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  • Nigeria imported hair products such as wigs, false beards, eyebrows, eyelashes, and others worth $5.1 million in 2022, with 94.7% coming from China. Here are the countries from which Nigeria imported these products.

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    Figures as of December 2022 show that Nigeria's millionaires decreased by 30% between 2012 and 2022, indicating a significant shift in the dynamics of wealth. Mauritius saw a noteworthy increase of 69%, with Kenya recording a 30% growth.
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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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    Inflation rate in Nigeria increased to 31.7% in February 2024. Nigeria has the 13th highest inflation rate out of 186 countries and territories as of February 2024.

    The data showcases Argentina leading with 276%, followed by Lebanon and Syria. Seven of the top fifteen are African.

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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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    Top ten African countries by estimated number of films produced annually

    The Nigerian movie industry, mainly financed via public or private funding and international grants, produces the most films in Africa, yearly. Nigeria produced more than double the number of films that the Ghanaian and Kenyan movie industries produce annually.

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  • top-15-african-countries-by-number-of-medical-doctors-per-10000-people-as-of-2022

    As of 2022, only seven African countries met the WHO's recommended doctor-to-population ratio of 10 doctors per 10,000 people.

    Cape Verde, Seychelles, Libya, Eswatini, Tunisia, Mauritius, and Algeria are leading the way in healthcare accessibility in Africa. However, the continent still averages only 2.6 doctors per 10,000 people.

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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.

    See more

Other Insights
Primary school education is 4.5 times more expensive in Nigeria’s South South than in the North East

The cost of primary school education in Nigeria varies significantly across geopolitical zones. The cost, which factors in tuition fees, learning materials, uniforms, etc., is highest in the South South at ₦43,783, while the North East has the lowest at ₦9,562.

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NIN enrolment by gender (2019-2022)

New NIN enrolments increased by over fivefold in 2021, reaching 27.1 million. Interestingly, women were responsible for this surge. For many Nigerians, 2021 marked a race against deadlines as NIN registration became mandatory for critical requirements, including SIM card usage and registration. This urgency drove the record-breaking numbers. The number started falling in subsequent years (from 2022), with 22.2 million total new enrolments in 2022 and 10.13 million (according to Punch News) new enrolments in 2023.

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44% of female children aged 5-14 in North West Nigeria are out of school

Ninety-eight per cent of children aged 5 to 14 in the South East and South South zones are enroled in school, compared to significantly lower numbers in the North. For example, in the North East, only 56% of female children are in school.

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The cost of 1GB of mobile data in selected countries

The cost of accessing the Internet isn't the same everywhere. In Switzerland, 1GB of mobile data costs $7.29, the most expensive globally, while Nigeria stands at just $0.38, which is 15 times less than the cost in the United States ($6.00). Meanwhile, Israel offers the cheapest deal at only $0.02 per GB. There is a more moderate global average at $2.59.

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Real GDP Growth projection across regions (2023 - 2025)
 

The Nigerian economy shows promise as the IMF projects an increase in the country's GDP growth, rising to 3.2% in 2025. This comes when projections show stagnant global growth at 3.2%, while sub-Saharan Africa outpaces other regions with an anticipated rise to 4.2% by 2025.

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South Africa leads the continent's market, with 41 data centres. It has more data centres than Nigeria (15) and Kenya (16), its closest competitors.

Africa's data centre market is nascent, with less than 200 centres.

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Since the 2007/08 academic year, Nigeria has consistently held the top spot for the number of African international students in the US. Before this, Kenya and Egypt also led in certain periods.

This trend highlights the evolving landscape of African students pursuing education in the US over the decades.

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Top 15 African countries with the most students in US higher institutions (2023/24)

Nigeria remains the leading African country of origin for students in the US, with over 20,000 enrolled this year.

Ghana, however, recorded the continent's fastest growth rate at 45%. This increase of over 2,900 students brought Ghana’s total to nearly 9,400, making it the second-largest source of African students in the US.

Nigeria also saw a 13.5% rise, adding more than 2,380 students year-over-year.

Overall, the number of students from African countries in the US grew by nearly 12% in the 2023/24 academic year.

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From the early 1960s through the 1990s, Ethiopia's cattle population growth placed it at the forefront of African livestock rearers, holding the top position with millions of cattle.

This leadership continued into the 2000s, reflecting Ethiopia's robust cattle industry on the continent. Sudan managed to take the top position a few times, mostly around the 2000s.

However, Ethiopia quickly reclaimed the top spot. Nigeria's cattle population grew from about 6.03 million in 1961 to 20.9 million in 2022, claiming 6th position in Africa as of 2022.

Africa accounted for one-fourth of the global cattle population as of 2022.

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Until 1976, Ghana was the world’s largest cocoa producer, with an average annual output of 410,000 tonnes. However, Ghana lost this lead when production fell to 277,000 tonnes in 1997, allowing Côte d'Ivoire and Brazil to overtake.

Since 1977, Côte d'Ivoire has led global cocoa production, increasing its output by 634%.

Nigeria’s cocoa production peaked at 485,000 tonnes in 2006, consistently ranking among the top ten producers.

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21% of the ₦17.67 billion lost to fraud in 2023 was recorded in October totaling ₦3.76 billion

Fraud data submitted to the Nigeria Inter-Bank Settlement System by financial institutions in 2023 reveals that customers lost ₦17.67 billion across 95,630 cases, with the highest loss of ₦3.76 billion occurring in October 2023

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Key takeaways:
  • In February 2025, Samsung and Apple dominate the mobile market in Africa.
  • Samsung leads with a 29.80% share of the continent's mobile market based on usage.
  • Apple ranks second with a 13.27% share, demonstrating resilience in markets sensitive to pricing.
  • Collectively, Chinese manufacturers hold more than 45% of the mobile market in Africa.
  • Brands under Transsion Holdings (Tecno, Infinix, Itel) together represent nearly 25% of the total market share based on usage.
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Key Takeaways:
  • In 2023, Kiribati spent the largest % of its GDP on education, amounting to 16.39%.
  • Kiribati, Tuvalu, and Vanuatu each allocated over 10% of their GDP to education.
  • Bolivia and the Solomon Islands each directed around 8.3% of their GDP spending towards education.
  • The top ten countries dedicated approximately 6.6% to 16.4% of their GDP to education.
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  • Lagos carried the South-West VAT burden, remitting ₦305.52B (89.6% of the region's total) but receiving only ₦62.59B (20.5% return), making it the highest net contributor in Nigeria.
  • Osun had the most disproportionate gain, remitting a mere ₦590M but receiving ₦7.73B, an astronomical 1,211% return—the highest redistribution gain in the South-West.
  • The entire South-West remitted ₦341.18B but received only ₦106.85B, meaning it got back just ₦0.31 for every ₦1 contributed, highlighting a severe VAT allocation imbalance.
  • Ondo and Ogun remitted only ₦3.3B but received ₦16B combined, far exceeding their generated VAT, while Lagos alone subsidised most of the allocations across the country.
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  • The South-East remitted ₦10.94 billion in VAT but received ₦39.15 billion, a 257.7% increase, showing a high reliance on VAT sharing.
  • Abia, the lowest contributor (₦734M), received ₦7.29B, nearly 10× its remittance, making it the biggest relative beneficiary in the region.
  • Anambra, the highest contributor (₦3.56B), received only ₦8.72B, showing a sharing trend where high-contributing states do not necessarily receive the most.
  • Every South-East state received at least 2× what they remitted, with an average allocation of ₦7.83B despite an average contribution of just ₦2.19B.
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  • The North-West region received ₦66.55 billion, more than double its remittance (₦28.31B), showing a heavy reliance on federal VAT sharing.
  • Zamfara, the lowest contributor (₦1.45B), received the highest percentage gain (+433%), getting ₦7.72B, while Kano, the highest contributor (₦9.59B), had the smallest relative gain (+41.5%).
  • Kaduna and Katsina, despite remitting ₦3.50B and ₦3.86B, received ₦10.18B and ₦10.01B, respectively, nearly tripling their remittance.
  • Kano remitted 34% of the zone’s VAT but received only 20.4% of the total allocation, reinforcing that VAT is distributed based on equality and not economic strength.
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  • The North-East remitted only ₦14.98 billion but received ₦46.68 billion, showing a 211.6% gain due to sharing.
  • Taraba, the lowest contributor (₦0.94 billion), saw the highest percentage gain (635%) with an allocation of ₦6.91 billion, reinforcing that smaller economies benefit the most from VAT sharing.
  • Bauchi, despite remitting just ₦2.44 billion, received the highest allocation (₦8.93 billion), a 266% increase, illustrating how VAT is shared based on equality and population, not economic activity.
  • Every state in the region received at least 2× what they remitted, highlighting the North East’s reliance on VAT sharing and fuelling the fiscal federalism debate on whether VAT should be retained at the state level.
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