Nigeria’s sustainable aviation fuel market to hit $312B
The worldwide market for sustainable aviation fuel will reach 312 billion dollars by 2029 as Nigeria and other nations adopt cleaner energy alternatives for aircraft operations. Market value jumped from 175.41 billion dollars in 2024 to 196.04 billion dollars in 2025 at an 11.8 percent annual growth rate driven by industrial expansion and renewable energy transitions. Projections show 12.3 percent annual growth over the forecast period as carbon-emission concerns mount and electric-vehicle production increases.
Federal Airports Authority of Nigeria managing director Olubunmi Kuku called for industry-wide partnerships to reduce logistics costs and expand fuel availability across the country. The agency plans additional fuel farms at airports to reduce transportation costs while maintaining global quality standards for storage and handling procedures. Infrastructure improvements will support the adoption of sustainable aviation fuel by collaborating with petroleum marketers that meet the technical requirements.
Octavus Petroleum operations manager Peter Dia warned that unqualified personnel threaten safety in the fueling sector, where one 45,000-liter tanker costs approximately 1 billion naira. Regulators must verify that marketers possess adequate financial resources and technical expertise to ensure proper fuel quality certification. Airport planners excluded fuel infrastructure specialists from design decisions, leaving new terminals without hydrant systems.
Ibom Air regional manager Martin Abhulimen urged fuel suppliers to negotiate collectively with airlines, following price increases between 2023 and 2024 that damaged carrier profitability without corresponding fare adjustments. Market volatility prevents effective hedging strategies that work in stable economies. Secondary airports lack adequate infrastructure to support efficient airline operations.
