Nigeria

Country indicators

GDP per capita - gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. (Source: World Bank)

GDP per capita
(USD):

2,273.22

Fossil fuel subsidies (USD, billions) - All consumer and producer pre-tax subsidies. Pre-tax consumer subsidies exist when energy consumers pay prices that are below the costs incurred to supply them with this energy. (Source: IMF)

Fossil fuel subsidies (USD, billions):

0.03

Fossil Fuel Subsidies as % of GDP - All consumer and producer pre-tax subsidies as percent of a country’s GDP. (Source: IMF)

Fossil fuel subsidies
(% of GDP):

0.01

Fossil Fuel Subsidies with externalities as % of GDP - All consumer and producer post-tax subsidies. Post-tax consumer subsidies exist if consumer prices for energy are below supply costs plus the efficient levels of taxation. (Source: IMF)

Fossil fuel subsidies with externalities (% of GDP):

2.35

Revenue from environmentally related taxes as % of GDP - All revenue from environmentally related taxes - defined as any compulsory, unrequited payment to general government levied on tax-bases deemed to be of particular environmental relevance – as percent of a country’s GDP. (Source: OECD)

Revenue from environmentally related taxes (% of GDP):

0.019

Carbon pricing gap - Measure of how much countries fall short of pricing carbon emissions in line with a EUR 60 benchmark value (midpoint estimate of the carbon costs in 2020 and a low-end estimate for 2030). The difference is presented as percentage: If the Effective Carbon Rate (ECR) on all emissions is at least as high as the benchmark, the gap is zero, and if the ECR is zero throughout, the gap is 100%. (Source: OECD)

Carbon Pricing Gap
(%):

n/a

News

African Union Launches Continental Green Recovery Action Plan 2021-2027

2021-07-26

The African Union Commission launched a new five-year continental Green Recovery Action Plan 2021-2027. The launch was officiated by H.E Felix Tshisekedi, Chairperson of the

Opportunity for whom: The EU-Africa partnership and sustainable energy transitions

2021-06-21

The new EU-Africa partnership should focus on strengthening African governments and working with them on their renewable energy strategies, argues Jesse Ovadia. A new chapter

Fossil fuel subsidy and pricing policies : recent developing country experience (WBG Working Paper)

2016-02-23

This Policy Research working paper is a product of the Energy and Extractives Global Practice Group at the World Bank Group. The paper provides an

Reports

Gender and Fossil Fuel Subsidy Reform in Nigeria: Findings and recommendations (GSI)

2020-05-05

The report examines from a gender perspective the impact of kerosene subsidies and their reform in Nigeria. The report finds that kerosene subsidies did not

Fossil fuel subsidy reform in sub-Saharan Africa: from rhetoric to reality (NCE and ODI)

2015-11-30

This New Climate Economy working paper examines energy subsidies in sub-Saharan Africa (SSA) related to the production and consumption of fossil fuels (oil, gas and coal),

Policy Briefs

Making Subsidy Reform Work for Women in Nigeria (IISD)

2016-07-21

It is well understood that increasing fuel product prices can be a shock for low-income households, requiring careful mitigation strategies to ensure that subsidy reform

Nigeria

Country indicators

News

African Union Launches Continental Green Recovery Action Plan 2021-2027

Opportunity for whom: The EU-Africa partnership and sustainable energy transitions

Fossil fuel subsidy and pricing policies : recent developing country experience (WBG Working Paper)

Reports

Gender and Fossil Fuel Subsidy Reform in Nigeria: Findings and recommendations (GSI)

Fossil fuel subsidy reform in sub-Saharan Africa: from rhetoric to reality (NCE and ODI)

Policy Briefs

Making Subsidy Reform Work for Women in Nigeria (IISD)

Subscribe Now

UN Environment

International Monetary Fund

GIZ