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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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    As of 2022, the top five African countries indebted to the World Bank — Nigeria, Egypt, Ethiopia, Kenya, and Tanzania — accounted for 46% of the continent's outstanding debt with the institution.

    Forty-eight African countries collectively owed around $125 billion, representing 31% of the total global debt of $408 billion. These are the top ten countries from 1970 to 2022.

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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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    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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  • 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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  • 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
 
  • Nigeria collected ₦34.62 trillion in company income tax across 45 quarters from Q1 2015 to Q1 2026.
  • Average quarterly collection stood at about ₦769 billion over the period.
  • CIT collections stayed below ₦1 trillion in every quarter until Q2 2023.
  • Since Q2 2024, collections have remained above ₦1 trillion for eight straight quarters.
  • The highest quarterly collection was ₦2.96 trillion in Q3 2025.
  • Annual CIT collections rose sharply from ₦2.82 trillion in 2022 to ₦9.21 trillion in 2025.
  • The recent surge is nominal and likely reflects stronger collections, inflation, naira depreciation, and higher naira-value foreign CIT receipts.
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  • Africa imported merchandise worth $788.9 billion in 2025, representing about 3% of global merchandise imports.
  • South Africa was Africa’s largest merchandise importer, with imports valued at $128.1 billion.
  • Egypt ranked second at $97.5 billion, followed by Morocco at $87.4 billion.
  • The three largest importers accounted for $313 billion, or 39.7% of Africa’s total merchandise imports.
  • South Africa alone accounted for about 16.2% of the continental total.
  • The five largest importers, including Algeria and Nigeria, were responsible for $404.6 billion, or 51.3% of Africa’s imports.
  • Nigeria ranked fifth, with merchandise imports valued at $41.5 billion.
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  • Only 16.9% of Africa’s merchandise exports were sold to other African countries in 2024.
  • Africa had the second-lowest intra-continental export share, ahead only of Oceania’s 4.8%.
  • Europe recorded the highest share at 65.6%, followed by Asia at 58.4% and the Americas at 54.0%.
  • Europe’s intra-continental export share was nearly four times Africa’s.
  • Africa’s share increased from 12.1% in 1995 to 16.9% in 2024, a rise of 4.8 percentage points.
  • Despite this long-term improvement, Africa remained below its 2015 peak of 18.8%.
  • Africa has not crossed the 20% mark at any point in the three decades covered.
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  • Nigeria’s year-on-year food inflation rose for the fourth consecutive month, from 8.89% in January 2026 to 16.96% in May.
  • The rate increased by 8.07 percentage points within the first five months of 2026.
  • May’s 16.96% rate means food prices were, on average, 16.96% higher than they were in May 2025.
  • Food inflation rose from 12.12% in February to 14.31% in March and 16.06% in April before reaching 16.96% in May.
  • Food inflation exceeded Nigeria’s 15.93% headline inflation rate in May, showing that food was a major source of renewed pressure on household expenses.
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  • Nigeria recorded the third-highest food inflation rate among 44 African countries in May 2026.
  • At 16.96%, Nigeria’s rate was lower only than Libya and Malawi, both at 17.6%.
  • Nigeria’s food inflation was nearly 3.5 times the 4.88% average across the countries covered.
  • Eight of the ten countries with the highest food inflation recorded rates above 10%.
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  • Estimated visitor visa fee spending reached $193 million between FY 2018 and FY 2025.
  • Applicants paid the fee whether their visas were approved or refused.
  • Estimated spending peaked at $49.8 million in FY 2018.
  • Spending recovered to $25.1 million in FY 2024 before falling to $23.2 million in FY 2025.
  • The estimates exclude transport, documents, agents, accommodation and other related costs.
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  • Thirteen of Nigeria’s 21 sectors recorded year-on-year declines in CIT collections.
  • Extraterritorial organisations recorded the steepest fall at 53.9%.
  • Construction collections fell by 52.4%, the second-largest decline.
  • Mining and agriculture declined by 39.4% and 40.8%, respectively.
  • Manufacturing still generated ₦74.5 billion despite a 31.0% decline.
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  • U.S. nonimmigrant visa issuances to Africans fell by 23.6% to 413,259.
  • Twenty-five visa categories still recorded increases despite the overall decline.
  • C3 visas posted the largest numerical increase, rising by 949.
  • H2A agricultural worker visas increased by 820 to 15,623.
  • B1/B2 visitor visas recorded the biggest decline, falling by 109,653.
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  • Africa’s merchandise exports reached $689.2 billion in 2025.
  • Exports grew by 9.7%, the fastest rate outside Asia.
  • Africa accounted for just 2.6% of global merchandise exports.
  • South Africa led with $116.4 billion, followed by Nigeria and Egypt.
  • The top 15 economies generated 79.3% of Africa’s exports.
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  • Nigeria recorded a ₦21.03 trillion trade surplus in 2025, the highest in the period shown.
  • The trade surplus remained strong at ₦7.55 trillion in Q1 2026.
  • The latest performance marks a sharp recovery from the deficits recorded in 2020 and 2021.
  • Nigeria’s trade balance moved from near zero in 2023 to large surpluses in 2024 and 2025.
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  • Nigeria has remained in the World Bank’s lower-middle-income category for 17 consecutive years.
  • Eswatini and Morocco have spent at least 38 consecutive years in the category, the longest among African countries.
  • Africa has 23 lower-middle-income economies in the World Bank’s Fiscal Year 2026 classification.
  • Tunisia, Angola, and Namibia entered the category after falling from upper-middle-income status.
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  • African teams have made 49 World Cup appearances, but only 11 campaigns progressed beyond the opening stage.
  • Nigeria leads Africa with three group-stage escapes, despite missing the 2026 tournament.
  • Cameroon, Senegal, Ghana, and Morocco are Africa’s only World Cup quarter-finalists.
  • Morocco remains Africa’s only semi-finalist, while no African team has reached the final.
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  • Mauritius held Africa’s largest US direct investment balance in 2025, at $8.4 billion.
  • South Africa followed with $7.9 billion, ahead of Egypt’s $6.7 billion and Nigeria’s $4.6 billion.
  • Africa’s total balance fell by 8.4% to $37.91 billion, its third consecutive annual decline.
  • The top ten countries held 98% of Africa’s total, leaving only $0.7 billion across the rest.
  • Manufacturing led South Africa’s balance, mining dominated Egypt’s, and holding companies accounted for most of Nigeria’s.
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  • Total received: $125 billion in on-chain value.
  • Stablecoin value: $54 billion, representing 43.2%.
  • Bitcoin comparison: Stablecoins received more than twice Bitcoin’s value.
  • Key driver: Currency depreciation and limited dollar access.
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  • Nigeria recorded its highest refinery throughput since 1990 at 360,000 b/d.
  • Throughput increased by 50.6% from 239,000 b/d in 2024.
  • The 2025 level was more than 20 times the 17,600 b/d recorded in 2023.
  • Nigeria remained Africa’s third-highest, behind Algeria and Egypt.
  • Dangote’s contribution is not reported separately.
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  • Spain replaced Argentina at the top after beating them in the 2026 FIFA World Cup final.
  • Morocco moved from seventh on 11 June to sixth on 20 July, Africa’s highest position in 32 years.
  • Morocco is 0.93 points behind fifth-placed Brazil and remains the only African team in the global top 10.
  • FIFA adds or subtracts points based on match results, match importance and opponent strength.
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  • Government debt across 51 African countries was estimated at $1.93 trillion in 2025.
  • South Africa and Egypt had the largest estimated stocks and jointly accounted for 33.8% of the total.
  • Sudan had the highest debt-to-GDP ratio at 187.6%, followed by Senegal at 130.2%.
  • The estimates use IMF debt ratios and current-dollar GDP, not national authorities’ reported debt stocks.
  • Differences in government coverage, instruments and valuation mean the figures are comparable estimates, not fully harmonised official data.
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  • Ghana recorded the most striking recent growth, reaching 12,825 students in 2024/25.
  • Nigeria remained Africa’s leader with 21,847 students.
  • Nigeria, Ghana, Kenya and Egypt have held the top four positions since 2008/09.
  • Their combined share of African enrolment increased from 46.1% to 60.7%.
  • Africa had 73,406 students enrolled in US higher education in 2024/25.
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