▁individual ▁winner , ▁it ▁is ▁the ▁biggest ▁literary ▁award ▁in ▁Africa ▁and ▁one ▁of ▁the ▁rich est ▁literary ▁awards ▁in ▁the ▁world . ▁ ▁History ▁The ▁Prize ▁was ▁established ▁in ▁ 2 0 0 4 ▁and ▁spons ored ▁by ▁Niger ia ▁L ique f ied ▁Natural ▁Gas ▁company . ▁However ▁the ▁process ▁and ▁jud ging ▁are ▁admin ister ed ▁by ▁Niger ian ▁Academy ▁of ▁Science ▁with ▁advis ory ▁board ▁made ▁up ▁of ▁members ▁from ▁ ▁Niger ia ▁Academy ▁of ▁Let ters ▁and ▁Association ▁of ▁Niger ian ▁Auth ors . ▁ ▁The ▁Prize ▁was ▁initially ▁$ 2 0 , 0 0 0 . ▁This ▁was ▁increased ▁to ▁$ 3 0 , 0 0 0 ▁in ▁ 2 0 0 6 , ▁and ▁again ▁to ▁$ 5 0 , 0 0 0 ▁in ▁ 2 0 0 8 . ▁In ▁ 2 0 1 1 ▁the ▁prize ▁was ▁increased ▁to ▁$ 1 0 0 , 0 0 0 . ▁ ▁Years ▁with ▁no ▁winner ▁Since ▁in ception , ▁the ▁award ▁is ▁normally ▁awarded ▁in ▁October . ▁But ▁for ▁three ▁non - con sec utive ▁years , ▁the ▁panel ▁of ▁the ▁jud ges ▁couldn ' t ▁come ▁to ▁conclusion ▁on ▁the ▁winner , ▁this ▁resulted ▁in ▁the ▁award ▁not ▁awarded ▁in ▁ 2 0 0 4 , ▁ 2 0 0 9 ▁and ▁ 2 0 1 5 . ▁ ▁Past ▁recip ients ▁ ▁See ▁also ▁Niger ia ▁Prize ▁for ▁Science ▁List ▁of ▁literary ▁awards ▁List ▁of ▁rich est ▁literary ▁pri zes ▁Grand ▁Prix ▁of ▁Liter