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Nigeria: Cooking gas prices hit record high in 2024, 3.7x the price in 2016
The average price of cooking gas in Nigeria has increased significantly, from ₦370 per kg in early 2016 to ₦1,390 per kg in June 2024. After prices peaked at nearly ₦1,500 in May 2024, they fell by 6.1% in June. The contributing factors to the increase include global energy fluctuations, naira depreciation, supply chain disruptions, and changes in domestic policies. Here are the average prices of cooking gas in Nigeria since 2016.

Nigeria's per capita electricity production has remained within the range of 120 kWh to 194 kWh since 2000

Nigeria produced approximately 182 kWh of electricity per person in 2023, just enough to run only a 100-watt light bulb for five hours daily. Nigeria's per capita electricity production has fluctuated in the past two decades. In this time, production has remained within the range of 120 kWh to 194 kWh. Here is a visual representation of the country's per capita electricity production since 2000.

Egypt and South Africa collectively accounted for half the electricity generated in Africa in 2022
South Africa and Egypt generated 239 terawatt-hours (TWh) and 201 TWh of electricity, respectively, in 2022, accounting for a combined 50% of Africa's 881 TWh. These countries, along with Algeria, Morocco, and Nigeria, accounted for 68% of the continent's total. Despite being one of Africa's largest economies and having the continent's largest population, Nigeria's electricity generation has historically been lower than its potential.

African countries accounted for about 3% of the electricity generated globally in 2022
About 28,844 TWh of electricity was generated globally in 2022. Driven by industrial growth and large populations in countries like China and India, Asian countries collectively accounted for 56%. North America and Europe followed, with 5,432 TWh and 4,731 TWh, respectively. Africa generated less than 900 TWh, with key contributions from South Africa and Egypt. Oceania, primarily led by Australia, produced 330 TWh.

Nigeria's electricity revenue has nearly quadrupled since 2015, growing from ₦279 billion to ₦1.07 trillion in 2023
Nigeria’s electricity distribution companies (DISCOs) generated ₦1.07 trillion revenue in 2023 — double 2020's amount and 3.8x that of 2015. From 2015 to 2023, revenue has grown from ₦279b to ₦1.07t, while customer base has increased by over 5m, from 7m to 12.1m.

Only 3 African countries had 100% access to electricity as of 2021
Only 8% of South Sudan's population had access to electricity as of 2021, representing Africa's lowest percentage. Although eight countries boasted between 90% and 100% access to electricity, more than 50% of the population of 24 other countries were without electricity.

Top ten states by the average cost of cooking gas as of October 2021
According to data from the National Bureau of Statistics, Oyo State has the highest cost of 12.5kg of cooking gas as of October 2021.

The average price of cooking gas in Nigeria over a 24-month period
In October 2021, the average price of 12.5kg cooking gas in Nigeria increased by 62.76% in October 2021 compared to October 2020. Between August 2021 and October 2021, the price increased by 47%.


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