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  • Nigerian students of Bini/Edo ethnicity had the highest tertiary institution completion rate as of 2013. Igbo, Ebira/Igbira, Ibibio, and Yoruba were notable ethnic groups in the top five. Which ethnic group do you think currently leads Nigeria's tertiary institution completion?
    As of 2013, for a programme lasting at least four years, 21% of students from the Bini/Edo aged 25 to 29 completed their studies; for students between 30 and 34, it was 17%.
    However, for those between 25 and 29 in a programme lasting at least two years, the Ebira/Igbira led with 41%, followed by Bini/Edo with 35%.
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    According to a recent Cable.co.uk study, Sudan has the cheapest broadband options in 2023, with an average monthly cost of just $2.30.

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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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    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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  • Every Nigerian president since 1999 left office with a higher dollar to naira exchange rate than when they took office. Will President Tinubu's tenure be the exception?

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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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  • Jumia Group's quarterly active customers recorded steady growth for five consecutive quarters between Q1 2019 and Q2 2020. It also recorded growth in orders for three consecutive quarters in the same period. Jumia recorded its biggest percentage drop in active customers in Q4 2020.
    The eCommerce giant's biggest order volume was recorded in Q4 2021 with 11.3 million, followed by 10.3 million in Q2 2022. Q4 2021 and Q2 2022 were the only times that Jumia's order volume hit 8 figures in a quarter since Q1 2019.

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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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  • 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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Other Insights
 
Between 2017 and 2022, the Nigerian Postal Service (NIPOST) recorded 1.4% revenue growth only in 2018. NIPOST's revenue has gradually declined from ₦8.8 billion in 2016 to ₦3 billion in 2022, representing a 66% drop. Here are NIPOST's revenues since 2016.
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African countries grew their presence in the global chocolate industry in 2022, with Nigeria's export value increasing by 652%. Here are Africa's top chocolate exporting countries in the past year.
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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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In Q2 2023, Nigeria collected 10% more VAT than in the first quarter, 30% more than in Q2 2022, 53% more than in Q2 2021, and 555% more than 40 quarters ago in Q2 2013. Do you see VAT collections reaching one trillion naira soon?

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Have you ever considered how much larger the US GDP is in comparison to Nigeria's? Although it would be difficult to compare Nigeria's GDP to that of the US, let's assume it increases by 3.68% annually. How long would it take the nation's GDP to match that of the US in 2022?
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In Q2 2023, the hospitality sector, which includes accommodation and food services, on the other hand, experienced a slowdown and saw its GDP share decrease. Other sectors include the arts, entertainment, and recreation, as well as education.
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Nigeria's GDP increased in Q2 2023, with certain sectors prospering and others failing. Utility industries made significant gains that helped economic growth.
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Based on information from Comité Champagne, 42 African nations imported 5.1 million 75cl bottles of champagne in 2022 for a total of €134.8 million. Find out more here: bit.ly/3qAs8jO

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Nigerians made up 6.5% of international students in the United Kingdom as of 2022
 
In the 2021/2022 academic year, 2.86 million students studied in UK's higher education institutions, with 680k (23.8%) being international students. Nigerians accounted for 44k (6.5%) of overseas students in the UK, trailing China's 151k (22.3%) and India's 126k (18.6%).
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Over the past ten years, there has been a rising trend of fraud and forgery cases in Nigerian banks. Although there was an 88% increase in reported cases in 2021, there was a 27% decrease in 2022, resulting in a 221% increase in financial losses of ₦9.5 billion.
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Over the past ten years, there has been a rising trend of fraud and forgery cases in Nigerian banks. Although there was an 88% increase in reported cases in 2021, there was a 27% decrease in 2022, resulting in a 221% increase in financial losses of ₦9.5 billion.

Eighty-six (86%) of the money involved in these cases was recovered thanks to banks' internal control techniques and assistance from relevant government agencies; ₦45 billion remains unrecovered.

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Following the May 29th announcement of fuel subsidy removal, which took effect on July 1st, transit fares increased drastically in June. Average bus fares within the city increased by 97.9%, while intercity bus trips increased by 42.1%.
Motorcycle (Okada) services witnessed a 33.1% increase in rates, while waterway passenger transport costs increased by 30.7%; air travel on specified routes saw a 4.9% increase in fares.
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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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