Knowledge Tree
Relations (1)
cross_type 3.17 — strongly supporting 8 facts
The World Bank Group serves as a primary source for economic, demographic, and governance data regarding Nigeria, as evidenced by its reports on population [1], energy access {fact:2, fact:7}, and resource dependency {fact:3, fact:4}. Furthermore, the organization provides critical analytical classifications and performance metrics for the country, including governance indicators [2], GDP rankings [3], and economic status [4].
Facts (8)
Sources
Energy asset stranding in resource-rich developing countries and ... frontiersin.org 7 facts
claimThe World Bank classifies Nigeria as a 'Lower middle-income' economy, fulfilling the criteria of a resource-rich developing country (RRDC).
referenceThe article 'Energy asset stranding in resource-rich developing countries and the just transition - A framework to push research frontiers' utilizes World Bank data, including Worldwide Governance Indicators (2022) and electricity access statistics for Nigeria (2023).
measurementAccording to the World Bank (2021), Nigeria's GDP per capita was 5,860 US-Dollars in purchasing power parities (ranking 141st) and 2,184 in 2022 US-Dollars (ranking 180th).
measurementAccording to the World Bank's 2022 World Governance Indicators, Nigeria received negative values for all indicators, with the worst performance in 'Political stability and violence' and the second-worst in 'government effectiveness' based on data from 2015 to 2021.
measurementIn 2021, 40% of the population in Nigeria did not have access to electricity, which is one of the highest rates of energy poverty worldwide, according to the World Bank (2023).
measurementThe Nigerian economy ranked 19th in dependency on resource rents in 2019, according to the World Bank (2021).
measurementIn 2019, Nigeria was the world's 12th largest crude oil producer and 17th largest natural gas producer, according to the World Bank (2021).
Dietary diversity insufficiently explains differences in prevalence of ... journals.plos.org 1 fact
referenceThe World Bank Group maintains data on the total population of Nigeria, updated as of 2025.