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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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    Figures as of December 2022 show that Nigeria's millionaires decreased by 30% between 2012 and 2022, indicating a significant shift in the dynamics of wealth. Mauritius saw a noteworthy increase of 69%, with Kenya recording a 30% growth.
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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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    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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  • 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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    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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  • Global inflows of foreign direct investment fell by 12% in 2022, and Africa saw a 44% decline from $80 billion in 2021 to $45 billion. According to UNCTAD data, only two of Africa's five major regions — North and East Africa — saw a rise in FDI in 2022.
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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
 
  • The United States leads with a massive $1.1 trillion in trade deficit, over four times larger than India's $245.5 billion deficit
  • India and the United Kingdom follow, each exceeding $230 billion in trade deficits, reflecting high import reliance
  • The USA’s trade imbalance alone surpasses the combined deficits of the other nine countries on this list
  • Six of the top ten countries with the largest deficits are European economies
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  • FirstBank and Union Bank have operated in Nigeria for over a century, making them the longest-surviving commercial banks
  • Three of Nigeria’s largest banks today, GTBank, Zenith Bank, and Access Bank, were founded in the late 20th century
  • Citibank is the oldest foreign bank in Nigeria
  • Only five banks have existed in Nigeria for over fifty years
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  • Netflix leads the global streaming market with 301.63 million subscribers
  • Amazon Prime follows with 200 million, making these two platforms account for over 500 million subscribers combined
  • Disney+ and Tencent Video signal the rise of regional and diverse content, with Disney+ at 124.6 million and Tencent Video at 116 million
  • Smaller platforms struggle to compete, with services like Apple TV having significantly lower numbers
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  • Egypt and Morocco dominate Africa’s trade deficit, with a combined shortfall of $50.8 billion dollars, which surpasses the total deficit of the other eight countries on the list
  • North African economies — Egypt, Morocco and Tunisia — account for more than half of the total trade deficit across the top 10
  • East African economies also feature prominently, with Ethiopia, Kenya, and Tanzania making up a significant share of the deficit
  • Smaller economies like Rwanda and Uganda post notable deficits, though on a much smaller scale than their North and East African counterparts
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  • Angola's $23.8 billion surplus is nearly double Algeria’s
  • The top three countries are major oil exporters
  • Oil, minerals, and natural resources drive most surpluses
  • No North African country besides Algeria makes the top 10
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  • Nestlé Nigeria’s revenue grew by 75.3% in 2024, its highest growth rate since 2014.
  • Revenue jumped from ₦547.1 billion in 2023 to ₦958.8 billion in 2024, a ₦411.7 billion increase.
  • The 2024 growth rate is over three times the 22.5% growth recorded in 2023.
  • The company has grown revenue for ten straight years without decline.
  • Between 2014 and 2024, revenue increased by an average of 22.4% on a year-on-year basis.
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  • Nestlé Nigeria maintained steady profits for eight years, growing from ₦22.2 billion naira in 2014 to ₦49 billion naira in 2022
  • Nestlé Nigeria swung from a ₦49 billion naira profit in 2022 to a ₦79.5 billion naira loss in 2023, a 262% decline in one year
  • Losses deepened by 107%, from ₦79.5 billion naira in 2023 to ₦164.6 billion naira in 2024
  • A combined ₦244 billion naira loss for 2023 and 2024 nearly wiped out all the profits of ₦304.5 billion naira made between 2014 and 2022
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  • Launch Africa is the most active startup investor in Africa, with 165 deals between 2019 and 2024.
  • Techstars follows closely with 148 deals, while Google Black Founders Fund ranks third with 139 deals.
  • Y Combinator has backed 123 startups, reinforcing its strong presence in African tech.
  • Venture capital interest remains strong, with at least 17 firms making 30+ investments in African startups.
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Number of countries anticipated to either have sufficient or shortage of secondary school teachers by region (2030)
 
  • Sub-Saharan Africa faces the biggest shortage, with 40 countries struggling to fill teaching positions in secondary schools.
  • Europe & Northern America (33 countries) and Latin America & the Caribbean (29 countries) are also at risk, showing that the teacher crisis isn’t just a developing-world issue.
  • Eastern Asia and Central Asia don’t have a single country expected to have enough secondary school teachers, indicating a major educational gap in these regions.
  • The impact of teacher shortages goes beyond education—overcrowded classrooms, exhausted teachers, and declining educational quality will harm future economic and workforce development.
  • Solving this crisis requires urgent action, from better teacher training to improved salaries and working conditions to attract more people to the profession.
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Share of Africa’s debt by duration (2023 - 2028)
 
  • By 2028, 76.4% of Africa’s debt will be long-term, up from 75% in 2023.
  • The share of long-term debt will consistently rise each year.
  • Short-term and IMF debts will shrink to 23.6% by 2028, indicating reduced reliance on short-term borrowing.
  • The trend towards long-term debt reduces the immediate financial strain on governments but requires careful management to avoid excessive interest accumulation.
  • Countries must ensure that extended debt periods are matched with productive investments to justify future repayments.
  • A higher share of long-term debt could expose African economies to potential interest rate hikes in the future.
  • While long-term borrowing offers temporary relief, debt sustainability remains a key issue that policymakers must address.
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Total number of additional primary and secondary teachers needed by region by 2030
 
  • Sub-Saharan Africa faces the most severe teacher shortage, needing over 15 million educators by 2030, more than any other region.
  • Southern Asia has the second-highest demand, requiring 7.78 million teachers, highlighting a major education gap in fast-growing economies.
  • Europe & Northern America also need 4.83 million teachers, proving that even developed regions struggle with teacher shortages.
  • South-Eastern Asia (4.54M), Northern Africa & Western Asia (4.26M), and Eastern Asia (3.28M) are all battling significant shortages, showing a global education crisis.
  • Even smaller regions like Oceania (0.28M) and Central Asia (0.75M) require thousands of teachers, emphasising that no region is immune to this issue.
  • If action isn’t taken now, millions of children will face overcrowded classrooms and lower educational quality, potentially stunting economic growth and workforce readiness for future generations.
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  • Libya leads Africa with 48.4 billion barrels of recoverable oil, the continent’s highest.
  • Nigeria ranks second with 37.3 billion barrels, accounting for about 27% of reserves among top holders.
  • Algeria holds 12.2 billion barrels, rounding out the top three and far ahead of other nations.
  • Sudan, Egypt, and Angola each contribute between 2.5 and 5 billion barrels, showing smaller but notable reserves.
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  • South Africa leads the continent with a vast 20,986km rail network, nearly triple the size of Sudan’s, the second-largest.
  • Nigeria’s rail infrastructure measures 3,798km, ranking it behind Kenya (3,819km) and DR Congo (4,007km).
  • North African countries like Egypt and Algeria maintain significant rail mileage, exceeding 4,000km each.
  • Southern Africa dominates the top five, with Mozambique and Zimbabwe also featuring prominently.
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  • Zambia recorded its highest-ever FDI inflow in 2013 at $2.10 billion.
  • After dipping to a negative inflow of -$0.07 billion in 2022, Zambia recovered to $1.24 billion in 2024.
  • The country experienced its first billion-dollar inflow in 2007, marking a turning point in foreign investment.
  • FDI inflow was consistently below $0.5 billion throughout the 1990s, indicating limited investor confidence during that period.
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  • Algeria leads Africa with 41 active oil rigs, making up nearly 29% of the continent's total count.
  • Nigeria follows with 31 rigs, confirming its strong position in West Africa’s upstream oil activity.
  • Egypt ranks third with 23 rigs, while Libya maintains 18 rigs despite its fluctuating political climate.
  • The top seven countries host 122 of Africa’s 144 rigs, showing drilling operations are concentrated in just a handful of nations.
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  • July 2025 saw the ASI rise by 8.6%, the largest monthly jump in over a year.
  • The index grew steadily for four straight months from April to July 2025.
  • ASI climbed from 99.5K in June 2024 to 126.7K in July 2025, a 27.3% increase overall.
  • August 2024 recorded the sharpest monthly drop at -2.9%.
  • December 2024 and January 2025 posted back-to-back strong gains of 2.5% and 3.8% respectively.
  • May and June 2025 saw healthy gains of 4.2% and 6.6%, paving the way for July’s surge.
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  • Manufacturing hit a record $64.90b in 2022, after steady growth from 2016.
  • Output fell 55% to $25.36b in 2024, the worst one-year drop since 1999.
  • Military-era lows: Slumped from $33.33b (1981) to $8.08b (1989).
  • Democratic rebounds: Output grew from $9.62b (1999) to $55.33b (2014), and from $35.12b (2016) to $64.90b (2022).
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