By Chiagoziem Abosi
2024 was quite the year for Nigeria—a whirlwind of massive budgets, creative breakthroughs, and significant milestones. If numbers tell stories, then 2024 gave us plenty to remember. Let’s dive into the figures that defined the year.
₦21 Billion for Renovations
One of the most debated numbers this year was the ₦21 billion allocated for renovating the Vice President’s residence. “With so many pressing needs, why spend so much on one building?” Aisha, a student in Lagos, questioned. The outcry from Nigerians online was relentless, with hashtags like #VPResidence trending for weeks.
50 Million Streetwear Market Growth
The fusion of Ankara with streetwear wasn’t just about fashion; it was about creating an industry. Nigerian designers added ₦50 million to the country’s fashion economy. “Our designs are now sought after in Paris and New York!” said Ada, a fashion designer in Abuja.
1 Billion TikTok Views for Naija Memes
Memes and dance challenges became the antidote to stress for many Nigerians in 2024. The hashtag #NaijaLaughs garnered over 1 billion views on TikTok, featuring relatable skits and moments that united Nigerians in laughter.
₦265 Trillion National Budget
The national budget for 2024 was a record-breaking ₦265 trillion. While the government promised transformative projects, skepticism lingered. “It’s a big figure, but will it translate to better roads, schools, and healthcare?” asked Emeka, an entrepreneur in Enugu.
VDM’s 180 Million
2024 was also a standout year for Very Dark Man (VDM), whose influence reportedly generated ₦180 million across advocacy projects, endorsements, and partnerships. Known for his viral moments and fearless call-outs of injustice, VDM’s ability to connect with Nigerians made him a household name. “VDM’s content is real and relatable,” said Tunde, a university student in Ibadan. “He speaks to the struggles of the everyday Nigerian.”
₦21 Billion in Remittances from the JAPA Boom
The Nigerian diaspora continued to fuel the economy, with remittances hitting ₦21 billion in 2024. Many families and businesses benefitted from this influx. “Every month, my brother abroad sends money home to help our parents,” said Tolu, a nurse in Lagos.
4 Gold Medals at the World Championships
Nigeria ended the World Athletics Championships with an impressive four gold medals. Tobi Amusan reclaimed her title in the 100m hurdles, and Ese Brume soared to victory in the long jump. “These women remind us that Nigeria can lead globally when given the chance,” said Kemi, a teacher in Ibadan.
₦3.5 Trillion Spent on Fuel Subsidies
The debate over fuel subsidies continued to dominate headlines, with ₦3.5 trillion spent to keep pump prices manageable. “This money could have gone into building refineries,” lamented Musa, a mechanic in Kaduna.
2024 was a year of contrasts—ambitious budgets, significant achievements, and moments of reflection. As we gear up for 2025, one thing remains clear: Nigerians will continue to adapt, innovate, and find joy, no matter what challenges lie ahead.
So, what number defined your 2024?
Sources:
Central Bank of Nigeria
Budget Office of the Federation
Athletics World Championships Official Report
Naira Metrics
Nigerian Bureau of Statistics
