03_Official bilateral loans, total in Nigeria
Nigeria: 03_Official bilateral loans, total was 1.78 billion in 2023. ◆ Volatile
03_Official bilateral loans, total in Nigeria, 1996–2023
Source: OECD.
Analysis
Nigeria recorded 1.78 billion for 03_official bilateral loans, total in 2023.
Compared with earlier readings it is up 50.6% on the previous year and up 1,299.2% over ten years.
Over the whole period, 03_official bilateral loans, total in Nigeria peaked at 8.39 billion in 1997 and was at its lowest, 19.00 million, in 2006.
Nigeria ranks 30th of 162 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
03_Official bilateral loans, total in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | 4.85 billion | — |
| 1997 | 8.39 billion | +73.1% |
| 1998 | 1.65 billion | -80.4% |
| 1999 | 1.61 billion | -2.1% |
| 2000 | 1.63 billion | +1.4% |
| 2001 | 1.52 billion | -6.9% |
| 2002 | 1.61 billion | +6.1% |
| 2003 | 2.17 billion | +34.9% |
| 2004 | 643.00 million | -70.4% |
| 2005 | 583.00 million | -9.3% |
| 2006 | 19.00 million | -96.7% |
| 2007 | 41.00 million | +115.8% |
| 2008 | 61.00 million | +48.8% |
| 2009 | 49.00 million | -19.7% |
| 2010 | 60.00 million | +22.4% |
| 2011 | 94.00 million | +56.7% |
| 2012 | 77.00 million | -18.1% |
| 2013 | 127.00 million | +64.9% |
| 2014 | 219.00 million | +72.4% |
| 2015 | 478.00 million | +118.3% |
| 2016 | 589.00 million | +23.2% |
| 2017 | 756.00 million | +28.4% |
| 2018 | 978.00 million | +29.4% |
| 2019 | 1.01 billion | +2.9% |
| 2020 | 1.38 billion | +36.8% |
| 2021 | 1.33 billion | -3.3% |
| 2022 | 1.18 billion | -11.3% |
| 2023 | 1.78 billion | +50.6% |
Nigeria compared with similar countries
- Nigeria's 1.78 billion is above the median for lower middle income countries, which is 462.00 million, 3.8× the median. (45 countries reporting)
- Nigeria's 1.78 billion is above the median for Sub-Saharan Africa, which is 258.00 million, 6.9× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.12 billion | 1.61 billion | 8.39 billion | 4 |
| 2000s | 833.60 million | 19.00 million | 2.17 billion | 10 |
| 2010s | 438.40 million | 60.00 million | 1.01 billion | 10 |
| 2020s | 1.42 billion | 1.18 billion | 1.78 billion | 4 |
Countries ranked near Nigeria
More reference data data for Nigeria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.77 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 19.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 27 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 27 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.94 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.8 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 81.9 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 121.16 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 14.27 (2050)
Frequently asked questions
- What is 03_official bilateral loans, total in Nigeria?
- 03_official bilateral loans, total in Nigeria was 1.78 billion in 2023, according to OECD.
- What is the highest 03_official bilateral loans, total recorded in Nigeria?
- The highest recorded value was 8.39 billion in 1997.
- What is the lowest 03_official bilateral loans, total recorded in Nigeria?
- The lowest recorded value was 19.00 million in 2006.
- How does Nigeria rank for 03_official bilateral loans, total?
- Nigeria ranks 30th out of 162 countries with data for 2023.
- Is 03_official bilateral loans, total rising or falling in Nigeria?
- Over the last ten years it is up 1,299.2%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from OECD, published as part of 03_Official bilateral loans, total. Statizoid updates them automatically from the source API.
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About this data
The data show the outstanding debt on loans, other than direct export credits, extended by governments which are members of the OECD’s Development Assistance Committee (DAC). In addition to straightforward loans, official bilateral loans include loans repayable in kind, and eligible loans in Associated Financing packages.