Nigeria energy report

• The country aims to supply 16% of its electricity consumption from renewables by 2030 and to raise access to electricity from 56% in 2019 to 90% in 2030. It also targets a 60% increase in crude oil production.
• Oil and gas production is concentrated in the hands of 4 major international companies (ExxonMobil, Shell, Chevron, and Total).
• Only half of the power capacity is really operational. The country is one of the largest hydrocarbon producers in Africa, but faces substantial supply difficulties due to infrastructure problems and social issues.
• Fuel prices remain relatively low compared to prices in the region.
• Cost-orientated electricity was introduced in 2012, but the government failed to increase prices as planned.
• Households and services are the main drivers of energy consumption. Traditional biomass is by far the largest energy source.
• By 2025, the government plans to add 25 GW of power and to massively upgrade transmission capacity to meet growing demand.
• A FID for a seventh LNG train of 8 Mt/year was taken in December 2019.

• Institutions & Energy Policy

  The Federal Ministry of Petroleum Resources (FMPR) supervises the oil and gas sectors through its Department of Petroleum Resources (DPR). The FMPR also oversees the Nigerian Nuclear Regulatory Authority (NNRA).

• Energy Supply

  Gas:

  Natural gas production increased by 40% between 2010 and 2017 and has remained stable since then at around 45 bcm. It has been multiplied by 3.6 since 2000.

• Energy Prices

  Gas:

  In 2009, the Government approved an increase in gas prices on the domestic market to support production for power generation. Indeed, gas suppliers were not encouraged to make the investments needed in exploration and production to meet the domestic demand. Therefore, the Government aims to align domestic gas prices with international prices.

• Energy Consumption

  Consumption per capita was 0.8 toe in 2019. Electricity consumption per capita is relatively low in comparison to neighbouring countries and reached 130 kWh/hab in 2019.

  Total consumption has increased by 3.7%/year since 2016, reaching 168 Mtoe in 2019.

• Issues & Prospects

  The two main issues for the coming years are, on the one hand, the expansion of the electricity capacity and, on the other hand, to secure the energy supply in terms of safety of operations (action against theft and sabotage) and reliability for the supply of power plants (reduction of shortages).

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Nigeria energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2019, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2019, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Electricity prices for industry and households (US$c/kWh)
• GRAPH 7: Consumption trends by energy source (Mtoe)
• GRAPH 8: Total consumption market share by energy (2019, %)
• GRAPH 9: Final consumption market share by sector (2019, %)
• GRAPH 10: Oil consumption (Mt)
• GRAPH 11: Oil consumption breakdown by sector (2019, %)
• GRAPH 12: Electricity consumption (TWh)
• GRAPH 13: Electricity consumption breakdown by sector (2019, %)
• GRAPH 14: Natural gas consumption (bcm)
• GRAPH 15: Gas consumption breakdown by sector (2019, %)
• GRAPH 16: Coal consumption (bcm)
• GRAPH 17: Coal consumption breakdown by sector (2019, %)

In the Nigeria energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.