Since 2015, electricity revenue in Nigeria has been on the rise, with 8.7% in 2015 the lowest increase and 45% in 2021, the highest.
Of the ₦7.98 trillion generated in the last 8 years, 53% (₦4.2 trillion) was generated in the last 3 years (2020, 2021, and 2022) combined.Per several news sources, there was an increase in electricity tariff in 6 of Nigeria's 11 Distribution Companies in January 2022, resulting in an 8.8% increase in revenue despite a 6.6% decrease in electricity billed in the year.
The cost of cooking gas nationwide increased from an average of ₦10.3k in March 2023 to nearly ₦16k in March 2024.
However, the northern regions had the most affordable prices. The North East had the lowest average price of ₦14.9k for a 12.5kg cylinder.
In Katsina, the average price for 12.5kg of cooking gas was ₦12,400 as of March 2024, the lowest in the country.
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.
In 2023, 1.17 billion smartphones were shipped globally. Samsung and Apple maintained their stronghold on the smartphone market, collectively accounting for 38%, with each brand capturing 19%.
Xiaomi maintained a 12% share after peaking at 14% in 2021. Apple's market share shows a gradual increase from 2020, reaching 19% in 2022 and 2023.
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.
On average, customers under the Jos Electricity Distribution Company are paying the highest for electricity in Nigeria as of 2021, followed by Port Harcourt Electricity Distribution Company. Eko Electricity Distribution Company charges the lowest, on average.
The world's top ten semiconductor vendors control nearly 50% of the market share. Intel has maintained its position as the market leader, though its share has declined significantly from 15.4% in 2013 to 9.1% in 2023, and Samsung Electronics, its closest rival, has experienced a similar downward trend.
Apple and Nvidia have emerged as formidable contenders in the semiconductor business, joining the ranks of leading players in less than five years.
