The non-coniferous wood fuel production in Nigeria stood at 67.513 million cubic meters in 2023. Over the past decade, the year-on-year percentage variation shows a general upward trend, though it has been modest. The compound annual growth rate (CAGR) over the last five years was 0.39%, indicating slower growth compared to previous periods. From 2024 onwards, the forecast suggests a continued but subdued increase, with an expected 0.31% CAGR over the next five years, resulting in an overall growth rate of 1.55% by 2028.
Future trends to watch for:
- Increased focus on sustainable wood fuel production methods.
- Potential policy changes aimed at reducing deforestation may impact growth rates.
- Advances in technology could improve efficiency in wood fuel production and usage.
- Shifts in energy demand towards cleaner alternatives might affect production trends.
