Banking survey: claims on private sector (current LCU) in Nigeria
Nigeria: Banking survey: claims on private sector (current LCU) was 42.56 billion current LCU in 1991. ◆ Volatile
Banking survey: claims on private sector in Nigeria, 1965–1991
Source: International Monetary Fund, International Financial Statistics and data files. Measured in current LCU.
Analysis
Nigeria recorded 42.56 billion current LCU for banking survey: claims on private sector in 1991. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 24.1% on the previous year and up 426.6% over ten years.
Over the whole period, banking survey: claims on private sector in Nigeria peaked at 42.56 billion current LCU in 1991 and was at its lowest, 281.10 million current LCU, in 1965.
Nigeria ranks 37th of 50 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Banking survey: claims on private sector (current LCU) in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1965 | 281.10 million current LCU | — |
| 1966 | 327.60 million current LCU | +16.5% |
| 1967 | 290.30 million current LCU | -11.4% |
| 1968 | 292.20 million current LCU | +0.7% |
| 1969 | 315.10 million current LCU | +7.8% |
| 1970 | 441.00 million current LCU | +40.0% |
| 1971 | 559.30 million current LCU | +26.8% |
| 1972 | 677.60 million current LCU | +21.2% |
| 1973 | 741.00 million current LCU | +9.4% |
| 1974 | 921.30 million current LCU | +24.3% |
| 1975 | 1.56 billion current LCU | +69.7% |
| 1976 | 2.18 billion current LCU | +39.4% |
| 1977 | 3.10 billion current LCU | +42.4% |
| 1978 | 3.96 billion current LCU | +27.6% |
| 1979 | 4.46 billion current LCU | +12.5% |
| 1980 | 6.15 billion current LCU | +37.9% |
| 1981 | 8.08 billion current LCU | +31.5% |
| 1982 | 9.61 billion current LCU | +19.0% |
| 1983 | 9.86 billion current LCU | +2.5% |
| 1984 | 10.39 billion current LCU | +5.4% |
| 1985 | 11.34 billion current LCU | +9.2% |
| 1986 | 18.70 billion current LCU | +64.8% |
| 1987 | 22.08 billion current LCU | +18.1% |
| 1988 | 27.55 billion current LCU | +24.7% |
| 1989 | 28.50 billion current LCU | +3.5% |
| 1990 | 34.29 billion current LCU | +20.3% |
| 1991 | 42.56 billion current LCU | +24.1% |
Nigeria compared with similar countries
- Nigeria's 42.56 billion current LCU is below the median for Sub-Saharan Africa, which is 163.45 billion current LCU, 26% of the median. (46 countries reporting)
- Nigeria's 42.56 billion current LCU is below the median for lower middle income countries, which is 316.10 billion current LCU, 13% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 301.26 million current LCU | 281.10 million current LCU | 327.60 million current LCU | 5 |
| 1970s | 1.86 billion current LCU | 441.00 million current LCU | 4.46 billion current LCU | 10 |
| 1980s | 15.23 billion current LCU | 6.15 billion current LCU | 28.50 billion current LCU | 10 |
| 1990s | 38.43 billion current LCU | 34.29 billion current LCU | 42.56 billion current LCU | 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 banking survey: claims on private sector in Nigeria?
- Banking survey: claims on private sector in Nigeria was 42.56 billion current LCU in 1991, according to International Monetary Fund, International Financial Statistics and data files.
- What is the highest banking survey: claims on private sector recorded in Nigeria?
- The highest recorded value was 42.56 billion current LCU in 1991.
- What is the lowest banking survey: claims on private sector recorded in Nigeria?
- The lowest recorded value was 281.10 million current LCU in 1965.
- How does Nigeria rank for banking survey: claims on private sector?
- Nigeria ranks 37th out of 50 countries with data for 1991.
- Is banking survey: claims on private sector rising or falling in Nigeria?
- Over the last ten years it is up 426.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, International Financial Statistics and data files, published as part of Banking survey: claims on private sector (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.