In 2023, Nigeria's share in total domestic material consumption of biomass stood at a substantial 72.0%. The forecasted data from 2024 to 2028 shows a consistent but gradual decline in this share. Specifically, the share is expected to decrease from 71.44% in 2024 to 70.08% in 2028. This indicates a year-on-year reduction of approximately 0.5% to 0.6%. The CAGR over these five years reflects an average annual decline of 0.5% in the share of biomass in total domestic material consumption.
Future trends to watch for include potential shifts towards alternative renewable energy sources, improvements in agricultural efficiency, and possible changes in domestic consumption patterns that could further impact the percentage share of biomass in Nigeria’s material consumption.