What is subsidies in Nigeria?

Subsidies in Nigeria was 30.95 billion current LCU; from SNA in 2007, according to World Bank national accounts data, and OECD National Accounts data files.

What is the highest subsidies recorded in Nigeria?

The highest recorded value was 30.95 billion current LCU; from SNA in 2007.

What is the lowest subsidies recorded in Nigeria?

The lowest recorded value was 3.32 billion current LCU; from SNA in 2002.

How does Nigeria rank for subsidies?

Nigeria ranks 3rd out of 24 countries with data for 2007.

Is subsidies rising or falling in Nigeria?

Over the last ten years it is up 832.9%. The long-run trend across the full record is volatile.

Where does this Nigeria data come from?

The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Subsidies (current LCU; from SNA). Statizoid updates them automatically from the source API.

Subsidies in Nigeria

Name: Subsidies in Nigeria
Creator: World Bank national accounts data, and OECD National Accounts data files
License: CC BY 4.0 (World Bank Open Data)

Nigeria: Subsidies was 30.95 billion current LCU; from SNA in 2007. ◆ Volatile

Latest (2007)

30.95 billion current LCU; from SNA

Change on year

up 9.8%

World rank

3rd

of 24 countries

All-time high

30.95 billion current LCU; from SNA

in 2007

All-time low

3.32 billion current LCU; from SNA

in 2002

Years of data

2002–2007

Subsidies in Nigeria, 2002–2007

Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU; from SNA.

Analysis

Nigeria recorded 30.95 billion current LCU; from SNA for subsidies in 2007. That is the highest value across all 6 years on record.

Compared with earlier readings it is up 9.8% on the previous year and up 832.9% over ten years.

Nigeria ranks 3rd of 24 countries on this measure, in the top 10%.

Countries ranked near Nigeria

1 Senegal 323.18 billion current LCU; from SNA compare
2 Morocco 45.00 billion current LCU; from SNA compare
4 Sierra Leone 28.26 billion current LCU; from SNA
5 Mali 24.20 billion current LCU; from SNA
6 Togo 18.00 billion current LCU; from SNA

See the full ranking of 24 places →

More economy & growth data for Nigeria

Inflation of consumer prices 23.01 (2025)
Gdp per capita worldbank constant usd 2,369 (2025)
Manufacturing value added to gdp 8.26 (2025)
Gdp worldbank constant usd 562.59 billion (2025)
Gdp per capita in international and market dollars 2,369 (2025)
DEC alternative conversion factor 1,518 LCU per US$ (2025)
Net secondary income (Net current transfers from abroad) 35.23 trillion current LCU (2025)
Net secondary income (Net current transfers from abroad) 23.20 billion current US$ (2025)
Taxes less subsidies on products 10.36 trillion current LCU (2025)
Taxes less subsidies on products 6.82 billion current US$ (2025)

All data for Nigeria →

Frequently asked questions

What is subsidies in Nigeria?: Subsidies in Nigeria was 30.95 billion current LCU; from SNA in 2007, according to World Bank national accounts data, and OECD National Accounts data files.
What is the highest subsidies recorded in Nigeria?: The highest recorded value was 30.95 billion current LCU; from SNA in 2007.
What is the lowest subsidies recorded in Nigeria?: The lowest recorded value was 3.32 billion current LCU; from SNA in 2002.
How does Nigeria rank for subsidies?: Nigeria ranks 3rd out of 24 countries with data for 2007.
Is subsidies rising or falling in Nigeria?: Over the last ten years it is up 832.9%. The long-run trend across the full record is volatile.
Where does this Nigeria data come from?: The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Subsidies (current LCU; from SNA). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 6 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator: Subsidies (current LCU; from SNA)
Unit: current LCU; from SNA
Source: World Bank national accounts data, and OECD National Accounts data files
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 24 places, 507 data points, 1965–2011
Last refreshed: 07 August 2026

Subsidies are current unrequited payments that government units make to enterprises, resident producers and importers. Subsidies may be designed to influence enterprises level or type of production, or the prices at which the products are sold. (Capital grants are in the national accounts classified as capital transfers.) Subsidies consists of ‘subsidies on products’, subsidies payable per unit of a good or a service, and ‘other subsidies on production’, which cover all other subsidies enterprises receives as a consequence of engaging in production. Data are in current local currency.