Bank or similar financial institution account in Nigeria
Nigeria: Bank or similar financial institution account was 59.7% in 2024. ▲ Rising
Bank or similar financial institution account in Nigeria, 2011–2024
Source: Global Findex Database. Measured in % age 15+.
Analysis
In 2024, bank or similar financial institution account in Nigeria stood at 59.7%. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 32.3% on the previous year and up 35.2% over ten years.
Over the whole period, bank or similar financial institution account in Nigeria peaked at 59.7% in 2024 and was at its lowest, 29.7%, in 2011.
That places Nigeria 67th out of 115 countries with data for 2024, putting it in the middle of the range.
Bank or similar financial institution account in Nigeria, year by year
| Year | % age 15+ | Change |
|---|---|---|
| 2011 | 29.7% | — |
| 2014 | 44.2% | +48.9% |
| 2017 | 39.4% | -10.8% |
| 2021 | 45.1% | +14.6% |
| 2024 | 59.7% | +32.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 37.7% | 29.7% | 44.2% | 3 |
| 2020s | 52.4% | 45.1% | 59.7% | 2 |
Countries ranked near Nigeria
- 64 Ecuador 63.9% compare
- 65 Dominican Republic 63.3% compare
- 66 Panama 60.9% compare
- 68 Uzbekistan 59.7% compare
- 69 Nepal 57.5% compare
- 70 Azerbaijan 56.3% compare
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 bank or similar financial institution account in Nigeria?
- Bank or similar financial institution account in Nigeria was 59.7% in 2024, according to Global Findex Database.
- What is the highest bank or similar financial institution account recorded in Nigeria?
- The highest recorded value was 59.7% in 2024.
- What is the lowest bank or similar financial institution account recorded in Nigeria?
- The lowest recorded value was 29.7% in 2011.
- How does Nigeria rank for bank or similar financial institution account?
- Nigeria ranks 67th out of 115 countries with data for 2024.
- Is bank or similar financial institution account rising or falling in Nigeria?
- Over the last ten years it is up 35.2%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Global Findex Database, published as part of Bank or similar financial institution account (% age 15+). Statizoid updates them automatically from the source API.
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About this data
The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another similar financial institution, (% age 15+)