Statizoid

Resolving insolvency: Cost in Nigeria

Nigeria: Resolving insolvency: Cost was 22.0% in 2019. ▬ Flat

Latest (2019)
22.0%
Change on year
unchanged
World rank
29th
of 167 countries
All-time high
22.0%
in 2003
All-time low
22.0%
in 2003
Years of data
17
2003–2019

Resolving insolvency: Cost in Nigeria, 2003–2019

051015202003201120192003: 22 % of estate2004: 22 % of estate2005: 22 % of estate2006: 22 % of estate2007: 22 % of estate2008: 22 % of estate2009: 22 % of estate2010: 22 % of estate2011: 22 % of estate2012: 22 % of estate2013: 22 % of estate2014: 22 % of estate2015: 22 % of estate2016: 22 % of estate2017: 22 % of estate2018: 22 % of estate2019: 22 % of estate

Source: World Bank. Measured in % of estate.

Analysis

In 2019, resolving insolvency: cost in Nigeria stood at 22.0%. That is the highest value across all 17 years on record.

Compared with earlier readings it is unchanged over ten years.

Over the whole period, resolving insolvency: cost in Nigeria peaked at 22.0% in 2003 and was at its lowest, 22.0%, in 2003.

That places Nigeria 29th out of 167 countries with data for 2019, putting it in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2000s 22.0% 22.0% 22.0% 7
2010s 22.0% 22.0% 22.0% 10

Countries ranked near Nigeria

  1. 27 Belize 22.5% compare
  2. 27 Palau, Republic of 22.5% compare
  3. 29 China (People’s Republic of) 22.0% compare
  4. 29 Egypt, Arab Republic of 22.0% compare
  5. 29 Ghana 22.0% compare
  6. 29 Italy 22.0% compare
  7. 29 Kenya 22.0% compare
  8. 29 Qatar 22.0% compare
  9. 29 Tanzania, United Republic of 22.0% compare
  10. 29 Tonga 22.0% compare
  11. 29 Zimbabwe 22.0% compare

See the full ranking of 167 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is resolving insolvency: cost in Nigeria?
Resolving insolvency: cost in Nigeria was 22.0% in 2019, according to the World Bank.
What is the highest resolving insolvency: cost recorded in Nigeria?
The highest recorded value was 22.0% in 2003.
What is the lowest resolving insolvency: cost recorded in Nigeria?
The lowest recorded value was 22.0% in 2003.
How does Nigeria rank for resolving insolvency: cost?
Nigeria ranks 29th out of 167 countries with data for 2019.
Is resolving insolvency: cost rising or falling in Nigeria?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this Nigeria data come from?
The figures come from the World Bank, published as part of Resolving insolvency: Cost (% of estate). Statizoid updates them automatically from the source API.

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Resolving insolvency: Cost in Nigeria. Statizoid. Retrieved 19 August 2026, from https://reference.statizoid.com/stat/resolving-insolvency-cost-percent-of-estate/nigeria/

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About this data

Indicator
Resolving insolvency: Cost (% of estate)
Unit
% of estate
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
167 places, 2,736 data points, 2003–2019
Last refreshed

The cost to resolve insolvency is the cost of the proceedings is recorded as a percentage of the value of the debtor’s estate, including court fees and government levies, fees of insolvency administrators, auctioneers, assessors and lawyers, and all other fees and costs.