05_Official bilateral loans, other in Nigeria
Nigeria: 05_Official bilateral loans, other was 970.00 million in 2023. ◆ Volatile
05_Official bilateral loans, other in Nigeria, 2004–2023
Source: OECD.
Analysis
In 2023, 05_official bilateral loans, other in Nigeria stood at 970.00 million. That is the highest value across all 20 years on record.
The figure is up 226.6% on the previous year and up 1,326.5% over ten years.
Over the whole period, 05_official bilateral loans, other in Nigeria peaked at 970.00 million in 2023 and was at its lowest, 7.00 million, in 2005.
That places Nigeria 5th out of 105 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
05_Official bilateral loans, other in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 70.00 million | — |
| 2005 | 7.00 million | -90.0% |
| 2006 | 14.00 million | +100.0% |
| 2007 | 36.00 million | +157.1% |
| 2008 | 58.00 million | +61.1% |
| 2009 | 47.00 million | -19.0% |
| 2010 | 58.00 million | +23.4% |
| 2011 | 93.00 million | +60.3% |
| 2012 | 77.00 million | -17.2% |
| 2013 | 68.00 million | -11.7% |
| 2014 | 72.00 million | +5.9% |
| 2015 | 240.00 million | +233.3% |
| 2016 | 298.00 million | +24.2% |
| 2017 | 285.00 million | -4.4% |
| 2018 | 350.00 million | +22.8% |
| 2019 | 369.00 million | +5.4% |
| 2020 | 593.00 million | +60.7% |
| 2021 | 535.00 million | -9.8% |
| 2022 | 297.00 million | -44.5% |
| 2023 | 970.00 million | +226.6% |
Nigeria compared with similar countries
- Nigeria's 970.00 million is above the median for lower middle income countries, which is 89.00 million, 10.9× the median. (37 countries reporting)
- Nigeria's 970.00 million is above the median for Sub-Saharan Africa, which is 53.00 million, 18.3× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 38.67 million | 7.00 million | 70.00 million | 6 |
| 2010s | 191.00 million | 58.00 million | 369.00 million | 10 |
| 2020s | 598.75 million | 297.00 million | 970.00 million | 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 05_official bilateral loans, other in Nigeria?
- 05_official bilateral loans, other in Nigeria was 970.00 million in 2023, according to OECD.
- What is the highest 05_official bilateral loans, other recorded in Nigeria?
- The highest recorded value was 970.00 million in 2023.
- What is the lowest 05_official bilateral loans, other recorded in Nigeria?
- The lowest recorded value was 7.00 million in 2005.
- How does Nigeria rank for 05_official bilateral loans, other?
- Nigeria ranks 5th out of 105 countries with data for 2023.
- Is 05_official bilateral loans, other rising or falling in Nigeria?
- Over the last ten years it is up 1,326.5%. 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 05_Official bilateral loans, other. Statizoid updates them automatically from the source API.
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About this data
Other loans cover official loans other than export credits that do not qualify as ODA, either as they are not for developmental purposes or are insufficiently concessional. Those DAC Members that provide loans, and so hold official debt, notify data on outstanding amounts on these loans to OECD annually under the Creditor Reporting System.