Fossil-fuel subsidies (consumption and production) in Nigeria
Nigeria: Fossil-fuel subsidies (consumption and production) was 4.09 in 2024. ◆ Volatile
Fossil-fuel subsidies (consumption and production) in Nigeria, 2010–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Nigeria recorded 4.09 for fossil-fuel subsidies (consumption and production) in 2024.
The figure is down 27.7% on the previous year and down 23.6% over ten years.
Over the whole period, fossil-fuel subsidies (consumption and production) in Nigeria peaked at 18.09 in 2022 and was at its lowest, 0.0574, in 2016.
Nigeria ranks 39th of 201 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Fossil-fuel subsidies (consumption and production) in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2010 | 2.73 | — |
| 2011 | 6.3 | +130.5% |
| 2012 | 6.25 | -0.9% |
| 2013 | 6.42 | +2.9% |
| 2014 | 5.35 | -16.7% |
| 2015 | 0.8369 | -84.4% |
| 2016 | 0.0574 | -93.1% |
| 2017 | 0.9417 | +1541.7% |
| 2018 | 2.29 | +143.1% |
| 2019 | 1.23 | -46.2% |
| 2020 | 0.3181 | -74.2% |
| 2021 | 5.13 | +1511.0% |
| 2022 | 18.09 | +252.9% |
| 2023 | 5.66 | -68.7% |
| 2024 | 4.09 | -27.7% |
Nigeria compared with similar countries
- Nigeria's 4.09 is above the median for lower middle income countries, which is 0.0085, 478.7× the median. (42 countries reporting)
- Nigeria's 4.09 is above the median for Sub-Saharan Africa, which is 0.0018, 2285.0× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Fossil-fuel subsidies (consumption and production) 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 | +1541.7% | 0.0574 | 0.9417 |
| 2021 | +1511.0% | 0.3181 | 5.13 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.24 | 0.0574 | 6.42 | 10 |
| 2020s | 6.66 | 0.3181 | 18.09 | 5 |
Countries ranked near Nigeria
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 fossil-fuel subsidies (consumption and production) in Nigeria?
- Fossil-fuel subsidies (consumption and production) in Nigeria was 4.09 in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest fossil-fuel subsidies (consumption and production) recorded in Nigeria?
- The highest recorded value was 18.09 in 2022.
- What is the lowest fossil-fuel subsidies (consumption and production) recorded in Nigeria?
- The lowest recorded value was 0.0574 in 2016.
- How does Nigeria rank for fossil-fuel subsidies (consumption and production)?
- Nigeria ranks 39th out of 201 countries with data for 2024.
- Is fossil-fuel subsidies (consumption and production) rising or falling in Nigeria?
- Over the last ten years it is down 23.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Fossil-fuel subsidies (consumption and production) (billions of nominal United States dollars). Statizoid updates them automatically from the source API.
Download this data
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