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  • Per projections made by Goldman Sachs, China should lead the global economy in terms of GDP by the year 2075, closely followed by India and the US. Nigeria and Egypt are the only African countries expected to be in the top 15 by that time.

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    Over time, Nigerian workers under 50 have increasingly relied on pension savings during unemployment. This graph illustrates the upward trend with some fluctuations in both the total amount withdrawn — ₦26.9 billion in 2022, and the number of approved withdrawals. Individuals who can withdraw 25% of their retirement savings balance are those who disengaged/retired before the age of 50 years in accordance with the terms and conditions of their respective employment and stayed unemployed for at least six months.

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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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    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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  • 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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    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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  • As of 2022, the top five African countries indebted to the World Bank — Nigeria, Egypt, Ethiopia, Kenya, and Tanzania — accounted for 46% of the continent's outstanding debt with the institution.

    Forty-eight African countries collectively owed around $125 billion, representing 31% of the total global debt of $408 billion. These are the top ten countries from 1970 to 2022.

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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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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.

    See more
Other Insights
 
  • Lagos alone hosts 51 licensed cinemas, accounting for over half of all exhibition premises in the dataset.
  • The next three states—Ogun, FCT, and Rivers—combined have just 30 cinemas.
  • Only five states have five or more licensed cinemas, highlighting strong geographic concentration.
  • Several large states have two cinemas or fewer, pointing to limited formal exhibition infrastructure outside key urban hubs.
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  • President Tinubu has spent 237 days (about eight months) abroad since 2023.
  • France alone accounts for 89 days, making it his most-visited country.
  • The UK ranks second with 28 days.
  • The UAE, Brazil, and Saudi Arabia feature prominently.
  • Asia is well represented by China, India, and Japan, indicating growing engagement with Eastern economies.
  • Several African countries appear on the list, showing continued regional diplomacy.
  • Most countries recorded fewer than ten days, suggesting many short, targeted visits.
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  • Lagos is Africa’s third-largest city and ranks 14th globally.
  • Cairo remains Africa’s largest city, with over 23 million people, keeping Egypt at the centre of the continent’s urban network.
  • Kinshasa’s position shows Central Africa’s rising urban influence.
  • There is a steep population gap after the top three cities.
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  • Nigerian artistes have won 16 Grammy Awards in total since the awards’ inception in 1959.
  • Sade Adu and Seal lead all Nigerian-linked artistes with four wins each.
  • Tems represents the new generation, combining multiple wins with a high number of nominations.
  • Burna Boy’s 13 nominations and one win highlight the gap between recognition and awards.
  • Wizkid and several others have entered Grammy history but have yet to convert nominations into multiple wins.
  • Earlier Grammy successes were mostly by Nigerian-born artistes based abroad.
  • Recent wins have come from artistes rooted in Africa’s contemporary music scene.
  • The 2026 Grammys, with Tyla’s win and Fela’s recognition, highlight Africa’s growing influence in global music.
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  • The Nigerian Army is allocated ₦1.5 trillion, surpassing the ₦1 trillion mark and making it the highest-funded force in the proposal.
  • Police formations and commands receive ₦1.3 trillion, exceeding the ₦ 1 trillion threshold in the 2026 budget.
  • The Nigerian Navy’s proposed allocation stands at ₦443.9 billion, keeping it well below the trillion-naira range reached by the top two.
  • The Nigerian Air Force is allocated ₦407.2 billion.
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  • Deployed POS terminals grew from about 156,000 in 2017 to 8.4 million in 2025.
  • Nigeria added more than eight million terminals in eight years, indicating rapid adoption of digital payments.
  • Growth accelerated sharply after 2020, marking a major shift toward cashless transactions.
  • The highest year-on-year growth (116.8%) occurred in 2024, following the naira redesign.
  • About three million terminals were added in 2024 alone.
  • POS agents became critical financial access points during the period of cash shortage.
  • POS terminals now function as mini-banks in many communities.
  • Financial inclusion has expanded through agent-based banking and POS networks.
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  • “Water No Get Enemy” dominates Fela’s Spotify catalogue with 34 million streams, nearly double the second-ranked track.
  • “Zombie” remains one of his most powerful digital performers, with 19.7 million streams.
  • The top two songs account for a large share of total streams, indicating strong concentration around a few classics.
  • Politically and socially themed tracks rank highest, suggesting listeners connect strongly with Fela’s activist legacy.
  • Only three songs have crossed the 10-million-stream mark, showing a steep drop after the top tier.
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  • Ilyas El Maliki is Africa’s most followed streamer, with 846,900 followers on Kick.
  • Nigeria dominates the top ten, contributing seven streamers to the list.
  • Nigeria’s top streamers have a combined 1.35 million followers, showing a strong concentration of influence.
  • Follower distribution drops sharply after the top two.
  • Streaming influence in Africa is country-clustered rather than evenly distributed across the continent.
  • Platforms such as Twitch and Kick are enabling African creators to compete globally.
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  • Only 17 of 37 states and the FCT recorded above-midpoint entrepreneurship scores in 2025.
  • Kogi State leads nationally, outperforming all others on the SoE Index.
  • Strong entrepreneurship performance is not limited to Lagos or major commercial centres.
  • Several northern and middle-belt states rank high.
  • Urban and resource-rich states do not automatically guarantee strong entrepreneurial outcomes.
  • Local governance and operating conditions appear more influential than state size or wealth.
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  • Together, the top three cities — Tokyo, Delhi, and Shanghai — have more than 100 million residents.
  • Asia dominates the ranking, with most of the top ten cities located on the continent.
  • Only three African cities — Cairo, Kinshasa, and Lagos — appear in the top 20.
  • Africa’s three mega-cities together account for nearly 60 million people, showing concentrated urban growth.
  • Urban population growth is driven by migration toward economic and commercial hubs.
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  • Nathaniel Bassey Main peaked at 1.02 million concurrent viewers, ranking 6th globally among YouTube’s most-watched livestreams in 2025.
  • Nigeria is one of the few countries to cross the one-million peak viewer mark, alongside major global entertainment creators.
  • Religious livestreams account for multiple top-ranking events, indicating strong real-time engagement beyond music and entertainment.
  • Peak viewership is tightly clustered at the top, with only about 700,000 viewers separating 1st and 10th place.
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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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  • Bola Tinubu won the 2023 election with just 36.6% of the valid votes.
  • There is a clear downward trend in winners’ vote share since 2011, with each election producing a less dominant winner.
  • Peak dominance occurred in 2007, when Umaru Musa Yar'Adua won with 69.6% of the votes.
  • The total votes secured by winners have dropped sharply, from over 24 million (2003–2007) to 8.8 million in 2023.
  • In 2023, over 60% of valid votes went to candidates who lost.
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  • Nigeria’s youngest serving governor is Usman Ahmed Ododo of Kogi state at 48 years old.
  • The oldest serving governors are Bala Mohammed and Hope Uzodimma, both aged 67.
  • President Bola Ahmed Tinubu is 73 years old, making him older than every sitting governor.
  • Tinubu is 25 years older than the youngest governor and six years older than the oldest governors.
  • A number of governors are in their late 50s, including Seyi Makinde, Hyacinth Alia, and Ahmadu Umaru Fintiri.
  • The age distribution suggests that Nigeria’s state leadership is largely dominated by experienced, older political figures rather than younger politicians.
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  • The All Progressives Congress (APC) currently controls 31 out of Nigeria’s 36 state governors' seats.
  • This means about 86.1% of Nigeria’s governors belong to the APC, showing the party’s strong dominance at the state level.
  • Only five states are governed by parties other than the APC.
  • The People's Democratic Party governs two states, making it the largest opposition presence among governors.
  • The Labour Party, APGA, and Accord Parties control one state governorship each.
  • With most states now aligned with the ruling party, the balance of political power at the state level in Nigeria is heavily tilted toward the APC.
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  • Crude oil alone accounts for 55.7% of all exports. Remove it and Nigeria runs a ₦26.7tn trade deficit. The entire surplus rests on one commodity.
  • Nigeria imports ₦31.97tn in manufactured goods but exports only ₦2.50tn, a 12-to-1 ratio that reflects near-total dependence on foreign industrial output.
  • Nigeria exports ₦25.3tn in petroleum products yet imports ₦13.3tn of refined petroleum. Africa's top oil producer still can't fully process its own crude.
  • Despite Nigeria's vast farmland, agri-exports (₦5.07tn) barely exceed agri-imports (₦4.76tn). The sector earns almost nothing net.
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  • Over 85x growth in 20 years; total pension contributions grew from ₦15.6 billion in 2004 to ₦1.37 trillion in 2024.
  • In Q1–Q3 2025, private-sector contributions (₦744 billion) surpassed those of the public sector (₦574 billion).
  • Contributions declined in 2015 and 2016 as crashing oil revenues choked government remittances, and again in 2021 amid COVID-19 disruptions.
  • Each time, the system recovered within a year, proving its foundations hold even under severe macro pressure
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  • Life Business was the single largest segment, and its 70.3% jump signals that more Nigerians are thinking seriously about financial protection for their families.
  • Miscellaneous, the smallest segment, posted the biggest growth at 86.7%, suggesting new and unconventional insurance products are gaining serious traction.
  • Aviation & Marine nearly doubled, with 79.9% growth in a sector tied to trade and logistics, reflecting Nigeria's expanding import/export activity and the rising cost of cargo and aircraft risk coverage.
  • Motor (52.5%), Fire (53.3%), and General Accident (49.6%) grew by roughly half, indicating broad-based sector expansion rather than isolated pockets of growth.
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