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  • Despite the drop in production over the past decade, Nigeria remains Africa's largest oil-producing country. According to data from Trading Economics, it ranked 15th among the world's oil-producing countries as of June 2021. Here are the largest oil-producing countries in Africa:

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    From the initial ₦555 million commitment in the 2016 national budget, Nigeria Air (the national carrier) has received ₦8.957 billion in budgetary allocation as of 2023, with the past four years accounting for more than 80% of the allocation received.

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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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  • In Q1 2024, there was a 146% increase in Nigeria's foreign trade value from ₦12.9t in Q1 2023, with exports reaching ₦19.2t, and surpassing the whole of 2020's exports (₦12.5t).

    The total trade value in the quarter reached nearly half of the total trade 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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  • 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
Global Airlines' revenue from 2019-2024

The International Civil Aviation Day is celebrated every year on December 7. Global Airlines experienced over 100% revenue growth from 2020 to 2023, with passenger revenue, the primary driver of this growth.

Cargo revenue has also contributed significantly to the overall increase. This shows the industry is recovering strongly from the pandemic. Notably, cargo revenue has experienced consistent growth since 2019; even during the COVID-19 pandemic, cargo revenue grew from $101b in 2019 to $140b in 2020.

The airline industry's future looks bright, with continued growth expected in the coming years as forecasted in 2024.

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Births by women aged 15 to 19 (1950-2100)

In many communities across Africa, young girls face societal pressures that often cut short their education and lead to early motherhood. Teenage births have consistently risen since 1950 but are projected to peak at 6.86 million in 2029, after which a gradual decline is expected. This projection, from the United Nations Population Division, offers hope for progress as efforts to empower young women and improve access to education and healthcare take root.

Note: Data for teenage births refers to women aged 15 to 19.

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Top 23 most powerful countries by strength index in 2024

South Africa is rising on the global stage, showcasing its growing influence as it secures its spot as the only African country among the world's top 23 superpowers.

The United States leads with a strength index of 0.89, followed closely by China at 0.80. While traditional powers like Germany and Japan hold their ground, South Africa proudly stands among the top 23 superpowers with a strength index of 0.1. This is the only African country that made the top 23, coming 22nd on the list.

The ranking is based on analysis from Ray Dalio's Great Powers Index 2024. Dalio assessed each nation's strength based on a wide range of metrics, including education, innovation and technology, cost competitiveness, economic output, and military strength.

Note: The Eurozone, ranked third on the list, was removed as it cannot be considered a single country.

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Known for its Elephant Cement brand, Lafarge Africa is on its way to reaching its highest annual revenue in the past decade, with its 2024 9-month revenue outperforming full-year revenues for 2023.

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Lafarge Africa's journey over six decades is a tale of growth, transformation, and significant milestones. From its roots as WAPCO in 1959 to its current position, the company’s evolution continues, with an acquisition by Huaxin Cement in 2024, pending regulatory approval.

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Public officials in Nigeria directly requested 54% of all bribes in 2023

In 2023, 54% of bribes in Nigeria were directly solicited by public officials, while 23% involved subtle hints or indirect demands. Bribes were commonly exchanged in specific locations, with 36% occurring in the homes of public officials and 35% on the streets. These patterns highlight widespread and deeply entrenched corruption across different spheres of interaction.

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Top 31 countries based on the 2024 English Proficiency Index

Nigeria occupies the 30th spot globally in the English Proficiency Index, achieving a score of 557, just behind Kenya (581) and South Africa (594). As one of Africa's linguistic leaders, this ranking highlights Nigeria’s strength in English proficiency, a vital skill driving communication, business, and education across the continent.

This data comes from the EF English Proficiency Index, which aggregated the test results of 2.2m adults from 113 countries and regions. Countries where English is the primary native spoken language are not included in this ranking. Ranks are determined by each country’s average score in the EF Standard English Test (EF SET).

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GDP per capita Nigeria and Africa (2010-2029)
 

Over the years, many African countries, including Nigeria, have experienced economic turbulence caused by fluctuating global markets and domestic challenges. However, amidst these challenges, there’s hope as IMF economic forecasts point toward growth.

According to the IMF, GDP per capita in Nigeria and Africa is projected to increase from 2025 after years of stagnation and decline. Nigeria’s GDP per capita fell sharply from $2,197 in 2022 to $877 in 2024. Encouragingly, growth is expected with projections of $1,047 for Nigeria by 2029, signaling a slow but steady improvement in living standards.

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Fatalities caused by the 50 worst terrorist attacks in 2022

In 2022, the top 50 terrorist attacks claimed 2,088 lives across 11 countries, with African nations significantly affected. Seven of these nations are African, and together they account for over half of the fatalities. Mali alone recorded 421 deaths, Burkina Faso recorded 317 deaths, while Nigeria and Somalia saw 212 and 200 lives lost, respectively.

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71% of households in Nigeria’s North East lack access to electricity

Nearly half (46%) of Nigerian households struggle with electricity access, with the Northern region facing the most significant challenges. The three Northern geopolitical zones have access rates below the national average, whereas South East Nigeria has the highest access, with only 25.4% of households lacking electricity.

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8.4 bribes were paid per bribe-payer in Nigeria's North West

The average number of bribes paid per person in Nigeria marginally reduced from 5.4 to 5.1. However, this decrease had no impact in the North East, where bribe-payers nearly doubled the amount paid in 2019, increasing from 4.5 to 8.4. In contrast, other regions recorded slight declines in bribes paid.

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Modern slavery by regions (2022)

On this International Day for the Abolition of Slavery, it’s important to face the harsh realities of modern slavery worldwide. As of 2022, 22 million people globally were forced into marriages, and 27.6 million were subjected to forced labour. Africa alone accounted for 3.8 million in forced labour and 3.2 million in forced marriages, making up a significant number of this global issue.

Africa’s numbers were lower than Asia & the Pacific’s, with a total of 29.3m modern slaves. In Africa, people face daily struggles in exploitative labour conditions, from children forced to work on farms to women coerced into early or abusive marriages. These realities explain the broader statistics and call for efforts to address modern slavery in all its forms.

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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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  • Gold hit its trough at $1,985/oz in February 2024, marking the low before an uninterrupted rally.
  • After a spring consolidation, gold surged past $2,500/oz in September 2024 (peaking then at $2,546), signaling broadening investor demand.
  • The metal first cracked the $3,000/oz threshold in March 2025 when it reached $3,026, underscoring accelerating momentum.
  • That rally culminated in a new record of $3,323/oz in April 2025, a 67.5% gain from the February 2024 low.
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