State Spotlight ποΈ
2024 IGR (Internally Generated Revenue):
Lagos: β¦1.26tn
Rivers: β¦317.3bn
FCT: β¦282.4bn
Lagos alone made more than 1/3 of all state IGR nationwide (β¦3.63tn total).
Source: NBS
#NGNSTATS
Nigeria's headline inflation eased to 15.43% in July,
down from 15.91% in June.
But food inflation jumped: 17.52% β 20.31% β its highest
in 10 months.
Falling headline inflation β cheaper groceries.
Source: NBS
#NGNSTATS
Official data from the Debt Management Office places the total public debt at β¦159.28 trillion as of December 2025 . This figure includes both the Federal Government and State Governments. Broken down: Domestic Debt: β¦84.85 trillion (53.3%), largely in bonds and treasury bills
The debt-to-GDP ratio fluctuates between 32.3% and 36.9% depending on the metric, which authorities are quick to note is below the 60% international threshold .
However, analysts warn this is a misleading comfort. The real crisis is liquidity, not solvency.
Poverty: Still climbing, >50% of population per World Bank
Food inflation: Eased to 12.1% but real incomes still squeezed
Fuel prices: Up sharply amid Middle East conflict pressures
IMF warns: "Rising costs making life difficult for people"
Less than 10% of adults aged 15β49 have ever had their blood pressure checked.
Less than 10% have ever had their blood sugar checked.
We don't know the true scale of hypertension and diabetes in Nigeria.
Nigeria's e-commerce market projected to hit $33B+
Thousands of merchants now selling exclusively via WhatsApp, Instagram, TikTok
Many sellers report 50%+ of daily sales come from chat apps
Independent dispatch riders now the backbone of last-mile delivery
Food Insecurity
33.1 million Nigerians may face food insecurity in 2026
Food accounts for up to 70% of consumption among poorer households
Northern food-producing regions hit hardest by violence and economic hardship
Consensus says 2026 is Nigeria's strongest macro setup in a decade. The wildcard is whether the government stays disciplined or succumbs to election-year spending.
Bookmark this. Let's check back in December. π
DEMOGRAPHICS & POVERTY IN NIGERIA
β’ Population Living in Poverty (2026 est.): 141 million
β’ Poverty Rate: 62% of population
β’ Increase in Poverty (2023-2026): +26 million people