Consumption subsidies for fossil fuels in Nigeria
Nigeria: Consumption subsidies for fossil fuels was 5.91 billion in 2023. ◆ Volatile
Consumption subsidies for fossil fuels in Nigeria, 2010–2023
Source: Our World in Data.
Analysis
Nigeria recorded 5.91 billion for 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, consumption subsidies for fossil fuels in Nigeria peaked at 15.57 billion in 2022 and was at its lowest, 47.12 million, 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.22 billion | 47.12 million | 4.32 billion | 10 |
| 2020s | 6.47 billion | 292.00 million | 15.57 billion | 4 |
Countries ranked near Nigeria
- 18 Bangladesh 8.00 billion compare
- 19 Malaysia 6.37 billion compare
- 20 Turkmenistan 6.23 billion compare
- 22 Ukraine 5.24 billion compare
- 23 Qatar 5.15 billion compare
- 24 Azerbaijan 5.07 billion compare
More energy & mining data for Nigeria
- Fuel imports 38.0% (2024)
- Ores and metals imports 1.1% (2024)
- Ores and metals exports 1.2% (2024)
- Gas production 507.74 terawatt-hours (2025)
- Fossil fuel production per person, by fuel 2,138 kilowatt-hours per person (2025)
- Fossil fuel production by fuel 507.74 terawatt-hours (2025)
- Gas production per person 2,138 kilowatt-hours per person (2025)
- Fuel exports 88.6% (2024)
- Electric power transmission and distribution losses 14.2% (2023)
- Share of dietary energy supply from carbohydrates vs gdp per capita 67.93 (2023)
Frequently asked questions
- What is consumption subsidies for fossil fuels in Nigeria?
- Consumption subsidies for fossil fuels in Nigeria was 5.91 billion in 2023, according to Our World in Data.
- What is the highest consumption subsidies for fossil fuels recorded in Nigeria?
- The highest recorded value was 15.57 billion in 2022.
- What is the lowest consumption subsidies for fossil fuels recorded in Nigeria?
- The lowest recorded value was 47.12 million in 2016.
- How does Nigeria rank for consumption subsidies for fossil fuels?
- Nigeria ranks 21st out of 48 countries with data for 2023.
- Is 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 Our World in Data, published as part of 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).