As of July 2024, Nigeria's population was estimated at around 229.5 million. Between 1965 and 2024, the number of people living in Nigeria increased at an average rate of over two percent. In 2024, the population grew by 2.42 percent compared to the previous year. Nigeria is the most populous country in Africa. By extension, the African continent records the highest growth rate in the world. Africa's most populous country Nigeria was the most populous country in Africa as of 2023. As of 2022, Lagos held the distinction of being Nigeria's biggest urban center, a status it also retained as the largest city across all of sub-Saharan Africa. The city boasted an excess of 17.5 million residents. Notably, Lagos assumed the pivotal roles of the nation's primary financial hub, cultural epicenter, and educational nucleus. Furthermore, Lagos was one of the largest urban agglomerations in the world. Nigeria's youthful population In Nigeria, a significant 50 percent of the populace is under the age of 19. The most prominent age bracket is constituted by those up to four years old: comprising 8.3 percent of men and eight percent of women as of 2021. Nigeria boasts one of the world's most youthful populations. On a broader scale, both within Africa and internationally, Niger maintains the lowest median age record. Nigeria secures the 20th position in global rankings. Furthermore, the life expectancy in Nigeria is an average of 62 years old. However, this is different between men and women. The main causes of death have been neonatal disorders, malaria, and diarrheal diseases.
In 2022, roughly 15.4 million people lived in Lagos, Nigeria, making it the largest city in Africa. Lagos's population has been gradually increasing, with thousands of people flocking every year to the city, searching for job opportunities and a better life. By 2035, 24.4 million might be dwelling in the city.
The Global Human Footprint dataset of the Last of the Wild Project, version 2, 2005 (LWPv2) is the Human Influence Index (HII) normalized by biome and realm. The HII is a global dataset of 1 km grid cells, created from nine global data layers covering human population pressure (population density), human land use and infraestructure (built-up areas, nighttime lights, land use/land cover) and human access (coastlines, roads, navigable rivers).The Human Footprint Index (HF) map, expresses as a percentage the relative human influence in each terrestrial biome. HF values from 0 to 100. A value of zero represents the least influence -the "most wild" part of the biome with value of 100 representing the most influence (least wild) part of the biome.
The LAGOS-US HUMAN v1 data package is an extension module of the LAGOS-US research platform that includes data characterizing human population (population count, race, ethnicity, socioeconomic information), urbanization, and lake access of 479,950 lakes larger than or equal to 1 ha in the conterminous U.S. (48 states plus the District of Columbia). This data module contains four data tables linked through the unique lake identifier for the LAGOS-US research platform, lagoslakeid. Human population characteristics (race, ethnicity, and socioeconomic factors) were derived from U.S. census data for 1990, 2000, 2010, and 2020. Lakes were classified as urban or not using two different classifications: one based on the ‘Developed’ land category in the National Land Cover Dataset; and another based on the 2020 Census Urban Areas category. Metrics for lake access were developed from national datasets on public boat launches, transportation, and public lands. LAGOS-US HUMAN v1 provides a link between lake data and human contexts, facilitating interdisciplinary research in limnology, urban ecology, environmental justice, and conservation. To facilitate such studies, users are encouraged to use the other three core data modules of the LAGOS-US platform: LOCUS (location, identifiers, and physical characteristics of lakes and their watersheds); GEO (geospatial ecological context at multiple spatial and temporal scales); and LIMNO (in situ lake physical, chemical, and biological measurements through time) that are each found in their own data packages.
Nigeria is the African country with the largest population, counting over 230 million people. As of 2024, the largest city in Nigeria was Lagos, which is also the largest city in sub-Saharan Africa in terms of population size. The city counts more than nine million inhabitants, whereas Kano, the second most populous city, registers around 3.6 million inhabitants. Lagos is the main financial, cultural, and educational center in the country. Where Africa’s urban population is booming The metropolitan area of Lagos is also among the largest urban agglomerations in the world. Besides Lagos, another most populated citiy in Africa is Cairo, in Egypt. However, Africa’s urban population is booming in other relatively smaller cities. For instance, the population of Bujumbura, in Burundi, could grow by 123 percent between 2020 and 2035, making it the fastest growing city in Africa and likely in the world. Similarly, Zinder, in Niger, could reach over one million inhabitants by 2035, the second fastest growing city. Demographic urban shift More than half of the world’s population lives in urban areas. In the next decades, this will increase, especially in Africa and Asia. In 2020, over 80 percent of the population in Northern America was living in urban areas, the highest share in the world. In Africa, the degree of urbanization was about 40 percent, the lowest among all continents. Meeting the needs of a fast-growing population can be a challenge, especially in low-income countries. Therefore, there will be a growing necessity to implement policies to sustainably improve people’s lives in rural and urban areas.
This statistic shows the total population of Nigeria from 2013 to 2023 by gender. In 2023, Nigeria's female population amounted to approximately 112.68 million, while the male population amounted to approximately 115.21 million inhabitants.
1,47 (%) in 2002. Intercensal average annual growth rate of population. Periods: 1970-1982, 1982-1992 and 1992-2002. Calculated with the formula Pf = Pi * e^(r * t), where Pf and Pi are the final and initial population, respectively, of each period; "t" is the time interval considered in years, and "r" is the annual average growth rate. 1970-1992: calculated as 1982 Census readjusted to the DPA effect at the 1992 Census.
Nigeria's population structure reveals a youthful demographic, with those aged **** years comprising the largest age group compared to the total of those between the ages of 30 and 84 years. The majority of the young population are men. This demographic trend has significant implications for Nigeria's future, particularly in terms of economic development and social services. It has the potential to offer a large future workforce that could drive economic growth if it is adequately educated and employed. However, without sufficient investment in health, education, and job creation, this youth bulge could strain public resources and fuel unemployment and social unrest. Poverty challenges amid population growth Despite Nigeria's large youth population, the country faces substantial poverty challenges. This is largely due to its youth unemployment rate, which goes contrary to the expectation that the country’s large labor force would contribute to employment and the economic development of the nation. In 2022, an estimated **** million Nigerians lived in extreme poverty, defined as living on less than **** U.S. dollars a day. This number is expected to rise in the coming years, indicating a growing disparity between population growth and economic opportunities. The situation is particularly dire in rural areas, where **** million people live in extreme poverty compared to *** million in urban centers. Linguistic and ethnic diversity Nigeria's population is characterized by significant linguistic and ethnic diversity. Hausa is the most commonly spoken language at home, used by ** percent of the population, followed by Yoruba at ** percent and Igbo at ** percent. This linguistic variety reflects Nigeria's complex ethnic composition, with major groups including Hausa, Yoruba, Igbo, and Fulani. English, the country's official language, serves as the primary language of instruction in schools, promoting literacy across diverse communities.
In 2022, Nigeria's population was estimated at around *** million individuals. Demographic projections show that the Nigerian population might experience a constant increase in the next decades. By 2050, it is forecast that the population will grow to over *** million people compared to 2022.
Lagos, in Nigeria, ranked as the most populated city in Africa as of 2024, with an estimated population of roughly nine million inhabitants living in the city proper. Kinshasa, in Congo, and Cairo, in Egypt, followed with some 7.8 million and 7.7 million dwellers. Among the 15 largest cities in the continent, another two, Kano, and Ibadan, were located in Nigeria, the most populated country in Africa. Population density trends in Africa As of 2022, Africa exhibited a population density of 48.3 individuals per square kilometer. At the beginning of 2000, the population density across the continent has experienced a consistent annual increment. Projections indicated that the average population residing within each square kilometer would rise to approximately 54 by the year 2027. Moreover, Mauritius stood out as the African nation with the most elevated population density, exceeding 640 individuals per square kilometre. Mauritius possesses one of the most compact territories on the continent, a factor that significantly influences its high population density. Urbanization dynamics in Africa The urbanization rate in Africa was anticipated to reach close to 44 percent in 2021. Urbanization across the continent has consistently risen since 2000, with urban areas accommodating 35 percent of the total population. This trajectory is projected to continue its ascent in the years ahead. Nevertheless, the distribution between rural and urban populations shows remarkable diversity throughout the continent. In 2021, Gabon and Libya stood out as Africa’s most urbanized nations, each surpassing 80 percent urbanization. In 2023, Africa's population was estimated to expand by 2.35 percent compared to the preceding year. Since 2000, the population growth rate across the continent has consistently exceeded 2.45 percent, reaching its pinnacle at 2.59 percent between 2012 and 2013. Although the growth rate has experienced a deceleration, Africa's population will persistently grow significantly in the forthcoming years.
In 2020, the Nigerian government allocated one of its highest disbursements to the State of Lagos, which received *** billion Naira. Of this, the local government of Alimosho was given *** billion Naira, the largest amount among the ** local governments. The FAAC (Federal Account Allocation Committee) disbursements represent the funds given to states and regions. They are allocated in proportion to each state population and, consequently, to the number of local governments in the state.
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The Nigerian food service market, encompassing diverse segments like cafes, restaurants (full-service and quick-service), and cloud kitchens, is experiencing robust growth. While precise market size figures for 2019-2024 are not provided, a logical estimation based on global trends and the projected CAGR suggests a substantial market value. The rising middle class, increasing urbanization, and a young, tech-savvy population are key drivers. The preference for convenience fuels the growth of quick-service restaurants (QSRs) and cloud kitchens, while the increasing popularity of international cuisines expands the full-service restaurant (FSR) sector. Growth is further fueled by the burgeoning tourism sector, impacting the food service offerings in leisure, lodging, and travel locations. However, challenges remain, including infrastructural limitations, fluctuating food prices, and competition from informal street food vendors. The market is segmented by food service type (cafes, QSRs, FSRs, cloud kitchens), cuisine (ranging from local delicacies to international options), outlet type (chained versus independent), and location (standalone, retail, leisure, etc.). This segmentation reveals dynamic market behavior with certain cuisines and outlet types showing higher growth than others. Furthermore, the influence of established players like Devyani International (Nigeria) Limited and others reflects the competitive landscape and ongoing investments in the sector. The forecast period (2025-2033) holds immense potential as the market continues to mature and adapt to evolving consumer preferences. The future trajectory of the Nigerian food service market hinges on several factors. Successful operators will need to adapt to changing consumer preferences, manage rising food costs effectively, and leverage technology for efficient operations and customer engagement. Investment in infrastructure, particularly reliable power and supply chains, will play a crucial role in overall market development. The expanding middle class's increasing disposable income will continue to fuel demand. The potential for significant growth is further enhanced by strategies focused on innovative menu offerings, improved service quality, and effective marketing campaigns targeting specific demographic segments. Furthermore, strategic partnerships and collaborations within the food service ecosystem could lead to accelerated growth and the emergence of new market leaders in the coming years. Government policies aimed at fostering a favorable business environment will be crucial to unlocking the full potential of this vibrant sector. Recent developments include: December 2022: Jumia Food, the leading online food delivery platform in Nigeria, partnered with Domino’s Pizza, a world-leading pizza brand, to offer consumers access to meals from the comfort of their homes. The partnership will provide a steady supply of Domino’s portfolio to consumers through the Jumia Food platform and ensure they receive their orders in a short time.April 2022: Sundry Foods Limited opened five new outlets in Lagos, Abuja, and Port Harcourt across the country. The new outlets include three brands: Kilimanjaro, Pizza Jungle, and Kiligrill.October 2021: Food Concepts, a leading quick service restaurant (QSR) operator in West Africa, opened its 200th store in the region. The fast-food chain operates stores across Nigeria and Ghana, trading under the Chicken Republic, PieXpress, and Chop Box brands.. Notable trends are: Increased tourist arrivals from Asia led to great exposure to diverse Asian cuisines.
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Background: Epidemiologic Hidradenitis Suppurativa (HS) studies from Africa are lacking. This study aimed at uncovering the prevalence of HS in Lagos, Nigeria, validate an HS screening questionnaire, and to contribute to the Global Hidradenitis Suppurativa Atlas (GHiSA). Methods: This was a cross-sectional study of 802 healthy adults accompanying their relations to the outpatient clinic of Family Medicine and Ophthalmology at the Lagos State University Teaching Hospital in Lagos, Nigeria following ethical approval. Verbal and written consent were obtained prior to inclusion of study participants. The study was conducted using a validated screening questionnaire. Screen positive and randomly selected screen negative participants were clinically examined. Severity was categorized using the Hurley Score. Results: The prevalence of HS in the sample was 2.2% (18/802; 95% CI:1.4% - 3.5%) with no gender predominance. The mean age in the HS group was 34 years (IQR 28-42), and the median BMI of the HS patients was 27.0 (IQR 21.4-28.6). There was no significant difference in BMI between the HS and control group. The screening questionnaire had a sensitivity of 1 (18/18), specificity of 0.8 (20/25), positive predictive value of 0.8 (18/23), and a negative predictive value of 1 (20/20). The axilla was the predominant site of affection (66.7%), and all HS patients were classified as mild disease (Hurley Score I). Conclusion: The prevalence of HS in Lagos, Nigeria was 2.2% and, in this population, BMI did not appear to be a risk factor. The axilla was the most affected site, and all patients had a mild disease severity (Hurley Score I). Finally, the HS screening questionnaire is a suitable tool in population surveys.
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<ul style='margin-top:20px;'>
<li>Nigeria birth rate for 2024 was <strong>35.68</strong>, a <strong>8.28% increase</strong> from 2023.</li>
<li>Nigeria birth rate for 2023 was <strong>32.95</strong>, a <strong>0.72% decline</strong> from 2022.</li>
<li>Nigeria birth rate for 2022 was <strong>33.19</strong>, a <strong>1.06% decline</strong> from 2021.</li>
</ul>Crude birth rate indicates the number of live births occurring during the year, per 1,000 population estimated at midyear. Subtracting the crude death rate from the crude birth rate provides the rate of natural increase, which is equal to the rate of population change in the absence of migration.
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In 2023, the global market size for the Nigeria food and drink industry was valued at USD 50 billion, with a forecasted growth to USD 90 billion by 2032, driven by a compound annual growth rate (CAGR) of 6.5%. This robust growth is primarily fueled by increasing disposable incomes, urbanization, and changing consumer preferences towards convenience and processed foods. The market is witnessing substantial investments in infrastructure, technology, and retail innovations to cater to the evolving consumer demands.
The growth factors contributing to the expansion of the Nigeria food and drink market can be largely attributed to the country's demographic dynamics. Nigeria, with a population exceeding 200 million, has one of the fastest-growing populations in the world. This burgeoning population, coupled with a rising middle class, has led to an increased demand for diverse food and beverage products. Urbanization is another critical factor, as more Nigerians move to cities, where they experience higher incomes and access to a wider variety of food options, including international cuisines and convenience foods, thereby driving market growth.
Furthermore, Nigeria's economic reforms and government initiatives aimed at improving agricultural productivity have significantly boosted the food and drink sector. Policies such as the Agricultural Promotion Policy (APP) and incentives for local food production aim to reduce dependency on imports and enhance food security. These efforts have encouraged investments in food processing industries, fostering local production and reducing prices, making food products more accessible to the average consumer. Additionally, the government's focus on improving infrastructure, such as transportation and storage facilities, has facilitated better market linkages and supply chain efficiencies.
Technological advancements and innovations in the food and beverage industry are also pivotal to the market's growth. The adoption of modern farming techniques, food processing technologies, and advancements in packaging have improved the quality and shelf-life of food products. The rise of e-commerce platforms has further transformed the distribution landscape, providing consumers with the convenience of online grocery shopping. Companies are leveraging data analytics to understand consumer preferences and tailor their products accordingly, enhancing customer satisfaction and loyalty.
On a regional level, the market outlook for Nigeria's food and drink industry is quite promising. The South-West region, home to Lagos, the commercial hub of Nigeria, represents the largest market due to its dense population and higher purchasing power. Other regions, such as the North-West and South-South, are also experiencing significant growth, driven by improving economic conditions and infrastructural developments. The regional diversity in terms of consumer preferences and local cuisines presents both opportunities and challenges for market players looking to cater to a wide array of tastes and preferences.
The Nigeria food and drink market is segmented into two main product types: food and beverages. The food segment encompasses a wide range of products, including staples such as rice, maize, and wheat, as well as processed foods, snacks, and ready-to-eat meals. This segment is driven by the increasing demand for convenience foods as busy lifestyles and urbanization take center stage. Consumers are shifting towards ready-to-eat meals and packaged foods that offer ease of preparation without compromising on taste and nutrition. The rising trend of healthy eating has also led to a surge in demand for organic and natural food products, further fueling the growth of the food segment.
The beverage segment includes both alcoholic and non-alcoholic drinks such as water, soft drinks, juices, coffee, tea, beer, wine, and spirits. The growth in this segment is attributed to the rising disposable incomes, changing consumer lifestyles, and increasing awareness about health and wellness. Non-alcoholic beverages, particularly bottled water and fruit juices, are gaining popularity as consumers seek healthier alternatives to sugary drinks. The alcoholic beverage market, on the other hand, is driven by the increasing social acceptance of moderate alcohol consumption and the proliferation of pubs, bars, and restaurants in urban areas. Innovations in product offerings, such as low-calorie and functional beverages, are also contributing to the growth of the beverage segment.
The 2007 Nigeria Enterprise Survey was part of the UK Department for International Development/World Bank Group Investment Climate Program (ICP) that was launched by the Minister of Finance in August 2007. This program was a response to the request from the Nigeria Federal Minister of Finance to the World Bank Group and UK Department for International Development (DFID) to assist in the development of a diagnostic base on which enterprise and investment climate constraints could be measured and benchmarked internally across the 36 states and the Federal Capital Territory of Nigeria and internationally against key comparator countries, particularly the "BRIC" countries (Brazil, Russia, India and China).
The survey was conducted between September 2007 and February 2008. Data from 2387 establishments was analyzed. The survey was administered across 11 states (Abia, Anambra, Abuja, Bauchi, Cross Rivers, Enugu, Kaduna, Kano, Lagos, Ogun and Sokoto) and included manufacturing and services firms of different sizes.
The objective of the Enterprise Surveys is to obtain feedback from companies in client countries on the state of the private sector as well as to help in building a panel of enterprise data that will make it possible to track changes in the business environment over time, thus allowing, for example, impact assessments of reforms. Through face-to-face interviews with firms in the manufacturing and services sectors, the survey assesses the constraints to private sector growth and creates statistically significant business environment indicators that are comparable across countries.
The standard Enterprise Survey topics include firm characteristics, gender participation, access to finance, annual sales, costs of inputs/labor, workforce composition, bribery, licensing, infrastructure, trade, crime, competition, capacity utilization, land and permits, taxation, informality, business-government relations, innovation and technology, and performance measures. Over 90% of the questions objectively ascertain characteristics of a country’s business environment. The remaining questions assess the survey respondents’ opinions on what are the obstacles to firm growth and performance.
National
The primary sampling unit of the study is the establishment. An establishment is a physical location where business is carried out and where industrial operations take place or services are provided. A firm may be composed of one or more establishments. For example, a brewery may have several bottling plants and several establishments for distribution. For the purposes of this survey an establishment must make its own financial decisions and have its own financial statements separate from those of the firm. An establishment must also have its own management and control over its payroll.
The whole population, or the universe, covered in the Enterprise Surveys is the non-agricultural economy. It comprises: all manufacturing sectors according to the ISIC Revision 3.1 group classification (group D), construction sector (group F), services sector (groups G and H), and transport, storage, and communications sector (group I). Note that this population definition excludes the following sectors: financial intermediation (group J), real estate and renting activities (group K, except sub-sector 72, IT, which was added to the population under study), and all public or utilities sectors.
Sample survey data [ssd]
The sample includes 2387 establishments: 1891 enterprises have at least 5 full-time employees and 496 are micro establishments with less than 5 full-time workers.
The sample for enterprises with more than four employees was designed using stratified random sampling with strata defined by region, sector and firm size.
Establishments located in 11 states - Abia, Anambra, Abuja, Bauchi, Cross Rivers, Enugu, Kaduna, Kano, Lagos, Ogun and Sokoto - were interviewed.
Following the ISIC (revision 3.1) classification, the following industries were targeted: all manufacturing sectors (group D), construction (group F), retail and wholesale services (subgroups 52 and 51 of group G), hotels and restaurants (group H), transport, storage, and communications (group I), and computer and related activities (sub-group 72 of group K). For establishments with five or more full-time permanent paid employees, this universe was stratified according to the following categories of industry: 1. Manufacturing: Food and Beverages (Group D, sub-group 15); 2. Manufacturing: Garments (Group D, sub group 18); 3. Manufacturing: Other Manufacturing (Group D excluding sub-groups 15 and 18); 4. Retail Trade: (Group G, sub-group 52); 5. Rest of the universe, including: • Construction (Group F); • Wholesale trade (Group G, sub-group 51); • Hotels, bars and restaurants (Group H); • Transportation, storage and communications (Group I); • Computer related activities (Group K, sub-group 72).
Size stratification was defined following the standardized definition used for the Enterprise Surveys: small (5 to 19 employees), medium (20 to 99 employees), and large (more than 99 employees). For stratification purposes, the number of employees was defined on the basis of reported permanent full-time workers.
The sampling frame of establishments with 5 employees and more was built with lists sourced from the Nigeria Manufacturer Association, the National Bureau of Statistics in Abia, Anambra, Abuja, Cross River, Enugu, Kaduna, Lagos, the ministry of commerce and industry in Ogun, Kano, Bauchi, and from the Abuja Business Directory, the Sokoto Business Directory. This master list was used to set the target sample size for each stratum. During the survey period, the list was updated as new information regarding establishments that had closed or were out-of-scope was gathered. The final population size in all strata and locations was 771018 with the vast majority of establishments operating in the micro and manufacturing strata. The sample (including the entire rest of universe and retail sample in each state) was selected at random from the master list by a computer program.
In this survey, the micro establishment stratum covers all establishments of the targeted categories of economic activity with less than 5 employees. The implementing agency (EEC Canada) selected an aerial sampling approach to estimate the population of establishments and select the sample in this stratum for all states of the survey.
First, to randomly select individual micro establishments for surveying, the following procedure was followed: i) select districts and specific zones of each district where there was a high concentration of micro establishments; ii) count all micro establishments in these specific zones; iii) based on this count, create a virtual list and select establishments at random from that virtual list; and iv) based on the ratio between the number selected in each specific zone and the total population in that zone, create and apply a skip rule for selecting establishments in that zone.
The districts and the specific zones were selected at first according to local sources. The EEC team then went in the field to verify the sources and to count micro establishments. Once the count for each zone was completed, the numbers were sent back to EEC head office in Montreal.
At the head office, the count by zone was converted into one list of sequential numbers for the whole survey region, and a computer program performed a random selection of the determined number of establishments from the list. Then, based on the number that the computer selected in each specific zone, a skip rule was defined to select micro establishments to survey in that zone. The skip rule for each zone was sent back to the EEC field team.
In Nigeria, enumerators were sent to each zone with instructions how to apply the skip rule defined for that zone as well as how to select replacements in the event of a refusal or other cause of non-participation.
Face-to-face [f2f]
The current survey instruments are available: - Core Questionnaire + Manufacturing Module [ISIC Rev.3.1: 15-37] - Core Questionnaire + Retail Module [ISIC Rev.3.1: 52] - Core Questionnaire [ISIC Rev.3.1: 45, 50, 51, 55, 60-64, 72] - Micro Establishments Questionnaire (for establishments with 1 to 4 employees).
The "Core Questionnaire" is the heart of the Enterprise Survey and contains the survey questions asked of all firms across the world. There are also two other survey instruments - the "Core Questionnaire + Manufacturing Module" and the "Core Questionnaire + Retail Module." The survey is fielded via three instruments in order to not ask questions that are irrelevant to specific types of firms, e.g. a question that relates to production and nonproduction workers should not be asked of a retail firm. In addition to questions that are asked across countries, all surveys are customized and contain country-specific questions. An example of customization would be including tourism-related questions that are asked in certain countries when tourism is an existing or potential sector of economic growth.
The survey topics include firm characteristics, gender participation, access to finance, annual sales, costs of inputs/labor, workforce composition, bribery, licensing, infrastructure, trade, crime, competition, capacity utilization, land and permits, taxation, informality, business-government relations, innovation and technology, registration, and performance measures. The questionnaire also assesses the survey respondents' opinions on
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Key information about Nigeria Registered Motor Vehicles
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The Nigerian gas station industry, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 1.50%, presents a dynamic market landscape. The market size, while not explicitly stated, can be reasonably estimated based on comparable markets and the industry's growth trajectory. Considering a conservative estimate, assuming a current market size (2025) in the range of $500 million to $1 billion (USD), the industry's value is projected to significantly expand over the forecast period (2025-2033). This growth is fueled by several key drivers: a burgeoning automotive sector, increasing vehicle ownership, rising disposable incomes among the Nigerian population, and expanding road networks. Further growth is likely driven by government initiatives aimed at improving infrastructure and facilitating easier access to fuel, though any negative impact of fluctuating global crude oil prices and potential regulatory changes must be considered. Segmentation analysis, encompassing production, consumption, import, and export data, will reveal specific opportunities and challenges within the market. This data, coupled with a detailed price trend analysis, will provide crucial insights for informed decision-making. Key players such as TotalEnergies SE, NNPC, Almoner Petroleum, Sharon Group Nigeria, Oando PLC, and MRS Holdings Ltd. are actively shaping the competitive landscape, employing various strategies to secure market share. A regional breakdown, focusing on data specifically for Niger, would further delineate market dynamics and potential for expansion. The historical period (2019-2024) provides a baseline for understanding past performance and informing future projections. Challenges such as logistical issues, fuel adulteration, and inconsistent supply chains could potentially hinder growth. However, the industry's future outlook remains positive, given the ongoing expansion of Nigeria's economy and the increasing demand for automotive fuel. Comprehensive research and analysis will identify untapped opportunities, predict market shifts, and inform strategic investment decisions within this promising sector. Recent developments include: In November 2021, Energy firm Ardova PLC announced the completion of a complete acquisition of Enyo Retail and Supply Limited. The takeover of Enyo Retail and Supply Limited has automatically transferred the 90 filling stations and about 100,000 customers maintained by Enyo's former owner to the Ardova Group., In November 2021, Rainoil Limited announced purchasing of 61% holding in Eterna Oil PLC via an indirect acquisition., In August 2021, the Department of Petroleum Resources (DPR) announced the reopening of five filling stations shut by the Lagos State Building Control Agency (LASBCA) in the Ajah and Ibeju Lekki axis of the state.. Notable trends are: Smuggling of Crude Oil and Refined Products is expected to Restrain the Market.
Examinations of ‘peri-urban’ remain elusive and often neglected by urban planners. However, these transitional zones are constantly under pressure by increasing populations from inner cities and migrants from the surrounding rural areas. The result in most developing countries is uncontrolled or unplanned landscapes. Although urban growth is inevitable and land use changes are imminent as peri-urban expansions of cities, peri-urban areas are pivotal regarding the agricultural resources necessary to urban survival. Understanding the development patterns, emerging urban forms, and their influences on peri-urban areas require an understanding of development decisions. Such knowledge will help decision makers and urban managers develop appropriate policies to address growth in ‘edge’ cities. This study focuses on the organic growth of Ikorodu, a peri-urban municipality on the outskirts of Lagos that emerged from a sleepy farming community with a population less than 100,000 in 1975 to a vibrant city exceeding one million residents in 2015. The study employs a multi-temporal remote sensing and GIS analysis to detect the urban pattern and emergent form over a 40-year period from 1975 to 2015. An empirical analysis was performed using survey data on 300 homeowners in 61 communities to identify the influences of rapid growth and the responses of planners to the city’s growth
Market Size for Nigeria Cold Chain Industry on the Basis of Revenues in USD Million, 2018-2023 In 2023, ColdHubs introduced additional solar-powered cold storage units aimed at improving rural access to temperature-controlled storage, reducing food waste, and extending the shelf life of perishable agricultural products. Lagos and Kano are key markets due to their large population sizes, high food demand, and importance as trade hubs within Nigeria's economy. The Nigeria cold chain market reached a valuation of NGN 160 Billion in 2023, driven by the increasing demand for temperature-controlled logistics for perishable goods, a growing population, and the rising importance of reducing post-harvest losses and maintaining pharmaceutical integrity. The market is characterized by major players such as ColdHubs, Koolboks, Ifrige Logistics, and ABC Transport. These companies are recognized for their expansive distribution networks, innovative storage solutions, and a focus on sustainability.
As of July 2024, Nigeria's population was estimated at around 229.5 million. Between 1965 and 2024, the number of people living in Nigeria increased at an average rate of over two percent. In 2024, the population grew by 2.42 percent compared to the previous year. Nigeria is the most populous country in Africa. By extension, the African continent records the highest growth rate in the world. Africa's most populous country Nigeria was the most populous country in Africa as of 2023. As of 2022, Lagos held the distinction of being Nigeria's biggest urban center, a status it also retained as the largest city across all of sub-Saharan Africa. The city boasted an excess of 17.5 million residents. Notably, Lagos assumed the pivotal roles of the nation's primary financial hub, cultural epicenter, and educational nucleus. Furthermore, Lagos was one of the largest urban agglomerations in the world. Nigeria's youthful population In Nigeria, a significant 50 percent of the populace is under the age of 19. The most prominent age bracket is constituted by those up to four years old: comprising 8.3 percent of men and eight percent of women as of 2021. Nigeria boasts one of the world's most youthful populations. On a broader scale, both within Africa and internationally, Niger maintains the lowest median age record. Nigeria secures the 20th position in global rankings. Furthermore, the life expectancy in Nigeria is an average of 62 years old. However, this is different between men and women. The main causes of death have been neonatal disorders, malaria, and diarrheal diseases.