Bank accounts per 1,000 adults in Nigeria
Nigeria: Bank accounts per 1,000 adults was 1,310 in 2020. ▲ Rising
Bank accounts per 1,000 adults in Nigeria, 2007–2020
Source: Financial Access Survey (FAS), International Monetary Fund (IMF).
Analysis
The most recent figure for bank accounts per 1,000 adults in Nigeria is 1,310, measured in 2020. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 16.2% on the previous year and up 177.2% over ten years.
Over the whole period, bank accounts per 1,000 adults in Nigeria peaked at 1,310 in 2020 and was at its lowest, 296.17, in 2007.
That places Nigeria 20th out of 103 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Bank accounts per 1,000 adults in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 296.17 | — |
| 2008 | 311.85 | +5.3% |
| 2009 | 464.48 | +48.9% |
| 2010 | 472.65 | +1.8% |
| 2011 | 504.61 | +6.8% |
| 2012 | 644.44 | +27.7% |
| 2013 | 650.69 | +1.0% |
| 2014 | 653.35 | +0.4% |
| 2015 | 667.47 | +2.2% |
| 2016 | 813.92 | +21.9% |
| 2017 | 923.23 | +13.4% |
| 2018 | 1,014 | +9.8% |
| 2019 | 1,128 | +11.2% |
| 2020 | 1,310 | +16.2% |
Nigeria compared with similar countries
- Nigeria's 1,310 is above the median for lower middle income countries, which is 408.53, 3.2× the median. (36 countries reporting)
- Nigeria's 1,310 is above the median for Sub-Saharan Africa, which is 194.06, 6.8× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 357.5 | 296.17 | 464.48 | 3 |
| 2010s | 747.17 | 472.65 | 1,128 | 10 |
| 2020s | 1,310 | 1,310 | 1,310 | 1 |
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 bank accounts per 1,000 adults in Nigeria?
- Bank accounts per 1,000 adults in Nigeria was 1,310 in 2020, according to Financial Access Survey (FAS), International Monetary Fund (IMF).
- What is the highest bank accounts per 1,000 adults recorded in Nigeria?
- The highest recorded value was 1,310 in 2020.
- What is the lowest bank accounts per 1,000 adults recorded in Nigeria?
- The lowest recorded value was 296.17 in 2007.
- How does Nigeria rank for bank accounts per 1,000 adults?
- Nigeria ranks 20th out of 103 countries with data for 2020.
- Is bank accounts per 1,000 adults rising or falling in Nigeria?
- Over the last ten years it is up 177.2%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Financial Access Survey (FAS), International Monetary Fund (IMF), published as part of Bank accounts per 1,000 adults. Statizoid updates them automatically from the source API.
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About this data
For each country calculated as: 1,000*reported number of depositors/adult population in the reporting country.