NGN Value Calculator: Nigeria
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According to World Bank CPI data (FP.CPI.TOTL), ₦1,000 in Nigeria in 2000 had the same purchasing power as ₦23,628.15 in 2024 — a cumulative inflation of 2,262.8% (14.08%/year average).
You requested data up to 2026, but the latest available year is 2024. Figures below reflect 2024.
Value Over Time
Year-by-Year Historical Data
| Year | CPI | Equivalent Value | Annual Change |
|---|---|---|---|
| 2000 | 29.60 | ₦1,000.00 | - |
| 2001 | 35.19 | ₦1,188.74 | +18.9% |
| 2002 | 39.72 | ₦1,341.81 | +12.9% |
| 2003 | 45.29 | ₦1,530.08 | +14.0% |
| 2004 | 52.08 | ₦1,759.57 | +15.0% |
| 2005 | 61.39 | ₦2,073.89 | +17.9% |
| 2006 | 66.44 | ₦2,244.47 | +8.2% |
| 2007 | 70.02 | ₦2,365.40 | +5.4% |
| 2008 | 78.12 | ₦2,639.34 | +11.6% |
| 2009 | 87.92 | ₦2,970.26 | +12.5% |
| 2010 | 100.00 | ₦3,378.37 | +13.7% |
| 2011 | 110.83 | ₦3,744.12 | +10.8% |
| 2012 | 124.37 | ₦4,201.81 | +12.2% |
| 2013 | 134.94 | ₦4,558.77 | +8.5% |
| 2014 | 145.80 | ₦4,925.64 | +8.0% |
| 2015 | 158.93 | ₦5,369.41 | +9.0% |
| 2016 | 183.88 | ₦6,212.23 | +15.7% |
| 2017 | 214.23 | ₦7,237.39 | +16.5% |
| 2018 | 240.14 | ₦8,112.76 | +12.1% |
| 2019 | 267.51 | ₦9,037.33 | +11.4% |
| 2020 | 302.94 | ₦10,234.41 | +13.2% |
| 2021 | 354.30 | ₦11,969.44 | +17.0% |
| 2022 | 421.07 | ₦14,225.34 | +18.8% |
| 2023 | 524.91 | ₦17,733.25 | +24.7% |
| 2024 | 699.39 | ₦23,628.15 | +33.2% |
Quick Reference Values
What 2000 amounts are worth in 2024 in Nigeria:
| 2000 | 2024 |
|---|---|
| ₦1 | ₦23.63 |
| ₦10 | ₦236.28 |
| ₦100 | ₦2,362.82 |
| ₦1,000 | ₦23,628.15 |
| ₦10,000 | ₦236,281.50 |
Inflation by Decade in Nigeria
| Decade | Cumulative Inflation | Annual Rate |
|---|---|---|
| 1960–1969 | +32.3% | 3.16% |
| 1970–1979 | +271.4% | 15.69% |
| 1980–1989 | +455.1% | 20.98% |
| 1990–1999 | +1,046.8% | 31.14% |
| 2000–2009 | +197.0% | 12.86% |
| 2010–2019 | +167.5% | 11.55% |
| 2020–2024 | +130.9% | 23.27% |
The steepest single-year rise in this period was 33.2% in 2024; the calmest was 5.4% in 2007.
This equals a compound annual rate of 14.08% — about 5 years to double prices at that pace.
- In 2000, ₦1,000 in Nigeria had the same buying power as ₦23,628.15 in 2024.
- In 2010, ₦1,000 in Nigeria had the same buying power as ₦6,993.95 in 2024.
- In 2020, ₦1,000 in Nigeria had the same buying power as ₦2,308.70 in 2024.
Frequently Asked Questions
How much is 1,000 NGN from 2000 worth in 2026?
₦1,000 from 2000 is worth about ₦23,628.15 in 2026 in Nigeria, after 2262.81% cumulative inflation.
What was the average annual inflation rate in Nigeria between 2000 and 2026?
The average annual (compound) inflation rate was 14.08% over 24 years.