Ibadan in Nigeria

October 2024

The Ibadan in Nigeria report provides comprehensive city level information benchmarked against other cities in the country and region. The report includes historic data and forecasts on city population, consumer expenditure, digital penetration, wealth and other consumer topics. On top of the consumer analysis, economic city landscape is represented including statistics and projections for key macroeconomic, labour and transport indicators.

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Overview:

Ibadan in Nigeria is based on Euromonitor’s City Scorecard. The scorecard is a benchmarking tool used to evaluate the consumer and economic performance of 1,000+ largest cities globally. The scorecard considers indicators across eight key pillars that are at the core of a city’s consumer market development. The scorecard is built by ranking cities in a country/regional context and provides an easy-to-understand system to quickly identify city-specific risks and opportunities.

Euromonitor’s City Scorecard covers over 30 indicators in eight pillars:
• Population
• Consumer Expenditure
• Digital Consumer
• Wealth
• Possession of Household Durables
• Economy
• Labour
• Transport

Ibadan in Nigeria helps to evaluate potential market size by city and formulate a more informed image of the urban consumer. Key economic indicators combined with income, spending and employment data help businesses map potential market sizes. Comparative data and newest city insights will help businesses customize and tailor country market entry strategies pinpointing the cities with the most future potential.

The Ibadan in Nigeria market research report includes:

  • Major Ibadan cities scorecard
  • Detailed ranking of cities in terms of future growth, wealth, labour and other key consumer and economic indicators
  • Historic data on population, consumer expenditure, digital consumer and other indicators
  • Five-year forecasts of trends and city growth

The Ibadan in Nigeria in Ibadan report answers: 

  • How does a specific city fair in terms of consumer market attractiveness compared to a country/region?
  • Which cities will be the fastest growing in Ibadan?
  • What is the consumer market potential in specific cities?
  • Which cities in Ibadan have the largest number of wealthy consumers?
  • How does the city affordability differ across country and region?
  • How does labour productivity differ across cities?
  • What is the household profile in different cities?

Ibadan in Nigeria

HEADLINES

Chart 1 Ibadan City Scorecard Rankings Among 146 Middle East and Africa Cities
Summary 1 City Scorecard Compared to and 2023
Chart 2 Key Ibadan Population Indicators Compared to Nigeria and Middle East and Africa 2023
Chart 3 Ibadan Population Growth Compared to Nigeria and Middle East and Africa 2018-2028
Chart 4 Ibadan Growth Index of Population Aged 0-14, 15-64 and 65+ Year-Olds 2018-2028
Chart 5 Ibadan Population by Age and Sex 2023
Chart 6 Ibadan Consumer Expenditure per Capita Compared to Nigeria and Middle East and Africa 2018-2028
Chart 7 Ibadan Consumer Expenditure Structure 2023
Chart 8 Key Ibadan Digital Consumer Statistics Compared to Nigeria and Middle East and Africa 2023
Chart 9 Digital Consumer Historic Growth and Forecasts in Ibadan 2018-2028
Chart 10 Ibadan Disposable Income per Household Compared to Nigeria and Middle East and Africa 2018-2028
Chart 11 Number of Households by Disposable Income Band in Ibadan 2018/2023/2028
Chart 12 Wealthy Consumers: Number of Households with Disposable Income Over USD150,000 in Ibadan: 2018-2028
Chart 13 Ibadan Household Possession of Kitchen Durables Compared to Nigeria and Middle East and Africa 2023: % of Households
Chart 14 Ibadan Possession of Entertainment Electronics Compared to Nigeria and Middle East and Africa 2023: % of Households
Chart 15 Ibadan Household Possession of Other Durables Compared to Nigeria and Middle East and Africa 2023: % of Households
Chart 16 Ibadan GDP per Capita Compared to Nigeria and Middle East and Africa 2018-2028
Chart 17 Ibadan Real GDP Growth Compared to Nigeria and Middle East and Africa 2018-2028
Chart 18 Ibadan Inflation Compared to Nigeria and Middle East and Africa 2018-2028
Chart 19 Ibadan Labour Indicators Compared to Nigeria and Middle East and Africa 2023
Chart 20 Economically Active Population and Unemployment Rate in Ibadan 2018-2023
Chart 21 Ibadan Labour Productivity Compared to Nigeria and Middle East and Africa 2018-2023
Chart 22 Number of Airport Passengers in Ibadan 2018-2023
Chart 23 Ibadan Transport Possession Compared to Nigeria and Middle East and Africa 2023: % of Households
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