Insights Archive - Page 67 of 79

Telecommunications
MTN Group's revenue of ZAR104.3b from voice services in 2014 dropped to ZAR81b in 2023, with data services revenue almost tripling within the same period. With increasing digital inclusion, data service is definitely the future for telcos.

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Agriculture

Côte d'Ivoire has maintained its title of Africa's largest producer of natural rubber, increasing production by an average of 13% annually. Nigeria was Africa's largest producer of natural rubber in the early 90s until Côte d'Ivoire took the top spot in 1999. As of 2022, its production capacity was 8.6x more than Nigeria's. In 2022, Côte d'Ivoire produced 1.286 million tonnes of natural rubber; Nigeria and Ghana followed with 149.4 thousand tonnes and 117 thousand tonnes, respectively.

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Cinema
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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Population

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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Economy
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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Wealth

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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Education

As of 2022, the US had 948,519 international students, 14,438 (1.5%) of whom were Nigerian. Nigeria was ranked tenth among contributing countries to the international student community in the US.

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Education

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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Cinema
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

At least 80% of adults in Madagascar, Tanzania, and Ethiopia who can work are employed or actively seeking jobs. Across Africa, 63% of working-age people are engaged in the workforce. However, in Algeria, Morocco, and Djibouti, participation is below 45%.

Health

In 2022, two out of every three of the world’s 249 million malaria cases were found in Sub-Saharan Africa, with Nigeria leading the numbers at a staggering 67 million cases.

GTCO shatters records with ₦1.08t earnings in first three quarters of 2024 following historic Q1 profit.

Banking Finance

Guaranty Trust Holding Company (GTCO) sets a new milestone with ₦1.08t profit after tax in the first three quarters of 2024, following its record-breaking first quarter.

Delta State's share of the 13% oil derivation funds

Oil & Gas

Between 2015 and 2023, Delta State consistently received significant portions of the 13% derivation fund, securing about 29% of Nigeria's total allocation over these years. This amounted to over ₦1.3 trillion out of the total of ₦4.72 trillion allocated to all the oil-producing states in the country. The 13% derivation is part of Nigeria's federal revenue-sharing formula, where oil-producing states receive a portion of revenues generated from crude oil production in their regions. This allocation aims to enhance development and address these states' environmental and economic impacts. Note: Data for December 2018 was estimated due to a lack of available information for that month.

The proportion of jobs in selected sectors that are expected to experience either a “large,” “small”, or “no impact” from AI

Technology

In today’s rapidly changing job market, workers are increasingly curious about how technology will reshape their roles. With artificial intelligence (AI) evolving at a fast pace, understanding which professions will see the most transformation is crucial. Artificial Intelligence will impact IT and Finance jobs the most. AI is expected to have the largest impact on IT jobs (73%) and Finance (70%) jobs, followed by Customer Sales (67%) and Operations (65%), with significant changes anticipated across various jobs.

Global deaths and births from 1950 to 2100

Life

By 2084, global deaths are projected to surpass births, marking a potential shift towards a population decline. This trend reflects a steady rise in death rates alongside a decrease in birth rates, as shown in UN data.

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