it rebounded to $2,405.8 in 2024, nearly 10 times higher than the figure in 2000.
  • The declines seen in 2009, 2015, and 2022 mirror global and local crises, including the 2008 financial crash, commodity shocks, and post-COVID disruptions.
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  • The Western Pacific Region is projected to lead globally in nursing personnel by 2030, with an estimated 9.7 million nurses — more than Africa and Southeast Asia combined.
  • The Americas (8.9M) and Europe (8.2M) are expected to follow, maintaining high nurse-to-population ratios.
  • Africa (2.1M) and the Eastern Mediterranean (1.5M) are projected to remain lowest, despite growing health needs.
  • South-East Asia (5.5M) shows steady growth but still lags behind the top three regions.
  • The global nursing workforce is projected to reach 35.9 million by 2030, up 73% from 2013 — but growth remains uneven.
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  • Company Income Tax (Non-Oil) emerged as the largest contributor, accounting for over 30% of total tax revenue.
  • NCS-Import VAT followed closely, contributing 23.63%, emphasising the significance of import-related taxes to Nigeria's revenue.
  • Traditional oil-based taxes such as Petroleum Profit Tax/Hydrocarbon Tax and CIT (Oil & Gas) jointly contributed over 26%, showing that oil remains a vital but declining pillar.
  • Newer tax streams like the Electronic Money Transfer Levy and NASENI (National Agency for Science and Engineering Infrastructure) funding have emerged, but still make up less than 2% of total revenue.
  • Minor tax categories like Capital Gains Tax, NITDEF (National Information Technology Development Fund), and NPTFL (Nigeria Police Trust Fund) had negligible impact, each contributing less than 0.5%
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  • The United States of America led the production of black liquor with 696.0PJ produced, making up 38.9% of the global total produced in 2023.
  • South Africa is the only African country producing black liquor with 16.4PJ produced, making up 1% of the global total.
  • The total amount of black liquor produced globally in 2023 was 1,787PJ.
  • Sweden, Canada, Finland and Japan produced 185.1PJ (10.4%), 157.9PJ (8.8%), 142.5PJ (8.0%), and 133.0PJ (7.4%), respectively.
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  • For every $1 Ghana earns from pharmaceutical exports, it spends about $22 on imports, underscoring the country’s overwhelming dependence on foreign pharmaceutical products.
  • Ghana is a net importer of medicine and has been for nearly two decades.
  • By 2015, Ghana’s pharmaceutical imports reached its peak with $348.12m while exports were $3.10m, meaning imports were nearly 100 times larger.
  • In 2016, Ghana recorded its highest-ever export performance at $78.33 million, but even then, imports stood at $154.96m, almost two times higher.
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  • In 2023, Ghana recorded $91.9m in ceramic exports, amassing $19.9m profit, after 17 years of consistent trade losses and heavy dependence on imported ceramic products.
  • For 17 years, Ghana’s ceramic market was largely import-driven, with local industries struggling to compete against foreign products.
  • Ghana's ceramic products trade recorded $1.397 billion in trade deficit in almost two decades.
  • Ghana's ceramic industry has finally moved from dependency to a driver of profit and progress.
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  • Over the past two decades, Egypt exported roughly twice as much ceramic products as it imported, positioning itself as a key player in regional and global ceramic products trade.
  • In 2012, exports peaked at $488.51 million, more than double imports at $178.23 million, setting a clear demonstration of strong industrial and commodity output.
  • In 2008, exports soared to $325.86 million, more than doubling imports at $126.21 million.
  • Between 2017 and 2021, the export sector showed stable performance, averaging $327 million annually.
  • The year 2021 was a standout, with exports reaching $401.12 million, reflecting a strong rebound that reaffirmed Egypt’s export capacity post-pandemic.
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  • The South-West recorded the highest domestic debt stock of approximately ₦1.43 trillion, largely powered by Lagos State’s ₦1.04 trillion debt.
  • The South-South ranks second with ₦968 billion, led by Rivers State’s ₦364.4 billion, reflecting major infrastructure and fiscal commitments.
  • The North-Central (₦520 billion) and North-East (₦450 billion) show moderate borrowing compared to their southern counterparts.
  • The North-West records the smallest combined debt stock at ₦223 billion, indicating a relatively conservative borrowing posture.
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  • Enugu State holds the highest domestic debt in the South-East at ₦180.5 billion.
  • Imo ranks second with ₦97.9 billion, about 54% lower than Enugu’s figure.
  • At ₦15.8 billion, Ebonyi remains the least indebted in the region, maintaining a conservative borrowing stance.
  • Combined, the five South-East states (Enugu, Imo, Abia, Anambra, and Ebonyi) owe roughly ₦371 billion domestically as of Q2 2025.
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  • Bayelsa holds the lowest debt with ₦65.9 billion.
  • Rivers’ ₦364.4 billion domestic debt is almost six times Bayelsa’s total, highlighting major fiscal disparities.
  • Delta (₦204.7 billion) and Cross River (₦147.3 billion) remain among the region’s more indebted states
  • Regional debt approaches ₦1 trillion: The six South-South states collectively hold an estimated ₦968 billion in domestic debt as of Q2 2025.
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