No fewer than 5,323,905 passengers passed through Nnamdi Azikiwe International Airport, Abuja, between January and December 2021. This shows a 37.23 per cent increase from 2020.
 
He further said that in 2018, the International Civil Aviation Organization audited the airport and certified it safe for flight operations with a 96 percent score, noting that the recertification process was ongoing.
 
“The trajectory of progress has been upward ever since, as passengers and stakeholders have commended the level of facilities and service delivery at the airport. As a testament to this, the airport was adjudged the Best Airport in Safety for the year 2018 by Airport Council International, Africa Region. The airport also received ACI’s Airport Service Quality Award in the year 2020, amongst several others.
 
More details at:
https://punchng.com/abuja-airport-hosted-five-million-passengers-in-2021-faan

There was a clear understanding from the report that the Northern consumer is unique in every way, characterised by a culture-influenced lifestyle, the importance of religion in daily choices and respect for social-cultural religious institutions and roles. “The Northern region accounts for 71 percent of the total land mass of Nigeria, 54 per cent of the total population and about 30 percent of the national GDP”, the report stated.
 
The report which examined the Northern market opportunities for marketers further gave an insight by providing the items the amount was spent on. It showed that $745 million amount was spent monthly on top seven personal care products such as toothpaste, beauty soap, perfume, body lotion, sanitary pads, deodorants and antibacterial soaps.
 
Providing a breakdown of the spending on drinks, the report said “53% of northern consumers consume some form of non-alcoholic drinks several times every single week, 66 per cent currently consume CSDs, 45 percent consume Malt drinks, 24 percent consume fruit-based drinks, 5 percent take wine products and 15% are consumers of Energy drink products. Over 60 percent have Zobo and unbranded milk products within their repertoire of drinks.”
 
More details at:
https://www.thisdaylive.com/index.php/2022/09/29/appraising-northern-market-and-its-spending-habits
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Nigeria now retains $7 billion out of about $21 billion spending in the oil and gas industry in the country yearly, the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has said.
 
The NCDMB boss disclosed this while speaking on the 6th anniversary of his first appointment as the Executive Secretary of the Board. He explained that before the introduction of the Board in 2010, Nigeria’s industry capacity hovered around three per cent.
 
“The yearly spend before now in the industry was $21 billion year-on-year. So, today, we have clawed back $7 billion of industry spending into the country every year. A typical example is the Egina project. Egina which is almost $21 billion, majority of the fabrication was done in-country including topside integration, which was never done in Africa,” he said.
 
More details at:
https://guardian.ng/business-services/nigeria-retains-7b-yearly-oil-sector-industry-spending-says-wabote 

In a bid to boost funding for Nigerian creatives, the African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the French Development Agency (FDA) have announced plans to invest the sum of $618 million in the Digital and Creative Enterprises Programme (I-DICE) in Nigeria.
 
This was disclosed by the president of the AfDB, Dr Akinwumi Adesina, at the Nigeria International Economic Partnership Forum during the 77th United Nations General Assembly in New York.
 
AfDB added that the fund would support 225 creative start-ups and 451 digital technologies small and medium-sized enterprises, or digital SMEs.
 
More details at:
https://nairametrics.com/2022/09/23/afdb-islamic-development-bank-france-to-invest-618-million-in-nigerian-creatives
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The National Bureau of Statistics has stated in its electricity report for H1 2022, that the number of metered consumers for Q2 2022 was 4,958,795, compared to 4,789,799 in Q1 2022.
 
The report also shows that the estimated billing consumers for Q1 was 5,840,927, while a higher rate was recorded for Q2 at 5,849,152.
 
Nairametrics had earlier reported that data from the Nigerian Electricity Regulatory Commission (NERC) showed the registered energy customer population stood at 12.78 million, of which only 4.77million (37.3% of the identified customers) were metered, leaving the unmetered population at 8.01million customers (62.7% of the registered customers) as of September 2021.
 
More details at:
https://nairametrics.com/2022/09/23/number-of-metered-electricity-consumers-in-nigeria-increased-to-4-9-million-in-q2-2022
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Airports in Nigeria had 15.8 million passengers passing through them in 2021, a 69 percent rise in air passenger rate, according to the Federal Airports Authority of Nigeria (FAAN).
 
The Managing Director of FAAN, Capt. Rabiu Yadudu who spoke at the 2022 Airline and Airport Business Summit, said the growth of air transport statistics has improved rapidly after the COVID-19 pandemic, disclosing that the passenger figure rose from 9.3 million in 2020 to 15.8m in 2021, showing an increase of 69% while aircraft movement increased by over 46% after the COVID-19.
 
On cargo movement, Yadudu said 191,000 tons of cargo were recorded in 2020, but rose to 381,000 tons in 2021, adding that the authority is working with other stakeholders in the air cargo logistics value chain to improve cargo export.
 
More details at:
https://dailytrust.com/nigerian-airports-processed-15-8m-passengers-in-1-year
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Despite the scarcity of fertilisers in the country, eight vessels have departed Nigeria with 243,217 tonnes of bulk urea valued at $231.9 million to Brazil, Mexico, Argentina and other destinations. Dangote, Notore and Indorama firms are the leading producers of the commodity in the country. It was gathered that the country is now self-sufficient in the production of urea and the leading producer of the fertiliser brand in Africa as it produces six million metric tonnes of urea with over 70 blending plants.
 
Data by the National Bureau of Statistics (NBS) revealed that the country’s export of urea increased from $38.6 million in first quarter, 2021 to $480 million or 92 percent urea in the first quarter of 2022. It noted that the country also exported $145.4 million worth of urea to Brazil in 2021. Currently, Nigeria has been ranked by the United Nations Food and Agriculture Organisation (FAO) as the 12th largest urea fertiliser producer globally at a production capacity of 1.62 million tonnes and the 16th largest exporter with a volume of 722,479 tonnes...
 
More details at:
https://www.newtelegraphng.com/nigeria-exports-n100-7bn-fertilizer-to-brazil-others  

Nigeria exported agricultural goods worth $787 million in the first half of the year, an increase of 17.3% from $671 million recorded in the corresponding period of 2021. It is, however, a rise of 61.9% compared to $486 million recorded in the second half of 2021. This is according to a breakdown in the foreign trade report released by the National Bureau of Statistics (NBS).
 
On the other hand, Nigeria imported agricultural goods worth $2.1 billion in H1 2022. This represents an increase of 11% compared to the $1.9 billion recorded in the corresponding period of 2021, while it declined by 21% from $2.6 billion recorded in the second half of 2021.
 
More details at:
https://nairametrics.com/2022/09/22/nigerias-top-agricultural-exports-in-h1-2022
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In 2023, the app-based mobile gaming market in Nigeria is estimated to be worth approximately $126 million. But globally, the revenue from mobile games is expected to reach $164.10 billion before the end of 2022. In Nigeria, the revenue in the mobile games segment is projected to reach $30.91 million in 2022 as it is expected to show an annual growth rate (CAGR 2022-2027) of 8.14 per cent, resulting in a projected market volume of $45.72 million by 2027. In the mobile games segment, the number of users is expected to amount to 104.9 million users by 2027. User penetration is projected to be 33.4 per cent in 2022 and hit 42.8 per cent by 2027. In global comparison, most revenue will be generated in China ($47,220.00 million in 2022). According to estimates from Statista Digital Market Outlook, the average revenue per user (ARPU) in the mobile games segment is projected to amount to $0.43 in 2022, while in the year 2021 a share of 45.7 per cent of users was in the high-income group.
 
The number of mobile gamers increases in proportion with the internet users penetrations. As of January 2022, Nigeria had over 109 million internet users — the highest number reported all over Africa. Egypt ranked second with over 75 million users. The majority of web traffic in leading digital markets in Africa originated from mobile devices — in Nigeria, one of the countries with the largest number of internet users worldwide...
 
More details at:
https://www.newtelegraphng.com/nigerias-mobile-game-revenue-to-hit-n63bn-in-2023
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Some 481 technology startups were in operation across Nigeria as of September 2022, employing over 19,000 people between them.
 
Of this, Fintech is the most populated sector, with more than one-third of the country’s tech startups active in that vertical.
 
According to the Nigerian Startup Ecosystem Report 2022 from Disrupt Africa, which disclosed, almost 50 percent of Nigerian tech startups have undergone some form of acceleration or incubation, even though diversity remains an issue, as less than 15.6 percent have a female co-founder.
 
The report said Nigerian startups are, however, only the third most successful when it comes to successful exits, with 15 ventures acquired since 2015, fewer than South Africa and Egypt. According to the report, the Nigerian startups have so far raised a total of $747.9 million this year.
 
More details at:
https://guardian.ng/business-services/481-tech-startups-employ-19000-raise-2-1b-in-seven-years
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