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  • Over the past ten years, there has been a rising trend of fraud and forgery cases in Nigerian banks. Although there was an 88% increase in reported cases in 2021, there was a 27% decrease in 2022, resulting in a 221% increase in financial losses of ₦9.5 billion.
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    In addition to having one of the lowest populations on the continent, Mauritius boasts the greatest broadband penetration rate — 147.39% as of 2022 — of any country in Africa. The eastern African nation's broadband Internet subscribers surpassed its population in 2019.

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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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  • 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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    Countries by Global Innovation Index 2024

    The Global Innovation Index 2024 reveals a striking contrast in innovation performance between countries globally and across Africa. Switzerland leads the global rankings with an impressive score of 67.5, followed by Sweden (64.5) and the USA (62.4), highlighting their sustained investments in research, development, and technological advancement.

    In Africa, Mauritius takes the top spot with a score of 30.5, followed closely by Morocco (28.8) and South Africa (28.3). However, even Africa's most innovative nations achieve less than half the score of global leaders, indicating a significant innovation gap.

    Nigeria ranks 15th in the African ranking and 113th globally, out of 133 countries, with a score of 17.1.

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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 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion 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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Other Insights
 
  • Nigeria has consistently ranked among the least peaceful countries, with scores remaining in the lower band from 2008 to 2025.
  • Peacefulness worsened sharply between 2013 and 2015, marking one of Nigeria’s most unstable periods.
  • A mild improvement occurred between 2017 and 2022, although overall peacefulness remained low.
  • Nigeria’s score deteriorated again in 2025, rising from 2.77 to 2.87 and reversing recent stability.
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  • Asia leads globally with 26% of its forests in legally protected areas.
  • The global average stands at 20%, meaning that one-fifth of all forests are under some form of legal protection.
  • Africa and Europe are tied at 23%, both above the global average.
  • South America has only 17% of its forests protected, despite being home to the Amazon rainforest.
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  • T2’s subscriber base dropped by over ten million between Oct 2023 and May 2025.
  • The lowest point came in June 2025 with just 2.44 million active users.
  • From that low, subscriptions climbed to 3.11 million by September 2025.
  • The recent 677.2k gain marks the brand’s first positive momentum in years.
  • Despite the rebound, T2’s subscriber base remains less than a quarter of its 2023 size.
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  • Rwanda leads Africa with a rule of law score of 0.63, ranking 39th globally.
  • Namibia, Mauritius, and Botswana also place within the global top 50.
  • Senegal and South Africa are next, both scoring 0.56 in 2025.
  • Nigeria ranks 120th with a score of 0.41, below the regional average.
  • The Index evaluates justice, corruption, accountability, and fundamental rights.
  • A strong ranking reflects effective governance and respect for citizens’ rights.
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  • Global forest cover is 4.1 Bha, according to the latest FAO assessment.
  • At 832.6 Mha, 20.1% of the global total, Russia has the world’s largest forest area.
  • Brazil (486.1 Mha; 11.7%) and Canada (368.8 Mha; 8.9%) rank second and third, respectively.
  • The United States (7.5%) and China (5.5%) complete the global top five.
  • Africa’s top contributor is the Democratic Republic of Congo, with 139.2 Mha, 3.4% of the global total.
  • Other African countries in the top 20 include Angola, Zambia, Tanzania, and the Central African Republic, each accounting for approximately 1% of the global forest area.
  • Together, the top ten countries account for over 78% of the world’s total forest area, highlighting the global concentration of forest resources.
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  • Egypt led with an estimated $145.5 billion, accounting for about 25% of Africa's total industrial output among its top 15 economies.
  • Nigeria followed with $89 billion, while South Africa, Algeria, and Morocco made up the rest of the top five.
  • The top five economies accounted for more than 70% of Africa’s total industrial value added.
  • Notable mid-tier performers, Ethiopia and DR Congo, reflected rapid industrial investment.
  • Using constant 2015 USD reveals real production strength, not nominal currency shifts.
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  • The Ministry of Art, Culture, Tourism and the Creative Economy allocated a total of ₦10.5 billion to its MDAs for the 2025 fiscal year.
  • The National Institute for Hospitality and Tourism (NIHOTOUR) received ₦8 billion, the largest allocation.
  • NIHOTOUR's allocation accounts for 75.5% of the ministry’s total budget for 2025.
  • The Nigerian Tourism Development Corporation received ₦2.6 billion, representing 24.5% of the total allocation.
  • NIHOTOUR’s budget is more than three times the allocation given to NTDC.
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  • The Nigeria Immigration Service received the highest share — ₦618.7 billion (55.8%) — of the Interior Ministry’s 2025 budget.
  • This allocation emphasises border security and migration management as national priorities.
  • The NSCDC follows with ₦240.9 billion (21.7%), highlighting the government’s focus on civil protection and internal security.
  • The Nigeria Correctional Service received ₦184.6 billion (16.7%).
  • Other agencies, including the ministry headquarters, received ₦64.5 billion (5.8%).
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  • The Federal Ministry of Arts, Culture, and Creative Economy received a total of ₦71.7 billion in the 2025 budget.
  • The National Commission for Museums and Monuments got the highest allocation of ₦15 billion.
  • Visual and film industries received notable funding of ₦10.1 billion for the National Gallery of Art and ₦8.4 billion for the Nigerian Film Corporation.
  • The National Council of Arts and Culture was allocated ₦7 billion.
  • The National Film and Video Censors Board received ₦4.4 billion, emphasising regulation and content oversight.
  • Institutions like the Centre for Black and African Arts and Civilisation, which promotes African identity, received ₦3.5 billion.
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  • Enugu led the country in IGR growth in 2024 with a 433% increase.
  • Bayelsa, Jigawa, Kano, and Osun also experienced large year-on-year increases, indicating widening fiscal activity across regions.
  • Lagos, Rivers, and the FCT recorded slower growth rates but still generated the largest total revenues.
  • The fastest growth often came from states focused on reforming tax systems or broadening local revenue sources, rather than from being traditionally big or wealthy states alone.
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  • Lagos drives most revenue in the South West, accounting for the clear majority of the region’s IGR.
  • Each geopolitical zone has one dominant state that shapes its revenue profile.
  • Fiscal capacity remains heavily skewed toward a few urban and resource-rich states.
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  • Every subsidiary reported profit in H1 2025, compared to three loss-making units in H1 2024.
  • Nigeria’s profit eased, but stronger performance across other African markets helped support overall group results.
  • Zambia, Sierra Leone, the DRC, Cameroon, and Kenya showed notable turnarounds from previous low or negative earnings.
  • The UK operation remained a major contributor, reinforcing the benefits of Access Holdings’ diversified regional presence.
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  • The Army has been allocated ₦1.50tn, more than half of the top-ten defence allocations, making it the backbone of Nigeria’s security spending.
  • The Navy (₦443.9bn) and Air Force (₦407.2bn) come next, but together they are far behind the Army.
  • Institutions like the Defence Intelligence Agency, Training and Doctrine Command, and Defence Missions receive meaningful but much smaller funding, reinforcing their support-role status.
  • The Defence Space Administration (₦37.3bn) is on the table, but its small size shows Nigeria is only cautiously stepping into cyber- and space-based security.
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  • The Federal Ministry of Finance dominates with ₦16.78 trillion, accounting for nearly ₦1 in every ₦3 spent among the top ministries.
  • Combined, the ministries of Finance and Budget & Economic Planning control more than 50% of the listed allocations, underscoring the government’s focus on fiscal strategy and economic agenda.
  • The Works and Defence sectors rank third and fourth, reflecting continuous prioritisation of infrastructure development and national security.
  • Education and Health, while critical, receive smaller shares, signalling potential pressure points in human capital development funding
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  • Pastor Jerry Eze ranks 3rd globally, with 105 million hours watched, outperforming most entertainment and music livestream channels.
  • Faith-based livestreaming dominates the top tier, with religious creators accounting for four of the top ten.
  • Nigeria is the only African country represented in the global top ten, signalling a strong international reach.
  • Live spiritual content competes directly with relaxation and music streams, traditionally among YouTube’s most-watched formats.
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  • Selar’s payouts grew from ₦807.2 million in 2021 to ₦18 billion in 2025, marking over 22x growth in five years.
  • The number of creators increased from 20,000 to 400,000, indicating rapid adoption of Selar.
  • Creator and payout growth moved in parallel, indicating a balanced, expanding ecosystem.
  • Average earnings per creator are rising, suggesting improved monetisation opportunities.
  • Selar has become a major income channel for digital entrepreneurs in Nigeria and beyond.
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  • Kidnapping for ransom is the largest source of terrorist and bandit funding in Nigeria, accounting for 40%.
  • Resource extraction contributes 25%, highlighting the importance of illegal mining and natural-resource exploitation in sustaining armed groups.
  • Extortion makes up 15% of total funding, demonstrating the broad reach of coercive levies imposed on communities and businesses.
  • Illegal taxation (10%) remains a steady revenue stream.
  • External support accounts for 7%, indicating some level of international or cross-border backing for these groups.
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  • West Africa now has 12 AFCON championships, equal to North Africa’s total after Senegal’s latest win.
  • Egypt is AFCON’s most successful nation with 7 titles.
  • Cameroon (5 titles) and Ghana (4) form the second tier of AFCON’s most successful teams.
  • 15 countries feature on the list of champions, reflecting sustained competitiveness.
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