Claims on central government in Nigeria
Nigeria: Claims on central government was 22.2% in 2022. ◆ Volatile
Claims on central government in Nigeria, 1961–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual growth as % of broad money.
Analysis
In 2022, claims on central government in Nigeria stood at 22.2%.
That represents a change of up 271.8% on the previous year and up 25,673.0% over ten years.
Over the whole period, claims on central government in Nigeria peaked at 74.2% in 1992 and was at its lowest, -135.4%, in 1974.
Nigeria ranks 9th of 167 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on central government in Nigeria, year by year
| Year | annual growth as % of broad money | Change |
|---|---|---|
| 1961 | 16.2% | — |
| 1962 | 4.9% | -70.0% |
| 1963 | 7.4% | +52.5% |
| 1964 | 16.2% | +118.7% |
| 1965 | -0.7% | -104.6% |
| 1966 | 9.8% | -1416.1% |
| 1967 | 11.4% | +16.9% |
| 1968 | 29.9% | +161.6% |
| 1969 | 34.0% | +13.6% |
| 1970 | 24.9% | -26.5% |
| 1971 | -13.6% | -154.6% |
| 1972 | -1.4% | -89.9% |
| 1973 | -9.2% | +566.3% |
| 1974 | -135.4% | +1370.2% |
| 1975 | 26.0% | -119.2% |
| 1976 | 31.2% | +20.0% |
| 1977 | 34.5% | +10.7% |
| 1978 | 8.9% | -74.2% |
| 1979 | 2.3% | -74.7% |
| 1980 | 2.3% | +1.7% |
| 1981 | 19.2% | +734.6% |
| 1982 | 26.4% | +37.9% |
| 1983 | 30.8% | +16.6% |
| 1984 | 12.3% | -60.0% |
| 1985 | 2.2% | -81.9% |
| 1986 | 2.3% | +2.7% |
| 1987 | 9.9% | +331.1% |
| 1988 | 21.9% | +122.0% |
| 1989 | -19.2% | -187.7% |
| 1990 | 25.5% | -232.8% |
| 1991 | 2.2% | -91.2% |
| 1992 | 74.2% | +3212.4% |
| 1993 | 72.9% | -1.8% |
| 1994 | 51.9% | -28.8% |
| 1995 | -9.4% | -118.1% |
| 1996 | -47.9% | +408.7% |
| 1997 | -17.3% | -63.8% |
| 1998 | 21.8% | -225.8% |
| 1999 | 7.0% | -67.8% |
| 2000 | -43.0% | -712.5% |
| 2001 | 12.2% | -128.3% |
| 2002 | 28.3% | +132.6% |
| 2003 | 10.0% | -64.6% |
| 2004 | -45.3% | -553.2% |
| 2005 | -26.5% | -41.5% |
| 2006 | -37.3% | +40.7% |
| 2007 | 0.3% | -100.8% |
| 2008 | -17.9% | -6064.2% |
| 2009 | 12.3% | -168.4% |
| 2010 | 19.7% | +60.9% |
| 2011 | 3.8% | -80.5% |
| 2012 | 0.1% | -97.8% |
| 2013 | 6.0% | +6819.6% |
| 2014 | -6.2% | -204.6% |
| 2015 | 9.5% | -252.4% |
| 2016 | 9.3% | -2.0% |
| 2017 | -2.8% | -130.2% |
| 2018 | 4.2% | -250.2% |
| 2019 | 15.8% | +274.3% |
| 2020 | 4.0% | -74.7% |
| 2021 | 6.0% | +49.3% |
| 2022 | 22.2% | +271.8% |
Nigeria compared with similar countries
- Nigeria's 22.2% is above the median for lower middle income countries, which is 2.9%, 7.5× the median. (46 countries reporting)
- Nigeria's 22.2% is above the median for Sub-Saharan Africa, which is 4.7%, 4.7× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Claims on central government in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | +6819.6% | 0.1% | 6.0% |
| 2008 | -6064.2% | 0.3% | -17.9% |
| 1992 | +3212.4% | 2.2% | 74.2% |
| 1966 | +1416.1% | -0.7% | 9.8% |
| 1974 | -1370.2% | -9.2% | -135.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 14.3% | -0.7% | 34.0% | 9 |
| 1970s | -3.2% | -135.4% | 34.5% | 10 |
| 1980s | 10.8% | -19.2% | 30.8% | 10 |
| 1990s | 18.1% | -47.9% | 74.2% | 10 |
| 2000s | -10.7% | -45.3% | 28.3% | 10 |
| 2010s | 5.9% | -6.2% | 19.7% | 10 |
| 2020s | 10.7% | 4.0% | 22.2% | 3 |
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 claims on central government in Nigeria?
- Claims on central government in Nigeria was 22.2% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on central government recorded in Nigeria?
- The highest recorded value was 74.2% in 1992.
- What is the lowest claims on central government recorded in Nigeria?
- The lowest recorded value was -135.4% in 1974.
- How does Nigeria rank for claims on central government?
- Nigeria ranks 9th out of 167 countries with data for 2022.
- Is claims on central government rising or falling in Nigeria?
- Over the last ten years it is up 25,673.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Claims on central government (annual growth as % of broad money). Statizoid updates them automatically from the source API.
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About this data
Claims on central government include loans to central government institutions net of deposits. Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator represents the annual percentage growth in the ratio of claims to broad money.