Over the four-year period from Q3 2020 to Q3 2024, road accidents in Nigeria declined by 53%

Key Takeaways

  • Road accidents declined by 53% between Q3 2020 and Q3 2024.
  • Q4 2022 recorded the highest number of accidents, with 4,835 reported cases.
  • Q3 2024 had the lowest number, with just 1,945 accidents.
  • Speed violation remains the leading cause of road accidents in Nigeria.
  • Ogun, FCT, Kaduna, and Nasarawa consistently rank among the top four states with the highest accident occurrences.
  • Bayelsa, Borno, Imo, Rivers, and Akwa Ibom regularly report the lowest number of accidents each quarter.
  • Commercial vehicles are the most frequently involved vehicle category in accidents.
  • Cars account for the highest number of individual vehicle accidents.

Road accidents have long been a common occurrence around the world, and Nigeria is no exception. In the country, the leading causes of road accidents include speed violations, tyre bursts, disregard for traffic signals, and route violations. However, in recent years, there has been a noticeable decline in the number of road accidents.

Notably, the third quarter of 2024 recorded the lowest number of road accidents in the observed period, marking a significant 53% decrease compared to the same quarter in 2020. This steady decline appears to align with the series of petrol price hikes that began in May 2023, following the removal of fuel subsidies. Between May 2023 and September 2024, the pump price of Premium Motor Spirit (PMS) rose by approximately 332.7%, potentially contributing to reduced road usage and, by extension, fewer accidents.

Source:

NBS

Period:

Q3 2020-Q3 2024
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  • Company Income Tax (Non-Oil) emerged as the largest contributor, accounting for over 30% of total tax revenue.
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Apapa Port accounted for 71.6% of Nigeria’s total trade value in Q1 2025 and 86.12% of total exports
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  • Apapa Port handled ₦25.79 trillion worth of goods in Q1 2025, representing 71.6% of total trade. It remains the country’s primary trade hub, far surpassing all other ports combined.
  •  Apapa alone facilitated ₦17.74 trillion or 86.1% of Nigeria’s total exports, showing a high dependency on a single location for outbound goods.
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Lagos State's year-end outstanding foreign debt peaked in 2017, before gradually easing to $1.17 billion as of 2024
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  • Oil and Gas insurance follows as the second-largest segment, generating ₦188.7 billion in Q1.
  • Fire and Motor insurance sectors contributed ₦91.9 billion and ₦77.7 billion respectively, reflecting strong demand.
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Number of road accidents by geopolitical zone in Nigeria (Cumulative, Q3 2020-Q3 2024)
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  • Within the North Central zone, Abuja (FCT) recorded the most accidents, with a cumulative total of 8,133 cases.
  • The South West zone ranks second, responsible for 25.78% of all accidents nationwide, with Ogun State leading the zone at 6,418 accidents.
  • The South East zone has the lowest share, contributing just 5.38% of total accidents from Q2 2020 to Q2 2024.
  • Enugu State, the highest contributor within the South East, accounts for only 1.59% of the national total.
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