Net official development assistance received in Nigeria
Nigeria: Net official development assistance received was 3.60 billion current US$ in 2023. ◆ Volatile
Net official development assistance received in Nigeria, 1960–2023
Source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD). Measured in current US$.
Analysis
The most recent figure for net official development assistance received in Nigeria is 3.60 billion current US$, measured 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 received in Nigeria peaked at 11.43 billion current US$ in 2006 and was at its lowest, 20.72 million current US$, in 1963.
Nigeria ranks 9th of 170 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 53.01 million current US$ | 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 and official aid received 3.60 billion constant 2023 US$ (2023)
- Net official development assistance and official aid received 3.60 billion current 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 received in Nigeria?
- Net official development assistance 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 received recorded in Nigeria?
- The highest recorded value was 11.43 billion current US$ in 2006.
- What is the lowest net official development assistance 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 received?
- Nigeria ranks 9th out of 170 countries with data for 2023.
- Is net official development assistance 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 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). Data are in current U.S. dollars.