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  • As of May 2021, 54.69 million Nigerians had been enrolled in the National Identity Management Commission (NIMC) database. Here is the total number of registered Nigerians over the years.
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    Canada granted permanent residency to 471.8k individuals in 2023, with Indian citizens leading with nearly 30% of the total.

    Nigeria (3.7%), Cameroon (2.5%), and Eritrea (2.3%) were in the top ten recipients.

     

     

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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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  • The value of transactions conducted over Unstructured Supplementary Service Data (USSD) in Nigeria in 2021 was ₦5.2 trillion, 73% higher than 2020 figures. The total transaction value dropped by ₦685 billion in 2022, a 13.3% decline. The transaction volume also witnessed a 6% decline.

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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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Other Insights
Crypto ownership by continent
 
  • Asia has the highest number of crypto owners globally, with 326.8 million individuals
  • Despite having the smallest crypto user base (3 million), Oceania experienced explosive 1-year growth of 114.3% in crypto ownership between 2023 and 2024.
  • Africa’s crypto ownership grew by just 8.5% over the past year, the lowest among all regions, with 43.5 million individuals owning cryptocurrency.
  • While some regions like Oceania and South America are experiencing rapid growth, Africa's slower adoption indicates barriers such as infrastructure and regulatory challenges.
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  • Between 2008 and 2015, Nigeria experienced consistent trade surpluses.
  • In 2023, Nigeria recorded the least trade surplus in 16 years since 2008.
  • Nigeria recorded trade deficits in three years (2016, 2020, and 2021) since 2008.
  • 2021's ₦1.9 trillion deficit marked a downturn in trade performance
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  • Lagos State Assembly added an extra ₦360b to the 2025 budget, more than four of the top states combined.
  • Yobe State Assembly is the only state legislative arm that passed a lower amount than the proposed figure.
  • Three of the top five states with the largest difference between presented and approved budgets are in the southern part of the country.
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  • With a score of 0.935, Iceland continues to set the benchmark for gender equality.
  • Namibia (0.805) and Nicaragua (0.811) are redefining expectations, proving that gender equality is not just a goal for wealthier nations but a global priority.
  • Germany (0.810), Ireland (0.802), and Lithuania (0.793) highlight Europe’s dominant role in advancing gender parity, setting examples for other regions.
  • Namibia (0.805) and South Africa (0.785) represent two of Africa’s most gender-equal societies.
  • Nigeria has a score of 0.65, making it the 125th country worldwide
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Number of dentists in Nigeria's geopolitical zones as of 2022 (share of total)
 
  • There are 3,112 dentists in Nigeria as of 2022, highlighting the limited availability of dental professionals in a population of over 200 million.
  • The Southwest geopolitical zone has the highest number of dentists, totaling 1,176 (37.8%), indicating a concentration of dental services in this region.
  • Collectively, the North (Northwest, North Central, and Northeast) has only 687 dentists, which is approximately 22% of the total, showcasing significant regional disparities in healthcare access.
  • The Southeast zone has the fewest dentists, with only 141 (4.5%), underlining a shortage of dental professionals in this region.
  • The concentration of dentists in zones like the Southwest likely reflects urbanization trends, leaving rural areas in other regions underserved.
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  • Two of the top five markets by ARPU are in its Southern African region.
  • Two of the top three markets by ARPU are units that are operating as joint ventures
  • Nine markets are less than the group's ARPU
  • Benin recorded the highest ARPU across its West African markets
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Francophone Africa startup deals by sectors (2024)
  • Mobility led 2024’s startup funding in Francophone Africa with two deals at a value of $20.5M.
  • Fintech had the highest number of deals at 7, but with a lower total value than Mobility.
  • Cloud Services, Communications, and eCommerce each attracted over $3M from just one deal.
  • Agritech recorded the lowest funding at only $0.2M, despite being a vital sector.
  • Logistics, Healthtech, and HR/Payroll sectors saw two deals each, but with moderate funding.
  • Electric Motorcycle and Eyewear startups each secured $2M–$3M in one-off deals, showing niche interest.
  • Digital Health drew limited attention in both deal count and funding, signalling untapped or underdeveloped potential.
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Nigeria’s official exchange rate (Nigerian naira per US$), 2015 - 2024
  • The Nigerian naira depreciated by a record-breaking 129.23% in 2024, the highest drop in the last decade.
  • From 2015 to 2022, the naira's depreciation was relatively controlled, rarely exceeding 20% year-on-year.
  • The exchange rate remained nearly flat from 2017 to 2019, showing signs of stability.
  • In 2023, the naira lost over half its value (51.46%), marking the beginning of the current volatility wave.
  • The exchange rate crossed the ₦1,000/$ threshold in 2024 for the first time in history.
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Key Takeaways:
  • Electrical and electronic equipment was China’s top export to Nigeria, valued at $2.88 billion.
  • The top five export categories (electrical equipment, machinery, vehicles, plastics, and iron/steel products) together accounted for over $8.78 billion, representing around 44% of total exports.
  • Industrial goods such as machinery and steel, along with manufactured consumer goods, dominate China’s export portfolio.
  • Products like apparel, synthetic materials, and household items featured strongly among the top export categories.
  • In total, China exported goods worth $20.18 billion to Nigeria in 2023.
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Key Takeaways:
  • In 2023, China imported $1.41 billion worth of mineral fuels and oils from Nigeria, making it the leading import category.
  • The top three import categories (mineral fuels, ores, and salt/earth materials) together made up nearly 89% of the total import value.
  • Nigeria’s exports to China are largely raw materials and natural resources, with minimal contribution from manufactured goods.
  • The top ten product categories accounted for almost 99% of China’s total imports from Nigeria.
  • Agricultural and animal products such as oil seeds, raw hides, and spices also formed part of Nigeria’s export portfolio.
  • China’s total imports from Nigeria were valued at $2.37 billion in 2023.
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Key Takeaways:
  • In 2023, China’s exports to Nigeria totaled $20.18 billion, while imports from Nigeria reached only $2.37 billion.
  • China’s trade surplus with Nigeria amounted to approximately $17.8 billion.
  • Chinese exports accounted for 89.5% of the total bilateral trade, with Nigerian exports making up just 10.5%.
  • The trade imbalance underscores Nigeria’s strong dependence on Chinese goods and industrial inputs.
  • For every $1 Nigeria exports to China, it imports $8.50 worth of Chinese products.
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Somalia’s official exchange rate (Somali Shilling per US$), 2015 - 2024
  • Somalia’s currency has depreciated by 26.4% between 2015 and 2024.
  • The sharpest yearly depreciation was in 2019, at 4.64%.
  • From 2020 to 2021, the SOS saw its smallest year-on-year shift at 1.08%.
  • Despite fluctuations, every year from 2015 to 2024 recorded a net increase in SOS per US$.
  • 2017 recorded near-stable currency performance with just a 0.16% change from the previous year.
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