Share of adults with an account at a financial institution in Nigeria

Nigeria: Share of adults with an account at a financial institution was 63.3% in 2024. ▲ Rising

Latest (2024)
63.3%
Change on year
up 39.6%
World rank
73rd
of 115 countries
All-time high
63.3%
in 2024
All-time low
29.7%
in 2011
Years of data
5
2011–2024

Share of adults with an account at a financial institution in Nigeria, 2011–2024

02040602011201720242011: 29.7 % age 15+2014: 44.4 % age 15+2017: 39.7 % age 15+2021: 45.3 % age 15+2024: 63.3 % age 15+

Source: Global Findex Database - World Bank (2026) – processed by Our World in Data. Measured in % age 15+.

Analysis

In 2024, share of adults with an account at a financial institution in Nigeria stood at 63.3%. That is the highest value across all 5 years on record.

The figure is up 39.6% on the previous year and up 42.3% over ten years.

Over the whole period, share of adults with an account at a financial institution in Nigeria peaked at 63.3% in 2024 and was at its lowest, 29.7%, in 2011.

Nigeria ranks 73rd of 115 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 37.9% 29.7% 44.4% 3
2020s 54.3% 45.3% 63.3% 2

Countries ranked near Nigeria

  1. 70 Dominican Republic 64.8% compare
  2. 71 Ecuador 64.5% compare
  3. 72 Panama 64.1% compare
  4. 74 Botswana 61.4% compare
  5. 75 Cameroon 60.9% compare
  6. 76 Nepal 60.0% compare

See the full ranking of 115 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is share of adults with an account at a financial institution in Nigeria?
Share of adults with an account at a financial institution in Nigeria was 63.3% in 2024, according to Global Findex Database - World Bank (2026) – processed by Our World in Data.
What is the highest share of adults with an account at a financial institution recorded in Nigeria?
The highest recorded value was 63.3% in 2024.
What is the lowest share of adults with an account at a financial institution recorded in Nigeria?
The lowest recorded value was 29.7% in 2011.
How does Nigeria rank for share of adults with an account at a financial institution?
Nigeria ranks 73rd out of 115 countries with data for 2024.
Is share of adults with an account at a financial institution rising or falling in Nigeria?
Over the last ten years it is up 42.3%. The long-run trend across the full record is rising.
Where does this Nigeria data come from?
The figures come from Global Findex Database - World Bank (2026) – processed by Our World in Data, published as part of Share of adults with an account at a financial institution. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Share of adults with an account at a financial institution
Unit
% age 15+
Source
Global Findex Database - World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
115 places, 575 data points, 2011–2024
Last refreshed

The share of respondents aged 15 and older, who report having an account (by themselves or with someone else) at a bank or another type of financial institution.