Nigeria: Foreign aid

* indicates monthly or quarterly data series
 Nigeria

Foreign aid and official development assistance received

 Latest value 3357.19
 Year 2021
 Measure million U.S. dollars
 Data availability 1960 - 2021
 Average 981.54
 Min - Max 20.72 - 11431.96
 Source World Bank
For that indicator, we provide data for Nigeria from 1960 to 2021. The average value for Nigeria during that period was 981.54 million U.S. dollars with a minimum of 20.72 million U.S. dollars in 1963 and a maximum of 11431.96 million U.S. dollars in 2006. The latest value from 2021 is 3357.19 million U.S. dollars. For comparison, the world average in 2021 based on 134 countries is 973.45 million U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - Foreign aid - recent values

Historical chart
Nigeria - Foreign aid - historical chart - 1960-2021




Definition: 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.


 Related indicators Latest value Reference Measure
 Fiscal balance, percent of GDP -4.90 2022 percent
 Government debt 22.85 2022 percent
 Government expenditure 2,316.32 Q3/2022 billion
 Commercial tax rate 34.80 2019 percent
 Tax preparation time 343 2019 hours
 Number of taxes 48 2019 taxes
 Foreign aid 3,357.19 2021 million U.S. dollars
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