Bank or similar financial institution account, young in Nigeria

Nigeria: Bank or similar financial institution account, young was 41.8% in 2024. ▲ Rising

Latest (2024)
41.8%
Change on year
up 21.4%
World rank
71st
of 106 countries
All-time high
41.8%
in 2024
All-time low
21.5%
in 2011
Years of data
5
2011–2024

Bank or similar financial institution account, young in Nigeria, 2011–2024

0102030402011201720242011: 21.5 % ages 15-242014: 35.7 % ages 15-242017: 32.1 % ages 15-242021: 34.5 % ages 15-242024: 41.8 % ages 15-24

Source: World Bank. Measured in % ages 15-24.

Analysis

In 2024, bank or similar financial institution account, young in Nigeria stood at 41.8%. That is the highest value across all 5 years on record.

The figure is up 21.4% on the previous year and up 17.0% over ten years.

Over the whole period, bank or similar financial institution account, young in Nigeria peaked at 41.8% in 2024 and was at its lowest, 21.5%, in 2011.

That places Nigeria 71st out of 106 countries with data for 2024, putting it in the middle of the range.

Bank or similar financial institution account, young in Nigeria, year by year

Annual values for Bank or similar financial institution account, young (% ages 15-24) in Nigeria, 2011 to 2024.
Year % ages 15-24 Change
2011 21.5%
2014 35.7% +66.5%
2017 32.1% -10.2%
2021 34.5% +7.4%
2024 41.8% +21.4%

Averages by decade

DecadeAverage LowestHighest Years
2010s 29.8% 21.5% 35.7% 3
2020s 38.2% 34.5% 41.8% 2

Countries ranked near Nigeria

  1. 68 Colombia 45.9% compare
  2. 69 Dominican Republic 45.2% compare
  3. 70 Mexico 43.4% compare
  4. 72 Kosovo 41.4% compare
  5. 72 Kosovo (UNSCR 1244) 41.4% compare
  6. 74 Kenya 40.6% compare

See the full ranking of 118 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is bank or similar financial institution account, young in Nigeria?
Bank or similar financial institution account, young in Nigeria was 41.8% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, young recorded in Nigeria?
The highest recorded value was 41.8% in 2024.
What is the lowest bank or similar financial institution account, young recorded in Nigeria?
The lowest recorded value was 21.5% in 2011.
How does Nigeria rank for bank or similar financial institution account, young?
Nigeria ranks 71st out of 106 countries with data for 2024.
Is bank or similar financial institution account, young rising or falling in Nigeria?
Over the last ten years it is up 17.0%. The long-run trend across the full record is rising.
Where does this Nigeria data come from?
The figures come from the World Bank, published as part of Bank or similar financial institution account, young (% ages 15-24). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, young in Nigeria. Statizoid. Retrieved 05 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-young-percent-ages-15-24/nigeria/

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About this data

Indicator
Bank or similar financial institution account, young (% ages 15-24)
Unit
% ages 15-24
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
118 places, 590 data points, 2011–2024
Last refreshed