Net official development assistance and official aid received in Nigeria
Nigeria: Net official development assistance and official aid received was 3.60 billion current US$ in 2023. ◆ Volatile
Net official development assistance and official aid received in Nigeria, 1960–2023
Source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD). Measured in current US$.
Analysis
Nigeria recorded 3.60 billion current US$ for net official development assistance and official aid received in 2023.
Compared with earlier readings it is down 18.4% on the previous year and up 43.0% over ten years.
Over the whole period, net official development assistance and official aid received in Nigeria peaked at 11.43 billion current US$ in 2006 and was at its lowest, 20.72 million current US$, in 1963.
That places Nigeria 9th out of 180 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 53.01 million current US$ | 20.72 million current US$ | 85.11 million current US$ | 10 |
| 1970s | 68.77 million current US$ | 25.74 million current US$ | 107.54 million current US$ | 10 |
| 1980s | 80.73 million current US$ | 31.71 million current US$ | 344.00 million current US$ | 10 |
| 1990s | 220.52 million current US$ | 151.99 million current US$ | 288.42 million current US$ | 10 |
| 2000s | 2.43 billion current US$ | 167.82 million current US$ | 11.43 billion current US$ | 10 |
| 2010s | 2.47 billion current US$ | 1.07 billion current US$ | 3.36 billion current US$ | 10 |
| 2020s | 3.73 billion current US$ | 3.38 billion current US$ | 4.41 billion current US$ | 4 |
Countries ranked near Nigeria
More aid effectiveness data for Nigeria
- Net bilateral aid flows from DAC donors, Austria 3.59 million current US$ (2023)
- Net ODA received per capita 15.78 current US$ (2023)
- Net official development assistance received 3.60 billion constant 2023 US$ (2023)
- Net ODA received 0.8% (2023)
- Net official development assistance received 3.60 billion current US$ (2023)
- Net official development assistance and official aid received 3.60 billion constant 2023 US$ (2023)
- Net official flows from UN agencies, UNDP 5.26 million current US$ (2022)
- Net official flows from UN agencies, UNICEF 42.88 million current US$ (2023)
- Net bilateral aid flows from DAC donors, United States 934.49 million current US$ (2023)
- Net bilateral aid flows from DAC donors, Total 1.58 billion current US$ (2023)
Frequently asked questions
- What is net official development assistance and official aid received in Nigeria?
- Net official development assistance and official aid received in Nigeria was 3.60 billion current US$ in 2023, according to Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD).
- What is the highest net official development assistance and official aid received recorded in Nigeria?
- The highest recorded value was 11.43 billion current US$ in 2006.
- What is the lowest net official development assistance and official aid received recorded in Nigeria?
- The lowest recorded value was 20.72 million current US$ in 1963.
- How does Nigeria rank for net official development assistance and official aid received?
- Nigeria ranks 9th out of 180 countries with data for 2023.
- Is net official development assistance and official aid received rising or falling in Nigeria?
- Over the last ten years it is up 43.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD), published as part of Net official development assistance and official aid received (current US$). Statizoid updates them automatically from the source API.
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About this data
Net official development assistance (ODA) consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of the Development Assistance Committee (DAC), by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent). Net official aid refers to aid flows (net of repayments) from official donors to countries and territories in part II of the DAC list of recipients: more advanced countries of Central and Eastern Europe, the countries of the former Soviet Union, and certain advanced developing countries and territories. Official aid is provided under terms and conditions similar to those for ODA. Part II of the DAC List was abolished in 2005. The collection of data on official aid and other resource flows to Part II countries ended with 2004 data. Data are in current U.S. dollars.