Account ownership at a financial institution or with a in Nigeria
Nigeria: Account ownership at a financial institution or with a was 44.4% 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 15-24.
Analysis
Nigeria recorded 44.4% for account ownership at a financial institution or with a in 2024. That is the highest value across all 5 years on record.
The figure is up 27.4% on the previous year and up 24.3% over ten years.
Over the whole period, account ownership at a financial institution or with a in Nigeria peaked at 44.4% in 2024 and was at its lowest, 21.5%, in 2011.
Nigeria ranks 84th of 106 countries on this measure, in the bottom quarter.
Account ownership at a financial institution or with a in Nigeria, year by year
| Year | % of population ages 15-24 | Change |
|---|---|---|
| 2011 | 21.5% | — |
| 2014 | 35.7% | +66.5% |
| 2017 | 32.6% | -8.8% |
| 2021 | 34.9% | +7.0% |
| 2024 | 44.4% | +27.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 29.9% | 21.5% | 35.7% | 3 |
| 2020s | 39.7% | 34.9% | 44.4% | 2 |
Countries ranked near Nigeria
- 81 Dominican Republic 47.4% compare
- 82 Burkina Faso 47.3% compare
- 83 Mexico 44.7% compare
- 85 Benin 42.0% compare
- 86 Kosovo 41.4% compare
- 86 Kosovo (UNSCR 1244) 41.4% 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 44.4% 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 44.4% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Nigeria?
- The lowest recorded value was 21.5% in 2011.
- How does Nigeria rank for account ownership at a financial institution or with a?
- Nigeria ranks 84th 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 24.3%. 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, young adults (% of population ages 15-24). Statizoid updates them automatically from the source API.
Download this data
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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 (young adults, % of population ages 15-24).