fossil fuel resources ↔ Nigeria

Relations (1)

cross_type 2.00 — strongly supporting 3 facts

Nigeria is directly linked to fossil fuel resources through the measurement of its significant reserves relative to GDP [1] and the projected economic impact of declining global demand on the value of these specific resources [2], [3].

Facts (3)

Sources

Energy asset stranding in resource-rich developing countries and ... frontiersin.org Frontiers 3 facts

measurementManley et al. (2017) calculated that the value of Nigeria's fossil reserves could decline by 15% and 26% if fossil prices are 1% and 2% lower, respectively, in the coming decades compared to the 2010s due to declining global demand.

measurementNigeria's fossil fuel reserves to GDP ratio was 222% in 2015.

measurementThe value of Nigeria's fossil fuel reserves is projected to decline by 15–26% in the coming decades compared to 2010 levels.