Account ownership at a financial institution or with a in Nigeria
Nigeria: Account ownership at a financial institution or with a was 79.7% 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 15+.
Analysis
The most recent figure for account ownership at a financial institution or with a in Nigeria is 79.7%, measured in 2024. That is the highest value across all 5 years on record.
That represents a change of up 22.2% on the previous year and up 42.2% over ten years.
Over the whole period, account ownership at a financial institution or with a in Nigeria peaked at 79.7% in 2024 and was at its lowest, 44.1%, in 2011.
Nigeria ranks 64th of 105 countries on this measure, 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 | 44.1% | — |
| 2014 | 56.0% | +26.9% |
| 2017 | 59.3% | +5.8% |
| 2021 | 65.2% | +10.0% |
| 2024 | 79.7% | +22.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 53.2% | 44.1% | 59.3% | 3 |
| 2020s | 72.4% | 65.2% | 79.7% | 2 |
Countries ranked near Nigeria
- 61 Costa Rica 81.1% compare
- 62 Romania 80.3% compare
- 63 Uganda 80.2% compare
- 65 Saudi Arabia 79.3% compare
- 66 Gabon 78.2% compare
- 67 Tanzania, United Republic of 78.1% 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 79.7% 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 79.7% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Nigeria?
- The lowest recorded value was 44.1% in 2011.
- How does Nigeria rank for account ownership at a financial institution or with a?
- Nigeria ranks 64th 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 42.2%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Global Findex Database, World Bank (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, secondary education or more (% 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 (secondary education or more, % of population ages 15+).