Economy, jobs and prices in Akwa Ibom, Nigeria: official figures
36.2% of people in Akwa Ibom are poor and live with an unemployed adult, and 32.7% are poor and live with an underemployed adult (2021/22).
What is the inflation rate in Akwa Ibom?
Consumer prices in Akwa Ibom were 16.58% higher in September 2026 than a year earlier, 11th highest of the 36 states and the FCT (Nigeria: 14.63%).
Source: National Bureau of Statistics · saved copyHow fast are food prices rising in Akwa Ibom?
Food prices in Akwa Ibom were up 19.97% on September 2025, 17th highest of the 36 states and the FCT (Nigeria: 19.59%).
Source: National Bureau of Statistics · saved copyHow much is petrol in Akwa Ibom?
Petrol cost an average of ₦1,629.08 a litre in Akwa Ibom in May 2026, 12th most expensive of the 36 states and the FCT (national average ₦1,596.25); a year earlier it was ₦1,033.41.
Source: National Bureau of Statistics · saved copyHow much does it cost to eat healthily in Akwa Ibom?
The cheapest healthy diet cost ₦1,314 per person per day in Akwa Ibom in April 2026, about ₦39,419 a month, 3rd cheapest of the 36 states and the FCT (national average ₦1,589).
Source: National Bureau of Statistics · saved copyHow many homes in Akwa Ibom have electricity?
56.8% of households in Akwa Ibom had electricity in 2021 (52.3% from the national grid, 4.5% off-grid), 19th highest of the 36 states and the FCT (Nigeria: 63.5%).
Source: National Bureau of Statistics · saved copyHow many people in Akwa Ibom use the internet?
There were 2,552,364 active internet subscriptions in Akwa Ibom at the end of 2025, up 10.9% on a year earlier, and 3,099,355 active voice lines. That is about 51 internet subscriptions per 100 residents, 14th lowest of the 36 states and the FCT (one person can hold several lines).
Source: National Bureau of Statistics · saved copyHow many banks are there in Akwa Ibom?
Akwa Ibom had 95 commercial bank branches in 2022, about 1.9 per 100,000 residents; 16th highest of the 36 states and the FCT.
Source: National Bureau of Statistics · saved copyHow Akwa Ibom compares with other states
Inflation, year on year (Sep 2026)
Akwa Ibom ranks 11 of 37, highest first.
| Rank | Region | Inflation, year on year |
|---|---|---|
| 8 | Lagos | 17.35% |
| 9 | Kaduna | 17.31% |
| 10 | Rivers | 17.27% |
| 11 | Akwa Ibom | 16.58% |
| 12 | Benue | 16.23% |
| 13 | Ondo | 15.92% |
| 14 | Kwara | 15.74% |
Petrol, average price per litre (May 2026)
Akwa Ibom ranks 12 of 37, highest first.
| Rank | Region | Petrol, average price per litre |
|---|---|---|
| 9 | Taraba | ₦1,648 |
| 10 | Oyo | ₦1,640 |
| 11 | Ebonyi | ₦1,633 |
| 12 | Akwa Ibom | ₦1,629 |
| 13 | Plateau | ₦1,624 |
| 14 | Kano | ₦1,607 |
| 15 | Federal Capital Territory | ₦1,603 |
Households with electricity (2021)
Akwa Ibom ranks 19 of 37, highest first.
| Rank | Region | Households with electricity |
|---|---|---|
| 16 | Ogun | 65.3% |
| 17 | Kogi | 61.0% |
| 18 | Niger | 59.9% |
| 19 | Akwa Ibom | 56.8% |
| 20 | Ebonyi | 56.4% |
| 21 | Kano | 53.5% |
| 22 | Borno | 49.7% |
More on Akwa Ibom: overview · health · education and schools · poverty and living standards · government budget · Nigeria
Sources
- National Bureau of Statistics: Annual Abstract of Statistics 2023, Table 434: deposit money bank branches by state, 2017-2022 (Central Bank of Nigeria), read 23 October 2026 · saved copy (SHA-256 e033cb20cc2d…)
- National Bureau of Statistics: Cost of a Healthy Diet, April 2026: state averages (naira per person per day), read 23 October 2026 · saved copy (SHA-256 f0db22b5253f…)
- National Bureau of Statistics: CPI and Inflation Report September 2026: Table 1 (national) and Table 5 (state consumer price indices), read 23 October 2026 · saved copy (SHA-256 6951a9d0b87f…)
- National Bureau of Statistics: Nigeria Multidimensional Poverty Index (2022), Appendix D tables by state, read 23 October 2026 · saved copy (SHA-256 26498590b192…)
- National Bureau of Statistics: Premium Motor Spirit (Petrol) Price Watch, May 2026: average price per litre by state, read 23 October 2026 · saved copy (SHA-256 b792493b6fb8…)
- National Bureau of Statistics: Telecoms Data Q4 2025: active voice and internet subscriptions per state (Telecoms_Q4_2025.xlsx), read 23 October 2026 · saved copy (SHA-256 70362bae97f6…)
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