Nigeria · 1980–2025 · CPI Data

What Is Your
₦ Worth Today?

NairaWorth calculates the real purchasing power of the Nigerian Naira across any year from 1980 to 2025. Based on NBS/World Bank/IMF CPI data.

ⓘ Data note: Years 1980–1999 use World Bank/IMF historical CPI estimates, which are less granular than post-2000 NBS figures. Results for this earlier period are approximate. All amounts are in Nigerian Naira (₦); Nigeria adopted the naira in 1973.
Calculate Purchasing Power
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Equivalent value in 2025
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Total Inflation
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Avg Per Year
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Purchasing Power Lost
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Annual Nigeria Inflation Rate (%)

Why Does Naira Lose Value?

The naira loses purchasing power when the money supply grows faster than economic output. Nigeria's heavy dependence on oil revenue, import costs, and government deficits are major drivers of persistent inflation.

About This Data

Calculations use annual CPI inflation figures from 1980–2025. Post-2000 data is sourced from the National Bureau of Statistics (NBS). Pre-2000 figures are World Bank/IMF historical estimates. The 2024–2025 figures reflect NBS's rebased methodology using 2024 as the new base year.

2023–2024: Worst in Decades

Nigeria saw its worst inflation in a generation: 24.7% in 2023 and 31.4% in 2024, driven by fuel subsidy removal, naira devaluation, and food supply shocks. Prices nearly doubled in just two years.

How to Use This Calculator

Enter any naira amount, choose a start year and end year, then click Calculate. Use it to compare salaries, savings, or prices over time and understand the real impact of inflation on everyday Nigerians.