Explicit fossil fuel subsidies as a share of GDP in Nigeria
Nigeria: Explicit fossil fuel subsidies as a share of GDP was 0.6% in 2024. ◆ Volatile
Explicit fossil fuel subsidies as a share of GDP in Nigeria, 2010–2024
Source: United Nations Environment Programme – with minor processing by Our World in Data. Measured in %.
Analysis
In 2024, explicit fossil fuel subsidies as a share of gdp in Nigeria stood at 0.6%.
Compared with earlier readings it is down 29.9% on the previous year and down 43.5% over ten years.
Over the whole period, explicit fossil fuel subsidies as a share of gdp in Nigeria peaked at 2.9% in 2022 and was at its lowest, 0.0%, in 2016.
Nigeria ranks 54th of 194 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Explicit fossil fuel subsidies as a share of GDP in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2010 | 0.8% | — |
| 2011 | 1.7% | +111.4% |
| 2012 | 1.5% | -9.0% |
| 2013 | 1.4% | -5.9% |
| 2014 | 1.1% | -24.5% |
| 2015 | 0.2% | -85.2% |
| 2016 | 0.0% | -93.8% |
| 2017 | 0.2% | +1600.0% |
| 2018 | 0.4% | +123.5% |
| 2019 | 0.2% | -50.0% |
| 2020 | 0.1% | -73.7% |
| 2021 | 0.8% | +1600.0% |
| 2022 | 2.9% | +238.8% |
| 2023 | 0.9% | -69.8% |
| 2024 | 0.6% | -29.9% |
Nigeria compared with similar countries
- Nigeria's 0.6% is above the median for lower middle income countries, which is 0.0%, 15.2× the median. (47 countries reporting)
- Nigeria's 0.6% is above the median for Sub-Saharan Africa, which is 0.0%, 40.7× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Explicit fossil fuel subsidies as a share of GDP 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 | +1600.0% | 0.0% | 0.2% |
| 2021 | +1600.0% | 0.1% | 0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.7% | 0.0% | 1.7% | 10 |
| 2020s | 1.1% | 0.1% | 2.9% | 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 explicit fossil fuel subsidies as a share of gdp in Nigeria?
- Explicit fossil fuel subsidies as a share of gdp in Nigeria was 0.6% in 2024, according to United Nations Environment Programme – with minor processing by Our World in Data.
- What is the highest explicit fossil fuel subsidies as a share of gdp recorded in Nigeria?
- The highest recorded value was 2.9% in 2022.
- What is the lowest explicit fossil fuel subsidies as a share of gdp recorded in Nigeria?
- The lowest recorded value was 0.0% in 2016.
- How does Nigeria rank for explicit fossil fuel subsidies as a share of gdp?
- Nigeria ranks 54th out of 194 countries with data for 2024.
- Is explicit fossil fuel subsidies as a share of gdp rising or falling in Nigeria?
- Over the last ten years it is down 43.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from United Nations Environment Programme – with minor processing by Our World in Data, published as part of Explicit fossil fuel subsidies as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Fossil-fuel subsidies (consumption and production) as a proportion of total GDP (%).