Account ownership at a financial institution or with a in Nigeria
Nigeria: Account ownership at a financial institution or with a was 42.2% 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 15+.
Analysis
The most recent figure for account ownership at a financial institution or with a in Nigeria is 42.2%, measured in 2024. That is the highest value across all 5 years on record.
The figure is up 63.5% on the previous year and up 50.3% over ten years.
Over the whole period, account ownership at a financial institution or with a in Nigeria peaked at 42.2% in 2024 and was at its lowest, 12.2%, in 2011.
That places Nigeria 78th out of 105 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 15+ | Change |
|---|---|---|
| 2011 | 12.2% | — |
| 2014 | 28.1% | +130.0% |
| 2017 | 16.1% | -42.8% |
| 2021 | 25.8% | +60.7% |
| 2024 | 42.2% | +63.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 18.8% | 12.2% | 28.1% | 3 |
| 2020s | 34.0% | 25.8% | 42.2% | 2 |
Countries ranked near Nigeria
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 42.2% 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 42.2% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Nigeria?
- The lowest recorded value was 12.2% in 2011.
- How does Nigeria rank for account ownership at a financial institution or with a?
- Nigeria ranks 78th out of 105 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 50.3%. 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 (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, primary education or less (% of population ages 15+). 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 (primary education or less, % of population ages 15+).