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  • Nigeria's government collected ₦2 trillion in corporate income tax in H1 2023, with a spike from ₦469 billion in Q1 to ₦1.53 trillion in Q2. The corporate tax payments for H1 2023 are higher than any full-year collections from 2015 to 2021.
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    Nigeria's import value increased by 8.7% quarter-on-quarter and 63% year-on-year, reaching ₦14.67 trillion in Q3 2024. China led as the top trading partner with imports valued at ₦3.57 trillion (24%), while Malta rounded out the top five with ₦767 billion (5%).

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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.

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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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    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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  • According to information provided by the West African Examinations Council, out of the 1.6 million candidates who took the WASSCE in 2023, 79.8% got at least five credits, including English language and mathematics, representing the highest percentage in the previous five 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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  • 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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Other Insights

Key takeaways:

  • Ecobank Transnational Incorporated ranks first with total assets of ₦43.3 trillion, marking a 67% increase from 2023.
  • Access Holdings Plc ranked the second-largest bank in 2024, as against the first in 2023.
  • The combined assets of the top five banks amount to ₦171.6 trillion, a 55% increase from 2023.
  • These five institutions represent the largest players in Nigeria’s banking sector by total assets as of 2023 and 2024.
  • The increase in total assets of the top ten banks ranges from 34% to 67% year on year.
  • The assets of the top ten listed public banks rose by 54% in 2024.
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Global monthly cellular data usage by mobile application category (Jan. 2025)
  • Video apps consumed 75.86% of the total global mobile data, making them by far the largest data users.
  • Social networking apps accounted for 7.84% of the total data usage, translating to 11.52 exabytes.
  • The "Others" category, which includes smaller app groups, made up 10.48% of global mobile data usage.
  • Software updates consumed 2.73% of the global mobile data volume, equivalent to 4.01 exabytes.
  • Web browsing took up 1.42% of mobile data use globally, accounting for 2.09 exabytes.
  • Audio apps like streaming music services accounted for 1.20% of the total mobile data usage.
  • File sharing applications consumed just 0.47% of the mobile data globally, indicating a relatively small share compared to other categories.
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Popes in the history of the papacy by their country of origin (as of 2024)
  • Italy alone accounts for 217 popes, dominating papal history more than any other region or country.
  • France, the second-most represented, has had only 16 popes, which is fewer than one-tenth of Italy's total.
  • Germany and Syria have had 6 and 5 popes respectively, reflecting early and medieval Church dynamics.
  • Africa has had just 3 popes.
  • Modern nations like Argentina, Poland, and the Netherlands have produced only 1 pope each.
  • Israel (3), Greece (4), and Turkey (2) are notable for their ancient Christian histories but limited papal presence in modern times.
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  • Nigeria spent $6 million on its first post-independence census in 1962.
  • There is no publicly available data on the amount spent during the 1991 census.
  • By 2006, census spending had surged to $266 million, highlighting a significant increase in the cost of national population counts.
  • The budget for the upcoming 2025 census has not yet been disclosed.
  • In April 2025, President Tinubu inaugurated the National Census Committee and gave a three-week deadline to submit a detailed report.
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Key takeaways:

  • Kano State received the highest allocation at ₦1.23 billion, accounting for 5.7% of the total NPHCDA Gateway fund.
  • Katsina followed closely with an allocation of nearly 4%.
  • Five of the top ten recipient states are from Southern Nigeria, while the other five are from the Northern part of Nigeria.
  • Southern states (Osun, Oyo, Anambra, Akwa Ibom, and Imo) featured prominently, together receiving approximately 19% of the total disbursement.
  • The top ten states collectively received ₦8.30 billion, representing 38.6% of the total fund.
  • In total, ₦21.51 billion was disbursed to all states under the NPHCDA Gateway in 2024.
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  • India led globally for 21 of 24 years, followed by China (2) and Mexico (1)
  • No African country ever topped global remittance inflow rankings
  • Nigeria ranked among the top 10 recipients for several of the years
  • India’s dominance reflects its large global diaspora and steady labour migration
  • China’s brief lead came in the early 2000s but it was overtaken quickly
  • Mexico in the top spot for one year was tied to strong remittance links with the US
  • The top countries rarely changed, showing a stable global remittance pattern
  • Most global leaders have large populations abroad in high-income economies
  • Global remittances remain a major economic lifeline for developing countries
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  • Egypt had the highest total remittance inflows across all years in the dataset.
  • Nigeria was consistently among the top 3 recipients every year, topping the chart for 13 years.
  • Morocco and Ghana showed strong, stable inflows throughout the 2000–2023 period.
  • Kenya and Senegal experienced some of the fastest remittance growth from 2000 to recent years.
  • Rwanda had high percentage growth, though starting from a small base.
  • A noticeable dip occurred in 2020 for most countries, likely linked to COVID-19 — followed by recovery in 2021 and 2022.
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Key takeaways:

  • Kano State received the highest individual allocation, totalling ₦1.43 billion, which accounts for 6% of the overall disbursement.
  • The North-West region received the largest regional share, with ₦7.16 billion of the total NHIA Gateway Fund.
  • The South-West received the smallest regional allocation, amounting to nearly 10% of the total.
  • The top ten recipient states collectively received ₦10.07 billion, representing 42.1% of the entire fund.
  • The Southern regions collectively received 42% of total disbursement.
  • The total NHIA Gateway Fund disbursed in 2024 amounted to ₦23.92 billion.
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Key Takeaways:

  • Kaduna led national corn production on average, contributing 8% of total output, between 450,000 and 947,000 metric tons.
  • Niger, Gombe, Borno, Plateau, and Taraba followed closely, each accounting for 5–6% of the total output on average.
  • Corn production is heavily concentrated in the North-Central and North-East regions.
  • Kaduna and Niger together accounted for 14% of Nigeria’s corn output on average.
  • The top 10 corn-producing states, all located in northern Nigeria, on average contributed 47% of the national total.
  • Southern states such as Osun and Ondo contributed modest but notable shares, each representing 3% of national production on average.
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Key takeaways:

  • Kano State received the highest allocation, totalling ₦2.67 billion, which accounts for 5.9% of the entire fund.
  • Nine out of the top ten recipient states are located in Northern Nigeria.
  • Enugu is the sole Southern state to appear among the top ten beneficiaries.
  • The top ten states collectively received ₦16.94 billion, representing 37.3% of the total fund disbursed.
  • In total, ₦45.43 billion was disbursed to all 36 states and the FCT in 2024.
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Key Takeaways:

  • Cameroon’s IMF debt decreased from SDR 70.6 million in 2016 to SDR 49.1 million in 2017—a 30% reduction.
  • From 2018 onwards, the country experienced steady increases in outstanding debt.
  • After an initial 30% reduction from 2016 to 2017, debt skyrocketed by 380% in just one year (2017-2018).
  • By March 2025, Cameroon’s outstanding debt had reached SDR 1.18 billion, representing a staggering SDR 1.13 billion increase from its 2017 level.
  • Although the pace of accumulation has moderated in recent years, the overall debt trend remains upward.
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Key Takeaways:

  • The Democratic Republic of Congo (DRC) reduced its external debt significantly from SDR 263 million in 2016 to SDR 69.3 million by 2019.
  • A sharp reversal occurred in 2020, with debt surging by 327% within a single year, from SDR 69.3 million in 2019 to SDR 296.2 million.
  • Over the decade from 2016 to 2025, the country’s debt increased by 580%, reaching SDR 1.79 billion by March 2025.
  • From 2020 to 2025, the DRC has accumulated over SDR 1.49 billion in new debt.
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  • Algeria’s GDP per capita more than tripled in 25 years, rising from $1,772.9 in 2000 to $5,631.2 in 2024.
  • The 2000s boom saw rapid growth, peaking at $5,180.9 in 2008, fuelled by high oil and gas prices.
  • Between 2014 and 2016, GDP per capita fell from $6,094.7 to $4,425.0, reflecting oil price collapses and domestic fiscal strain.
  • After pandemic-era lows in 2020 ($3,743.5), Algeria rebounded to its second-highest level on record in 2024 ($5,631.2), regaining its regional standing.
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  • Egypt’s GDP per capita grew from $1,366 in 2000 to $3,339 in 2024, a 144% increase over 25 years.
  • The economy peaked at $4,233 in 2022, marking the highest point in the series before a two-year decline.
  • Sustained growth was driven by the 2000s and 2010s, with resilience after the 2008 financial crisis and Arab Spring disruptions.
  • The dip after 2022 reflects external pressures, currency adjustments, and inflationary challenges, though per capita levels remain well above early 2000s baselines.
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  • The United States dominates global natural gas production in 2024, contributing 1.03 trillion cubic metres (Tcm), nearly one-quarter of the world’s total.

  • Russia (0.63Tcm) and Iran (0.26Tcm) follow as the second and third largest producers.

  • China (0.25Tcm) and Canada (0.19Tcm) also feature strongly, rounding out the top five producers.

  • Collectively, these top five countries account for more than 50% of global production.

  • Emerging producers like Nigeria, Egypt, and Azerbaijan contribute significantly to the supply but remain far behind the leading nations.

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  • Burundi recorded its highest GDP per capita in 2015 ($280.97).

  • By 2024, GDP per capita dropped to $153.93, a decline of nearly 45% from its peak.

  • Burundi’s population exceeds 13 million (2024), which dilutes income per person even when overall GDP grows.

  • Structural challenges like limited industrialization, reliance on subsistence farming, and political instability contribute to stagnation.

  • Since 2015, Burundi has held the lowest GDP per capita in Africa—and at $153.9 in 2024, it is the poorest country in the world by GDP per capita.

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  • Zimbabwe’s GDP per capita nearly quintupled since 2000, marking a 472% increase over 25 years.
  • The country's GDP per capita declined consistently from 2001 to 2008.
  • It soared to $3,448.1 in 2017, which is still the highest in the country's history.
  • The GDP per capita plummeted to $2,271.9 in 2019, recording a (34.1%) decrease.
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  • China continued to lead globally with the highest number of international scholars in the US, with almost 21% of the international scholars as of 2023/2024.
  • China has been the lead country with the highest number of scholars in the US globally in the last 24 years.
  • India is next after China, with 17,735 scholars in US who hailed from India making up 15.8% of the population.
  • Only 1% of the scholars in the US are from Nigeria
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