• Nigeria’s agricultural GDP reached ₦19.3 billion in 2023, showing minimal growth.
• From 2013 to 2023, agriculture played a key role in Nigeria’s economic growth, averaging 24.43% of the total annual GDP.
• Agriculture's share in the total GDP in 2020 (25.90%) dropped to 24.76% in 2023.
• Post-pandemic recovery in the agricultural sector has been robust, with consistent growth from ₦18.3 billion in 2020 to ₦19.3 billion in 2023.
• Agriculture remains a critical driver of Nigeria’s economy, ensuring food security and supporting livelihoods across the country.

Key takeaways:

• The highest percentage of requirements was met in 2019.
• Less than 50 percent of UN funds targeted towards Nigeria's humanitarian aid was realised in 2023.
• As of 2020, the year of the Covid-19 pandemic, approximately 58 percent of the UN target for Nigeria's humanitarian support was raised, which is lower than the percentage realised in 2019 and 2021.
• Every year, Nigeria obtains at least 40% of the UN's humanitarian aid needs.

Key Takeaways:

• The average price for 5kg cooking gas ranges from ₦6,000 to ₦8,100.
• The price difference of cooking gas between various Nigerian states is 25.09%.
• Out of Nigeria's 36 states plus Abuja, fifteen have an average price for 5kg cooking gas above the national average.
• Taraba State is uniquely positioned as the sole state in Nigeria with an average cooking gas price above ₦8,000.
• The national average cost for 5kg cooking gas in Nigeria is ₦7,177.27.

Key takeaways:

• The highest amount of funds raised for Nigeria’s humanitarian aid was recorded in 2017 at $770 million.
• From 2019 to 2020, there was only a slight increase of 0.3% in the amount raised.
• By 2023, a decline of 23.42% from 2022's raised funds was witnessed, and it is the lowest decline experienced since 2017.
• Regardless of fluctuations in annual assistance, Nigeria continued to receive humanitarian aid from the United Nations.

Key Takeaways:

• The top 20 food items witnessed extreme inflation, surpassing 200%.
• Onions and yams lead the list with remarkable price hikes of 353% and 317%, respectively.
• Various types of rice exhibited significant price increases (310% for Ofada rice, 250% for local rice, etc).
• Basic protein sources such as eggs (207%) and chicken (202%) saw their prices more than double, making them increasingly less affordable.

• Nigeria’s first ATM was deployed in 1990 by Société Générale Bank, marking the start of a new era in banking.
• Interswitch kicked off interbank transactions in 2003, allowing Nigerians to use ATMs provided by other banks asides their own.
• The CBN has implemented several policies to regulate ATM deployment, fees, and usage.
• ATM fees have fluctuated over the years, with a major reduction in 2020 and an increase in 2025.

• Among all the 40 countries studied in the report, Nigeria leads the decline in cash transactions, dropping from 91% in 2019 to 55% in 2023, a sharper decline than any other country analysed.
• By 2027, Nigeria’s cash transactions are projected to fall to 42%.
• Mexico, Thailand, and Japan are also experiencing significant declines, with cash transactions expected to drop below 35% in all three countries by 2027.
• Brazil, which started with a relatively lower cash transaction rate (48% in 2019), is on track to become one of the least cash-dependent nations in this group, with just 12% of transactions expected to be cash-based by 2027.
• The global average for cash transactions was already low at 26% in 2019, and it is set to decline further to just 11% by 2027, making cash an increasingly rare payment method worldwide.
• Germany, a traditionally cash-friendly economy, has seen a major drop, with cash transactions decreasing from 50% in 2019 to a projected 29% by 2027, reflecting broader changes in consumer behavior.

• 56% (91 million) of unregistered children live in Africa, more than the rest of the world combined.
• South Asia follows with 32%, while the rest of the world accounts for just 12%.
• Africa’s share of unregistered children is nearly double that of South Asia and over four times that of the rest of the world.
• This disparity underscores the urgent need for improved civil registration systems in high-impact regions.

• Volatility and risks are the biggest concerns for Nigerians engaging with cryptocurrency, making up 35.7%.
• Lack of knowledge accounts for 17.5%, highlighting a gap in crypto education and awareness.
• Difficulty in using apps is the least pressing concern at 6.4%, suggesting that accessibility is not a major barrier.
• Addressing volatility fears, improving security measures, and expanding financial education could boost confidence in crypto adoption.

• The 2025 approved budget is nearly ₦55 trillion, marking a dramatic increase compared to previous years.
• From 2020 onwards, the budget has seen a rapid upward trend.
• Nigeria's national budget has consistently grown over the years, with notable jumps in 2016, 2021, and 2025.
• The most significant year-on-year increase occurred from 2024 to 2025, with a 91% rise.
• Since 2010, the budget has only decreased in four years (2012, 2014, 2015, and 2019), highlighting a generally upward trend in government spending

• Africa's labour force continues to grow significantly, with several countries exceeding 10 million workers in 2023.
• South Africa, despite its developed economy, has a labour force of 27 million, ranking below Tanzania and Egypt.
• Nigeria, Ethiopia, and the Democratic Republic of Congo have the largest labour forces in Africa.
• East Africa remains a major hub, with Kenya and Uganda featuring prominently in the top ten.