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  • According to UNESCO, low-budget movies from Nigeria and other African countries account for most of the films produced annually in Africa. Here is a breakdown of the estimated number of films produced annually, private television channels, and cinema screens by African region.

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    While several African nations have state-controlled telcos, some private operators have extended their presence across the continent. Notably, none operates in all countries on the continent.

    MTN Group and Orange are present in 17 countries, with MTN having a stronger presence in Southern Africa than Orange. Francophone West Africa and North Africa are Orange's primary markets.

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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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  • 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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  • 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
GDP per capita Nigeria and Africa (2010-2029)
 

Over the years, many African countries, including Nigeria, have experienced economic turbulence caused by fluctuating global markets and domestic challenges. However, amidst these challenges, there’s hope as IMF economic forecasts point toward growth.

According to the IMF, GDP per capita in Nigeria and Africa is projected to increase from 2025 after years of stagnation and decline. Nigeria’s GDP per capita fell sharply from $2,197 in 2022 to $877 in 2024. Encouragingly, growth is expected with projections of $1,047 for Nigeria by 2029, signaling a slow but steady improvement in living standards.

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Fatalities caused by the 50 worst terrorist attacks in 2022

In 2022, the top 50 terrorist attacks claimed 2,088 lives across 11 countries, with African nations significantly affected. Seven of these nations are African, and together they account for over half of the fatalities. Mali alone recorded 421 deaths, Burkina Faso recorded 317 deaths, while Nigeria and Somalia saw 212 and 200 lives lost, respectively.

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71% of households in Nigeria’s North East lack access to electricity

Nearly half (46%) of Nigerian households struggle with electricity access, with the Northern region facing the most significant challenges. The three Northern geopolitical zones have access rates below the national average, whereas South East Nigeria has the highest access, with only 25.4% of households lacking electricity.

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8.4 bribes were paid per bribe-payer in Nigeria's North West

The average number of bribes paid per person in Nigeria marginally reduced from 5.4 to 5.1. However, this decrease had no impact in the North East, where bribe-payers nearly doubled the amount paid in 2019, increasing from 4.5 to 8.4. In contrast, other regions recorded slight declines in bribes paid.

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Modern slavery by regions (2022)

On this International Day for the Abolition of Slavery, it’s important to face the harsh realities of modern slavery worldwide. As of 2022, 22 million people globally were forced into marriages, and 27.6 million were subjected to forced labour. Africa alone accounted for 3.8 million in forced labour and 3.2 million in forced marriages, making up a significant number of this global issue.

Africa’s numbers were lower than Asia & the Pacific’s, with a total of 29.3m modern slaves. In Africa, people face daily struggles in exploitative labour conditions, from children forced to work on farms to women coerced into early or abusive marriages. These realities explain the broader statistics and call for efforts to address modern slavery in all its forms.

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First Class Honours at the Nigerian Law School have been a rarity, but 2023 saw a notable rise. At 251, it is the highest number of First Class candidates in a decade, 2x the number in 2022.

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While several African nations have state-controlled telcos, some private operators have extended their presence across the continent. Notably, none operates in all countries on the continent.

MTN Group and Orange are present in 17 countries, with MTN having a stronger presence in Southern Africa than Orange. Francophone West Africa and North Africa are Orange's primary markets.

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Fail rates at the Nigerian Law School have declined from 33% in 2014 to 11% in 2023. Over the same period, second-class lower has overtaken the pass grade as the most common outcome.

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Many African countries can't grow apples naturally due to unfavourable climate and the required chilling hours.

Despite this, Africa's share of global apple output has grown from 0.66% (1962) to nearly 4% in 2022, averaging 2.3% over 60+ years. South Africa has been the biggest contributor, but Egypt, Morocco, and Algeria also play key roles, with the top four countries making up 96% of Africa's total production in 2022.

Since 1961, South Africa has led Africa in apple production, consistently topping the charts.

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In 1961, China produced just 167,000 tonnes of apples, accounting for a mere 1% of global production.

Over the next six decades, this figure surged by 28,300%, reaching 47.5 million tonnes by 2022 and capturing 50% of global production — growing at an average rate of around 7.5% per year.

China's rise began with agricultural reforms in the late 1970s and gained momentum in the 1980s and 1990s.

These are the top ten apple-producing countries over the years.

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Nigeria’s GDP for 2024 is up by 3.2% so far, with key sectors driving the growth. In the first nine months of 2024, Finance and Insurance took the lead with a 30.3% increase, followed by Water Supply & Waste Management at 8.3%, and Mining and Quarrying with 5.7% growth.

These are the sectors leading Nigeria’s real GDP growth.

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As ATMs struggle with cash shortages, Nigerians have turned to POS to fill the gap — even when using them comes with higher fees. POS transactions in Nigeria jumped from just below one million in 2009 to nearly 10 billion in 2023.

The largest single-year increase in POS transactions occurred in 2023, while ATM usage peaked in 2020 but has since dropped consistently. In 2021, POS transactions surpassed ATM volumes for the first time, signalling a major change in how Nigerians handle these financial services.

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  • FDI inflows surged from just $0.01 billion in 1990 to a record $3.88 billion in 2019, marking a 388x increase over 30 years.
  • Between 2006 and 2019, Ghana consistently attracted over $1 billion annually, with nine of those years surpassing $3 billion.
  • The highest FDI year on record was 2019, likely reflecting peak investor confidence before the pandemic.
  • Since 2021, FDI has remained below $2 billion, with 2023 recording $1.31 billion and 2024 only slightly higher at $1.67 billion.
  • Ghana’s FDI trend reflects a pattern of post-2000 acceleration, plateauing around 2012–2015, then declining sharply post-2020.
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  • FDI inflows peaked in 2011 at $8.91 billion, the highest in the 35-year period.
  • Between 2005 and 2012, Nigeria saw a sustained boom in FDI, with seven consecutive years above $4 billion.
  • In 2018, Nigeria recorded its lowest FDI inflow in decades at just $0.78 billion.
  • By 2024, FDI stood at $1.08 billion, down 88% from its 2011 peak, reflecting declining investor interest or changing investment climates.
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  • Libya maintains its position as the cheapest fuel market in Africa with just $0.028 per litre.
  • Nine out of ten countries have fuel prices under $1 per litre, signalling widespread affordability across much of the continent.
  • Nigeria, despite partial subsidy reforms, still ranks among the cheapest with fuel priced at $0.586 per litre.
  • DR Congo is the only country in the top 10 where fuel costs exceed $1 per litre, standing at $1.039.
  • Ethiopia and Liberia are the only non-oil-producing countries among Africa’s top 10 cheapest fuel markets.
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  • Only three nations, Nigeria, Equatorial Guinea, and South Africa, have won the Women’s Africa Cup of Nations since it began in 1998.
  • Nigeria leads with nine titles, claiming the trophy in 1998, 2000, 2002, 2004, 2006, 2010, 2014, 2016, and 2018.
  • Equatorial Guinea captured the title twice, in 2008 and 2012.
  • South Africa won its first title in 2022 to become the third country to lift the trophy.
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  • Air Peace operates the largest fleet with 37 aircraft, combining its mainline and subsidiary, Air Peace Hopper.
  • Arik Air and Max Air follow distantly with 14 and 10 aircraft respectively, less than half of Air Peace’s combined fleet.
  • Only 5 airlines operate fleets of 8 or more aircraft, highlighting a significant concentration of operational strength at the top.
  • Over one-third of the listed airlines (7 out of 20) operate with fleets of just 4 aircraft or fewer.
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  • The United States dominates with 7 wins from 4 different athletes: Harper-Nelson (5), Carruthers (1) and McNeal (1).
  • Tobi Amusan of Nigeria is the only African and second-most decorated athlete, winning 3 consecutive titles (2021–2023).
  • Only 8 women from 6 countries have won the event in the last 15 years.
  • Dawn Harper-Nelson (USA) holds the record for most titles – five between 2012 and 2016.
  • Jasmine Camacho-Quinn (Puerto Rico) broke through in 2024, becoming the most recent champion and the first from her nation to do so.
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