Explicit consumption subsidies for fossil fuels in Nigeria
Nigeria: Explicit consumption subsidies for fossil fuels was 5.91 billion constant 2023 US$ in 2023. ◆ Volatile
Explicit consumption subsidies for fossil fuels in Nigeria, 2010–2023
Source: International Energy Agency (2024) – with minor processing by Our World in Data. Measured in constant 2023 US$.
Analysis
Nigeria recorded 5.91 billion constant 2023 US$ for explicit consumption subsidies for fossil fuels in 2023.
That represents a change of down 62.1% on the previous year and up 50.2% over ten years.
Over the whole period, explicit consumption subsidies for fossil fuels in Nigeria peaked at 15.57 billion constant 2023 US$ in 2022 and was at its lowest, 47.12 million constant 2023 US$, in 2016.
That places Nigeria 21st out of 48 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Explicit consumption subsidies for fossil fuels in Nigeria, year by year
| Year | constant 2023 US$ | Change |
|---|---|---|
| 2010 | 2.03 billion constant 2023 US$ | — |
| 2011 | 4.32 billion constant 2023 US$ | +112.8% |
| 2012 | 4.04 billion constant 2023 US$ | -6.4% |
| 2013 | 3.93 billion constant 2023 US$ | -2.8% |
| 2014 | 3.17 billion constant 2023 US$ | -19.4% |
| 2015 | 594.95 million constant 2023 US$ | -81.2% |
| 2016 | 47.12 million constant 2023 US$ | -92.1% |
| 2017 | 834.66 million constant 2023 US$ | +1671.2% |
| 2018 | 1.84 billion constant 2023 US$ | +120.7% |
| 2019 | 1.41 billion constant 2023 US$ | -23.2% |
| 2020 | 292.00 million constant 2023 US$ | -79.4% |
| 2021 | 4.09 billion constant 2023 US$ | +1301.3% |
| 2022 | 15.57 billion constant 2023 US$ | +280.6% |
| 2023 | 5.91 billion constant 2023 US$ | -62.1% |
Nigeria compared with similar countries
- Nigeria's 5.91 billion constant 2023 US$ is below the median for lower middle income countries, which is 8.58 billion constant 2023 US$, 69% of the median. (10 countries reporting)
- Nigeria's 5.91 billion constant 2023 US$ is above the median for Sub-Saharan Africa, which is 625.87 million constant 2023 US$, 9.4× the median. (5 countries reporting)
Biggest year-on-year movements
Years where Explicit consumption subsidies for fossil fuels in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +1671.2% | 47.12 million constant 2023 US$ | 834.66 million constant 2023 US$ |
| 2021 | +1301.3% | 292.00 million constant 2023 US$ | 4.09 billion constant 2023 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.22 billion constant 2023 US$ | 47.12 million constant 2023 US$ | 4.32 billion constant 2023 US$ | 10 |
| 2020s | 6.47 billion constant 2023 US$ | 292.00 million constant 2023 US$ | 15.57 billion constant 2023 US$ | 4 |
Countries ranked near Nigeria
- 18 Bangladesh 8.00 billion constant 2023 US$ compare
- 19 Malaysia 6.37 billion constant 2023 US$ compare
- 20 Turkmenistan 6.23 billion constant 2023 US$ compare
- 22 Ukraine 5.24 billion constant 2023 US$ compare
- 23 Qatar 5.15 billion constant 2023 US$ compare
- 24 Azerbaijan 5.07 billion constant 2023 US$ compare
More energy & mining data for Nigeria
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 2.96 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 38.0% (2024)
Frequently asked questions
- What is explicit consumption subsidies for fossil fuels in Nigeria?
- Explicit consumption subsidies for fossil fuels in Nigeria was 5.91 billion constant 2023 US$ in 2023, according to International Energy Agency (2024) – with minor processing by Our World in Data.
- What is the highest explicit consumption subsidies for fossil fuels recorded in Nigeria?
- The highest recorded value was 15.57 billion constant 2023 US$ in 2022.
- What is the lowest explicit consumption subsidies for fossil fuels recorded in Nigeria?
- The lowest recorded value was 47.12 million constant 2023 US$ in 2016.
- How does Nigeria rank for explicit consumption subsidies for fossil fuels?
- Nigeria ranks 21st out of 48 countries with data for 2023.
- Is explicit consumption subsidies for fossil fuels rising or falling in Nigeria?
- Over the last ten years it is up 50.2%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Energy Agency (2024) – with minor processing by Our World in Data, published as part of Explicit consumption subsidies for fossil fuels. Statizoid updates them automatically from the source API.
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CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in living costs between countries.