Wealth share of the richest 1% in Nigeria
Nigeria: Wealth share of the richest 1% was 28.0% in 2024. ▼ Falling
Wealth share of the richest 1% in Nigeria, 1820–2024
Source: World Inequality Database (WID.world) (2026) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for wealth share of the richest 1% in Nigeria is 28.0%, measured in 2024.
The figure is up 7.8% on the previous year and up 12.2% over ten years.
Over the whole period, wealth share of the richest 1% in Nigeria peaked at 46.9% in 1970 and was at its lowest, 24.0%, in 2010.
That places Nigeria 74th out of 215 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 56 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1820s | 41.8% | 41.8% | 41.8% | 1 |
| 1850s | 43.6% | 43.6% | 43.6% | 1 |
| 1880s | 45.7% | 45.7% | 45.7% | 1 |
| 1900s | 45.7% | 45.7% | 45.7% | 1 |
| 1910s | 45.6% | 45.6% | 45.6% | 1 |
| 1920s | 45.7% | 45.7% | 45.7% | 1 |
| 1930s | 45.8% | 45.8% | 45.8% | 1 |
| 1940s | 45.9% | 45.9% | 45.9% | 1 |
| 1950s | 46.1% | 46.1% | 46.1% | 1 |
| 1960s | 46.8% | 46.8% | 46.8% | 1 |
| 1970s | 46.9% | 46.9% | 46.9% | 1 |
| 1980s | 24.5% | 24.4% | 25.1% | 10 |
| 1990s | 25.7% | 25.4% | 25.9% | 10 |
| 2000s | 25.0% | 24.2% | 25.6% | 10 |
| 2010s | 24.7% | 24.0% | 25.2% | 10 |
| 2020s | 25.8% | 24.7% | 28.0% | 5 |
Countries ranked near Nigeria
More reference data data for Nigeria
- Spring temperature anomalies 0.3216 °C (2026)
- Summer temperature anomalies 0.3105 °C (2026)
- Temperature anomalies by month 1.8 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.4187 °C (2025)
- Winter temperature anomalies 1.76 °C (2025)
- Consumer price index 860.32 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 0 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is wealth share of the richest 1% in Nigeria?
- Wealth share of the richest 1% in Nigeria was 28.0% in 2024, according to World Inequality Database (WID.world) (2026) – with major processing by Our World in Data.
- What is the highest wealth share of the richest 1% recorded in Nigeria?
- The highest recorded value was 46.9% in 1970.
- What is the lowest wealth share of the richest 1% recorded in Nigeria?
- The lowest recorded value was 24.0% in 2010.
- How does Nigeria rank for wealth share of the richest 1%?
- Nigeria ranks 74th out of 215 countries with data for 2024.
- Is wealth share of the richest 1% rising or falling in Nigeria?
- Over the last ten years it is up 12.2%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from World Inequality Database (WID.world) (2026) – with major processing by Our World in Data, published as part of Wealth share of the richest 1%. Statizoid updates them automatically from the source API.
Download this data
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About this data
The share of wealth owned by the richest 1% of the population. Wealth is defined as the total value of non-financial and financial assets (housing, land, deposits, bonds, equities, etc.) held by households, minus their debts.