• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Economy

Households and businesses in Lagos consume 15.6 billion litres of fuel annually- Report 

Aghogho Udi by Aghogho Udi
October 13, 2024
in Economy, Energy, Sectors
Petrol price, NNPCL, PMS

Image credit: Nairametrics file

Share on FacebookShare on TwitterShare on Linkedin

Households and businesses in Lagos consume a combined 15.6 billion litres of petrol yearly according to a new report.

The report produced by Sustainable Energy for All (SEforALL), in collaboration with the Lagos State Government, highlights progress in advancing the energy transition in Lagos State and across Nigeria.

The report reveals that households consume approximately 9 billion litres of fuel annually, while Micro, Small, and Medium Enterprises (MSMEs) consume 6.6 billion litres of fuel each year.

RelatedStories

Nigeria’s Credit Crisis: Why MSMEs must fix their credit habits now

Nigeria’s Credit Crisis: Why MSMEs must fix their credit habits now

August 19, 2025
UBA to empower female entrepreneurs, drive financial inclusion with N5 Billion BOI MSME Fund 

UBA to empower female entrepreneurs, drive financial inclusion with N5 Billion BOI MSME Fund 

August 18, 2025

The report noted that the average estimated fuel consumption per household in Lagos is about 2000L resulting in almost 45,000 kg of carbon equivalent emissions per year.

According to the report, the 9 billion litres of petrol consumed by households translates to 21 million tons of carbon equivalents (tCO2e) emission annually. This figure for businesses stood at ~ 17.8 million tons of carbon equivalents of emission every year.

Household fuel consumption in Lagos 

Furthermore, the report noted that 54% of households in Nigeria’s economic nerve centre consume less than 1.5 litres of fuel daily while 17% consume between 1 to 3 litres daily and 29% consume more than 3 litres of fuel daily.

Also, almost half of Lagos households (49%) use their generating sets for three to four days weekly while 29% use theirs for one or two days weekly. Only 6% of households use their generating set every day of the week while 13% of households in the state use theirs for five to six days every week.

In terms of alternative energy supply, a significant 88% of Lagos households would consider alternative energy sources if available, with 70% being aware of solar power and 75% expressing interest. Despite this, only 2% currently use solar energy, and 28% have considered alternative energy options since the petrol subsidy removal.

The high cost of purchasing solar power was reported as the major barrier to transitioning away from the national grid or generating sets.

MSMEs use of generating sets 

  • For MSMEs, the report revealed that 94% owned a generating set consuming 6.6 billion litres of fuel annually.
  • Data gleaned from the report revealed that 21% of MSMEs in the state have an average of 36,500 litres of fuel per year while 5% of this category of businesses consume an average between 18,250 to 36,500 litres of fuel yearly.
  • On the other hand, a whopping 39% of MSMEs in Lagos state consume less than 1,825 litres of petrol per year.
  • Over half (52%) of MSMEs as reported are willing to explore alternative energy sources, with 26% specifically considering this option since the petrol subsidy removal. While 80% are aware of solar power and 64% show interest, only 3% currently use it.

Follow us for Breaking News and Market Intelligence.
Tags: fuel consumptionLagosMSMEsSEForAll
Aghogho Udi

Aghogho Udi

My name is Aghogho Udi, a writer, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader African context. My focus lies in shedding light on the intricate connections between macroeconomics and politics, offering valuable insights that foster comprehension of Africa's prevailing economic landscape and the world in general.

Related Posts

Nigeria’s Credit Crisis: Why MSMEs must fix their credit habits now
Companies

Nigeria’s Credit Crisis: Why MSMEs must fix their credit habits now

August 19, 2025
UBA to empower female entrepreneurs, drive financial inclusion with N5 Billion BOI MSME Fund 
Companies

UBA to empower female entrepreneurs, drive financial inclusion with N5 Billion BOI MSME Fund 

August 18, 2025
The 10 most indebted states in Nigeria as of December 2024
Sectors

Lagos tops global traffic congestion in 2025, ahead of Los Angeles, Delhi and San Jose — Report 

August 16, 2025
Top 10 most expensive cities in Africa for prime office spaces  
Exclusives

Top 10 most expensive cities in Africa for prime office spaces  

August 15, 2025
NCGC: 80% of Nigerian MSMEs lack formal credit access amid rising economic pressures 
Economy

NCGC: 80% of Nigerian MSMEs lack formal credit access amid rising economic pressures 

July 29, 2025
Dangote Refinery
Energy

Dangote’s petrol distribution to save Nigerians N1.7 trillion annually, to boost 42 million MSMEs

June 30, 2025
Next Post
railway projects

Train accident claims life of 50-year-old man at Oshodi, Lagos 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

arco
Palmpay
access bank
nairametrics
first bank








DUNS

Recent News

  • Lagos launches online platform for Diaspora Land Use Charge appeals
  • Pension funds as Nigeria’s hidden infrastructure engine for development 
  • SEC-Registered Investment Funds: N120.85 billion undeployed in Q4 2024 

Follow us on social media:

Recent News

Lagos to earn additional $1 billion forex inflows annually 

Lagos launches online platform for Diaspora Land Use Charge appeals

October 8, 2025
Pension funds as Nigeria’s hidden infrastructure engine for development 

Pension funds as Nigeria’s hidden infrastructure engine for development 

October 8, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics