Country intelligence / Middle East & Africa
Nigeria
Oil, gas and distributed power. World Bank data, latest year available for each figure.
- GDP
- US$291 billion2025
- Real GDP growth
- 4.0%2025
- Inflation
- 23.0%2025
- FDI, net inflows
- 1.4% of GDP2025
- Population
- 237.5 million2025
- Access to electricity
- 62.5%2024
Real GDP growth
% change a year
Inflation
Consumer prices, % a year
Foreign direct investment
Net inflows, % of GDP
Governance
World Bank governance scores, 0 to 100, latest year
- Regulatory qualityHow well the government writes and applies rules that let private business develop44
- Rule of lawConfidence that contracts are enforced, property is protected and courts work43
- Control of corruptionHow far public power is kept from being used for private gain27
- Government effectivenessQuality of public services and of policy implementation34
- Political stabilityLikelihood of political instability or politically motivated violence35
What the numbers say
Each line is calculated from the published data above. The thresholds are explained in our editorial policy. This is not investment advice.
Strengths
- Real GDP grew 3.4% a year on average in 2021–2025.
- Renewables supplied 80% of final energy use in 2021.
Watch points
- Consumer inflation was 23% in 2025, which raises local costs and complicates pricing.
- Foreign direct investment averaged 0.6% of GDP in 2021–2025, low by international standards.
- Control of corruption ranks in the 27th percentile worldwide (2025).
Where demand comes from
- 63% of the population had access to electricity in 2024, leaving room for grid extension and off-grid power.
- Oil rents were 6.2% of GDP in 2021. Upstream services, midstream and gas use are core demand, and public revenue moves with the oil price.
Resource and energy profile
Rents are the value of production above extraction cost, as a share of GDP.
Open tenders in Nigeria
All tenders-
27days leftOfficial notice for Construction of 60 solar boreholes, tanks and drinking points; pasture development
Construction of 60 solar boreholes, tanks and drinking points; pasture development
Closes 8 Dec 2026, 12:00 local time at the buyer. Ref. KN/LPRES/WKS/RFB/BPD/15/2026. Livestock Productivity and Resilience Support Project.
Premium
Nigeria analyst dossier
For a specific project or tender in Nigeria: the fiscal and regulatory regime that applies, the permitting path and its real timelines, CAPEX and OPEX benchmarks from comparable projects, the main buyers and counterparties, and a risk register with mitigants. Prepared to order.
Compare with Middle East & Africa
All countriesSource: World Bank Data360 API: World Development Indicators (WB_WDI) and Worldwide Governance Indicators (WB_WGI, governance score 0-100). Governance scores use the World Bank's 0–100 scale. Downloaded 12 Nov 2026.