Fossil-fuel subsidies in Nigeria
Nigeria: Fossil-fuel subsidies was 5.91 billion billions of current united states dollars in 2023. ◆ Volatile
Fossil-fuel subsidies in Nigeria, 2010–2023
Source: United Nations Environment Programme – processed by Our World in Data. Measured in billions of current united states dollars.
Analysis
In 2023, fossil-fuel subsidies in Nigeria stood at 5.91 billion billions of current united states dollars.
That represents a change of down 71.0% on the previous year and down 10.2% over ten years.
Over the whole period, fossil-fuel subsidies in Nigeria peaked at 20.39 billion billions of current united states dollars in 2022 and was at its lowest, 60.00 million billions of current united states dollars, in 2016.
That places Nigeria 32nd out of 149 countries with data for 2023, putting it in the top quarter.
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 | 3.37 billion billions of current united states dollars | 60.00 million billions of current united states dollars | 6.58 billion billions of current united states dollars | 10 |
| 2020s | 7.95 billion billions of current united states dollars | 370.00 million billions of current united states dollars | 20.39 billion billions of current united states dollars | 4 |
Countries ranked near Nigeria
- 29 Colombia 7.44 billion billions of current united states dollars compare
- 30 Malaysia 6.37 billion billions of current united states dollars compare
- 31 Turkmenistan 6.23 billion billions of current united states dollars compare
- 33 Ireland 5.26 billion billions of current united states dollars compare
- 34 Ukraine 5.24 billion billions of current united states dollars compare
- 35 Qatar 5.15 billion billions of current united states dollars 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 67.9% (2023)
Frequently asked questions
- What is fossil-fuel subsidies in Nigeria?
- Fossil-fuel subsidies in Nigeria was 5.91 billion billions of current united states dollars in 2023, according to United Nations Environment Programme – processed by Our World in Data.
- What is the highest fossil-fuel subsidies recorded in Nigeria?
- The highest recorded value was 20.39 billion billions of current united states dollars in 2022.
- What is the lowest fossil-fuel subsidies recorded in Nigeria?
- The lowest recorded value was 60.00 million billions of current united states dollars in 2016.
- How does Nigeria rank for fossil-fuel subsidies?
- Nigeria ranks 32nd out of 149 countries with data for 2023.
- Is fossil-fuel subsidies rising or falling in Nigeria?
- Over the last ten years it is down 10.2%. 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 – processed by Our World in Data, published as part of Fossil-fuel subsidies. Statizoid updates them automatically from the source API.
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About this data
Fossil-fuel subsidies (consumption and production) (billions of nominal United States dollars)