Account ownership at a financial institution or with a in Nigeria
Nigeria: Account ownership at a financial institution or with a was 73.7% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Nigeria, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 25+.
Analysis
Nigeria recorded 73.7% for account ownership at a financial institution or with a in 2024. That is the highest value across all 5 years on record.
That represents a change of up 45.1% on the previous year and up 50.7% over ten years.
Over the whole period, account ownership at a financial institution or with a in Nigeria peaked at 73.7% in 2024 and was at its lowest, 33.8%, in 2011.
That places Nigeria 63rd out of 106 countries with data for 2024, putting it in the middle of the range.
Account ownership at a financial institution or with a in Nigeria, year by year
| Year | % of population ages 25+ | Change |
|---|---|---|
| 2011 | 33.8% | — |
| 2014 | 48.9% | +44.6% |
| 2017 | 43.4% | -11.3% |
| 2021 | 50.8% | +17.1% |
| 2024 | 73.7% | +45.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 42.0% | 33.8% | 48.9% | 3 |
| 2020s | 62.2% | 50.8% | 73.7% | 2 |
Countries ranked near Nigeria
- 60 Russian Federation 78.0% compare
- 61 Uganda 76.9% compare
- 62 Uruguay 76.0% compare
- 64 Armenia 72.6% compare
- 65 Costa Rica 72.3% compare
- 66 Kosovo 72.0% compare
- 66 Kosovo (UNSCR 1244) 72.0% compare
More financial sector data for Nigeria
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.01 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.7387 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.01 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Nigeria?
- Account ownership at a financial institution or with a in Nigeria was 73.7% in 2024, according to Global Findex Database, World Bank (WB).
- What is the highest account ownership at a financial institution or with a recorded in Nigeria?
- The highest recorded value was 73.7% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Nigeria?
- The lowest recorded value was 33.8% in 2011.
- How does Nigeria rank for account ownership at a financial institution or with a?
- Nigeria ranks 63rd out of 106 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Nigeria?
- Over the last ten years it is up 50.7%. 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 (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, older adults (% of population ages 25+). Statizoid updates them automatically from the source API.
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About this data
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (older adults, % of population ages 25+).