People above 40 stay longer with companies

Only a small share of workers under 30 spend more than three years with a company. This trend changes with an increase in age range and explains why employees in Nigeria above 40 are more likely to remain with a company for extended periods than younger workers.

Source:

The Nigerian Workplace Report

Period:

2023/2024
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The U.S. holds the largest IMF quota at 82.99 billion SDRs, exceeding the combined shares of Japan and China
  • The United States holds the largest IMF quota by far, with 82,994.2 billion SDRs, accounting for 17.42%, more than double the quota of any other country.
  • Japan, China, and Germany follow as the next largest contributors, each holding between 5.5% and 6.5% of total quota shares.
  • European countries (Germany, France, the U.K., Italy) collectively maintain a strong presence, together accounting for nearly 17.21%, almost equal to the U.S. alone.
  • Emerging economies like India and Russia have relatively modest shares (2.75% and 2.71%, respectively) despite their growing roles in global economic affairs, indicating an imbalance between global influence and IMF voting power.
Nigeria's youth demographic is evident as Gen Z and Millennials combined comprise over 50.1% of the population
  • Gen Z and Millennials combined make up just over half of Nigeria’s population at 50.1%.
  • Gen Alpha alone represents 35.6% of the total population — the single largest generational cohort.
  • Gen Z, born between the late 1990s and early 2010s, accounts for 25.8% of Nigerians.
  • Millennials make up 24.3%, maintaining a strong influence across work, culture, and consumer trends.
  • Gen X, typically born between 1965 and 1980, represents only 9.2% of the population.
  • Older generations (Baby Boomers and Silent Generation) account for just 5.1% of the total population.
  • Nigeria’s entire population under the age of 44 (Gen Alpha, Gen Z, and Millennials) represents approximately 85.7% of the total population.
Nigeria's urban population is projected to reach 70% of the country's population by 2050, a significant increase from 9% in 1950
  • Nigeria's urban population is projected to grow from 9% in 1950 to 70% in 2050.
  • The urban population surpassed the rural population for the first time in 2020.
  • Between 1980 and 2020, Nigeria’s urban population more than doubled, from 22% to 52%.
  • The rural population share is expected to fall sharply from 91% in 1950 to just 30% in 2050.
  • In 2010, Nigeria’s population was still majority rural (57%), but within just a decade, that changed.
Alimosho LGA has the highest number of households in Lagos State, housing over 1.1M households
  • Alimosho leads by far with 1,120,776 households—more than 400,000 households ahead of second-placed Oshodi Isolo (639,866).
  • Oshodi Isolo, Ikeja, and Ojo each have over 390,000 households, positioning them as Lagos’ other major residential hubs.
  • Lagos Island, despite its popularity and commercial relevance, has the fewest households at just 27,199.
  • Ibeju-Lekki, often seen as a fast-developing area, currently has only 71,496 households, highlighting its future potential.
  • Mushin, Surulere, and Ifako Ijaiye all have over 280,000 households each, forming a mid-tier residential cluster worth noting for service providers and real estate developers.
  • Coastal and outer LGAs like Badagry and Epe still reflect moderate household numbers, potentially constrained by infrastructure and distance from central business districts.
  • The gap between top and bottom LGAs is wide, showing Lagos’ uneven urban spread and pointing to both opportunities and challenges in housing development, planning, and equitable service delivery.
Nigeria spends millions of dollars on each national census
  • Nigeria spent $6 million on its first post-independence census in 1962.
  • There is no publicly available data on the amount spent during the 1991 census.
  • By 2006, census spending had surged to $266 million, highlighting a significant increase in the cost of national population counts.
  • The budget for the upcoming 2025 census has not yet been disclosed.
  • In April 2025, President Tinubu inaugurated the National Census Committee and gave a three-week deadline to submit a detailed report.
South west leads with Lagos recording 114 female candidates, while the North East trails with just 7 in Yobe
  • Lagos had the highest female representation in Nigeria’s 2023 elections, with 114 female candidates, more than any other state.
  • Yobe recorded the lowest, with just 7 female candidates, highlighting a wide disparity in representation across regions.
  • The South East and South South zones recorded some of the strongest numbers overall, with Imo (86) and Rivers (85) nearly matching Lagos.
  • The South West led overall in female candidate numbers, while the North East trailed, with its highest (Gombe – 42) still lower than other zones’ peaks.
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