Since 2015, electricity revenue in Nigeria has been on the rise, with 8.7% in 2015 the lowest increase and 45% in 2021, the highest.
Of the ₦7.98 trillion generated in the last 8 years, 53% (₦4.2 trillion) was generated in the last 3 years (2020, 2021, and 2022) combined.Per several news sources, there was an increase in electricity tariff in 6 of Nigeria's 11 Distribution Companies in January 2022, resulting in an 8.8% increase in revenue despite a 6.6% decrease in electricity billed in the year.
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.
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.
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.
A recent UNICEF report shows that 293m children worldwide did not have drinking water in their schools in 2023. Six African and four Asian countries make up the top ten, with Ethiopia and Nigeria occupying first and second positions, respectively, with 33.2m and 29m children.
The top five countries account for 42% of the total affected population.
Bitcoin has seen remarkable growth since 2010. Starting from a high of just $0.5 in 2010, it reached an all-time high of $73.7k in March 2024.
It recorded new peaks in 2011, 2013, 2017, 2020, 2021, and recently in 2024.
As of December 2023, Indians accounted for one in three holders of Canadian work permits, representing 32% of the total (1.76 million). Ukraine followed with almost 10%. Nigeria came 8th, with 2% of the permit holders.
As of December 2023, more than 36,000 Nigerians — 2% of the global holders — had Canadian work permits. This number represented a 118% rise from December 2022.
Nigeria's share of the total peaked in December 2018 at 2.4%.
N.B. The number of global holders of the Canadian work permit increased by 60% in 2023.
In Q4 2023, Spectranet maintained its top position as Nigeria's biggest internet service provider with nearly 114k active subscribers, holding 43% of the market share. FiberOne followed with 10% of the market.
Starlink increased its subscriber base by 113% to claim the 3rd position with 9% of the market.
Here are Nigeria's top internet service providers by active subscribers in Q4 2023.
In 2023, businesses in Nigeria's finance and insurance sector paid ₦458.8 billion as taxes to the government, 119.6% more than in 2022.
Those in the manufacturing sector also increased their payments and remain the top tax-paying sector in the country.
Here are the top five sectors where businesses paid the most tax in 2023.
According to recent data, there were approximately 96,487 tonnes of gold jewellery in the world in Dec. 2023, accounting for 45% of the total estimated amount of gold (212,582 tonnes) mined throughout history. Here is an estimated distribution of gold holdings as of Dec. 2023.
