Energy Reports

Nigeria energy report

Nigeria energy market analysis is derived from the most recent key economic indicators, supply and demand factors, oil & gas pricing trends and major energy issues and developments surrounding the energy industry. The analysis includes a comprehensive energy market report and updated Nigeria energy market data.

Nigeria energy report
Update: September, 2019
Format: 2 files (PDF report, Excel file)
Pages: 45 (Report only)
Delivery: Immediate by e-mail


Overview

Nigeria energy market report offers an incisive and reliable overview of the energy sector in Nigeria. With a focus on oil, gas, coal and power markets, the report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2018 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities.

  • Institutions & Energy Policy

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

    The Federal Ministry of Power oversees the electricity sector. One of its extra ministerial departments, the Energy Commission of Nigeria (ECN), oversees energy sector planning and ...

  • Energy Supply

    Resources:

    Nigeria has considerable oil and especially natural gas resources (5 Gt and around 5 600 bcm proven reserves at end-2018). Oil reserves are slightly below the official objective of 5.5 Gt for 2020. The reserves are mainly located in the Delta of Niger.

    The solar potential is significant, with an average solar radiation of between 4-6.5 kWh/m² per day (compared to 2.5 kWh/m² per day in ...

  • Energy Prices

    Electricity:

    Nigeria's electricity prices are in line with the average for Sub-Saharan Africa prices (around US$14.4c/kWh for households and US$14.7c/kWh for industry in 2018). Between 2009 and 2015, prices nearly doubled for households, whereas they only increased by 25% for industry.

    In 2012, the Nigerian Electricity Regulatory Commission announced the implementation of cost reflective tariffs ...

  • Energy Consumption

    Consumption per capita was 0.8 toe in 2018. Electricity consumption per capita is relatively low in comparison to neighbouring countries and reached 140 kWh/hab in 2018.

    Total consumption increased rapidly between 2000 and 2012 (+4.5%/year), but its progression has slowed down between 2013 and 2018n to 1.8%/year due to severe supply constraints. Total energy consumption reached 156 ...

  • 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).

    The country estimates that it will need around US$900bn to develop its energy sector ...

  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY
Download the Table of Contents

In the Nigeria market report you will find the graphs mentioned below:

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2018, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2018, %)
  • 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 (2018, %)
  • GRAPH 9: Final consumption market share by sector (2018, %)
  • GRAPH 10: Oil consumption (Mt)
  • GRAPH 11: Oil consumption breakdown by sector (2018, %)
  • GRAPH 12: Electricity consumption (TWh)
  • GRAPH 13: Electricity consumption breakdown by sector (2018, %)
  • GRAPH 14: Natural gas consumption (bcm)
  • GRAPH 15: Gas consumption breakdown by sector (2018, %)
  • GRAPH 16: Coal consumption (bcm)
  • GRAPH 17: Coal consumption breakdown by sector (2018, %)

In the Nigeria market report you will find follow tables:

  • Economic Indicators: Annual historical data including population, GNP growth, imports & exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil & gas reserves, electric & refining capacity, energy production, power production and external trade. All detailed by energy source.
  • Demand Indicators: Historical data includes consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source & sector, and, electricity consumption by sector.
  • Energy Balances: Unique tabular display of 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.

The Nigeria market data since 1990 included in the Excel file is given below.
Historical evolution allows to easily work with the data.

2018 Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Nigeria Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Nigeria energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).


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