A recent study by the IMF estimates that Nigerian energy exports are valued at $ 5.3 trillion for this year , or 6.5 per cent of global GDP . In many top subsidizers in percent of GDP and in per capita terms, these also reflect the setting of domestic energy prices below their supply cost. Subsides are expected to remain high despite sharp increases in international energy prices ; the subsidy per a litre of fuel was N46.58 while the landing cost stands at zero and the country is expected to spend about 2.2 billion on fuel subsidy from a consumption of 48 million litres of fuel .
A recent study by the IMF estimates that Nigerian energy exports are valued at $ 5.3 trillion for this year , or 6.5 per cent of global GDP . Subsides are expected to remain high despite sharp increases in international energy prices ; the subsidy per a litre of fuel was N46.58 while the landing cost stands at zero and the country is expected to spend about 2.2 billion on fuel subsidy from a consumption of 48 million litres of fuel .