As of 2023, the electricity demand in Nigeria amounted to over 40 terawatt hours. This followed an upward trend observed since 2020. Furthermore, the demand increased annually between 2010 and 2018. The fast-growing population of the country can explain the increase. Nevertheless, in 2022, a little more than 60 percent of the Nigerian inhabitants were still without electricity. Gas the most common source of electricity generation Concerning electricity generation, gas was the most common source of electricity production in Nigeria in 2023. Approximately 79 percent of the electricity generated derived from natural gas, whereas hydroelectric energy powered around 20 percent. Moreover, coal was still present in the electricity mix at just under one percent. Looking at the renewable energy share in electricity capacity, it had a declining trend from 2012 onward. Back then, 23.4 percent were from renewable energy sources. By 2023, this had increased to nearly 21 percent. Annual increase in electric power consumption Based on Statista’s forecast, the household and industriy average electric power consumption per capita will increase annually. In 2024, each Nigerian citizen will consume approximately 164.6 kilowatt hours (kWh), rising to 166.3 kilowatt hours by 2025.

The total electric power consumption in Nigeria was forecast to remain on a similar level in 2029 as compared to 2024 with 0.04 million kilowatt hours. According to this forecast, the electric power consumption will stay nearly the same over the forecast period. Depicted is the estimated electric power consumption per capita in the country or region at hand. Both demand from private households as industrial consumption are included in the figures.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the total electric power consumption in countries like Ivory Coast and Senegal.

The consumption of electricity in Nigeria is mainly residential. In 2022, over 61,400 terajoules of electricity were consumed by residences. On the other hand, electrical energy used in commercial and public services reached around 28,500 terajoules, while industrial consumption stood at approximately 26,200 terajoules.

The per capita electricity demand in Nigeria reached 150 kilowatt hours in 2022, which was the same value as the previous year. Generally, the individual demand for electricity in the country varied annually. In 2014, the amount of electrical energy needed for use by each person in Nigeria peaked at 173 kilowatt hours. Overall, electricity generating companies in Nigeria recorded an output of over 36,000 gigawatt hours in 2021.

1.958 (MWh per 1,000 Inhabitants) in 2011.

Residential consumption of electricity amounted to around 58,900 terajoules as of 2020. This was the highest volume compared to the previous years reviewed. In 2010, roughly 43,000 terajoules of electricity were consumed among residences in Nigeria, which represented the main user group of electrical energy consumers in the country. By comparison, residential consumption exceeds industrial consumption.

The Nigerian gas station industry, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 1.50%, presents a dynamic market landscape. The market size, while not explicitly stated, can be reasonably estimated based on comparable markets and the industry's growth trajectory. Considering a conservative estimate, assuming a current market size (2025) in the range of $500 million to $1 billion (USD), the industry's value is projected to significantly expand over the forecast period (2025-2033). This growth is fueled by several key drivers: a burgeoning automotive sector, increasing vehicle ownership, rising disposable incomes among the Nigerian population, and expanding road networks. Further growth is likely driven by government initiatives aimed at improving infrastructure and facilitating easier access to fuel, though any negative impact of fluctuating global crude oil prices and potential regulatory changes must be considered. Segmentation analysis, encompassing production, consumption, import, and export data, will reveal specific opportunities and challenges within the market. This data, coupled with a detailed price trend analysis, will provide crucial insights for informed decision-making. Key players such as TotalEnergies SE, NNPC, Almoner Petroleum, Sharon Group Nigeria, Oando PLC, and MRS Holdings Ltd. are actively shaping the competitive landscape, employing various strategies to secure market share. A regional breakdown, focusing on data specifically for Niger, would further delineate market dynamics and potential for expansion. The historical period (2019-2024) provides a baseline for understanding past performance and informing future projections. Challenges such as logistical issues, fuel adulteration, and inconsistent supply chains could potentially hinder growth. However, the industry's future outlook remains positive, given the ongoing expansion of Nigeria's economy and the increasing demand for automotive fuel. Comprehensive research and analysis will identify untapped opportunities, predict market shifts, and inform strategic investment decisions within this promising sector. Recent developments include: In November 2021, Energy firm Ardova PLC announced the completion of a complete acquisition of Enyo Retail and Supply Limited. The takeover of Enyo Retail and Supply Limited has automatically transferred the 90 filling stations and about 100,000 customers maintained by Enyo's former owner to the Ardova Group., In November 2021, Rainoil Limited announced purchasing of 61% holding in Eterna Oil PLC via an indirect acquisition., In August 2021, the Department of Petroleum Resources (DPR) announced the reopening of five filling stations shut by the Lagos State Building Control Agency (LASBCA) in the Ajah and Ibeju Lekki axis of the state.. Notable trends are: Smuggling of Crude Oil and Refined Products is expected to Restrain the Market.

The infrared dryer market is experiencing robust growth, driven by increasing demand across diverse industries like textiles and chemicals. The market's expansion is fueled by the technology's efficiency in reducing drying times, lowering energy consumption, and improving product quality. Portable infrared dryers are gaining traction due to their flexibility and ease of use, particularly in smaller operations and specialized applications. However, the high initial investment cost associated with infrared drying systems can act as a restraint, especially for smaller businesses. The stationary type, while more expensive, offers superior capacity and automation, making it attractive to large-scale industrial operations. Geographically, North America and Europe currently hold significant market share, driven by established manufacturing sectors and a focus on technological advancements. However, rapidly developing economies in Asia-Pacific, particularly China and India, are expected to exhibit significant growth in the coming years, presenting lucrative opportunities for market players. The competitive landscape is marked by a mix of established players and emerging companies, leading to innovation in dryer design and functionalities. We project a compound annual growth rate (CAGR) of 7% for the infrared dryer market from 2025 to 2033, reflecting the sustained demand and ongoing technological improvements. The textile industry's adoption of infrared dryers for efficient and high-quality fabric drying is a major contributor to market growth. The chemical industry also benefits from precise and rapid drying capabilities, allowing for improved process control and reduced production time. Ongoing advancements in infrared technology, such as improved energy efficiency and enhanced control systems, further contribute to the market's expansion. Future growth will be significantly influenced by the adoption of sustainable practices and the integration of smart technologies within infrared dryers. The increasing emphasis on energy efficiency and environmental concerns is expected to drive demand for more efficient and eco-friendly infrared drying solutions. Furthermore, advancements in sensor technology and data analytics are likely to improve process optimization and further enhance the appeal of infrared drying across various sectors.

The Africa Refined Petroleum Products Market is experiencing robust growth, driven by increasing industrialization, population growth, and rising vehicle ownership across the continent. The market's Compound Annual Growth Rate (CAGR) exceeding 5% signifies a significant expansion projected through 2033. Key segments, including light, middle, and heavy distillates, contribute to this growth, with Nigeria, Algeria, Egypt, and South Africa leading as major consumers. The market is characterized by both established international players like TotalEnergies SE, Shell Plc, and Exxon Mobil Corporation, and national oil companies such as the Nigerian National Petroleum Corporation (NNPC). Competition is intense, leading to price fluctuations and a focus on efficient supply chains. Growth is, however, tempered by factors such as price volatility in the global crude oil market, government regulations, and infrastructure limitations in some regions. Investments in refinery capacity and infrastructure improvements are crucial for sustaining this growth trajectory. While the exact market size for 2025 is not provided, considering a CAGR above 5% and a significant existing market, a reasonable estimate for the 2025 market size could be between $50 billion and $70 billion (USD). This range acknowledges the variability inherent in market forecasts and the diverse nature of the African landscape. The forecast period (2025-2033) will likely witness continued expansion, driven by projected economic growth and increasing energy demands in key African nations. The market segmentation by distillate type provides insights into the evolving energy needs of the region, with light distillates potentially experiencing higher growth due to their widespread use in transportation. The geographic segmentation highlights the variations in market dynamics across different countries, reflecting their specific economic development levels and energy consumption patterns. Recent developments include: On 24th January 2022, the Dangote refinery in Lagos, Nigeria, started performing a test run for a full startup of its refinery. The plant has a processing capacity of 650,000 b/d, and it is expected to be Africa's largest refinery. The company aims to start full production by the end of 2022 or the beginning of 2023., In February 2021, The Republic of the Congo government launched the construction of an oil refinery near the port city of Pointe-Noire. The total cost of the refinery is estimated to be around USD 600 Million. The Atlantic Petrochemical Refinery will have a processing capacity of 2.5 mtpa.. Notable trends are: The Middle Distillates is Expected to Dominate the Market.