Claims on central government (current LCU) in Nigeria
Nigeria: Claims on central government (current LCU) was 33.87 billion current LCU in 1991. ◆ Volatile
Claims on central government in Nigeria, 1965–1991
Source: International Monetary Fund, International Financial Statistics and data files. Measured in current LCU.
Analysis
Nigeria recorded 33.87 billion current LCU for claims on central government in 1991. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 61.0% on the previous year and up 416.6% over ten years.
Over the whole period, claims on central government in Nigeria peaked at 33.87 billion current LCU in 1991 and was at its lowest, -1.42 billion current LCU, in 1974.
Nigeria ranks 18th of 49 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.
Claims on central government (current LCU) in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1965 | 82.20 million current LCU | — |
| 1966 | 128.00 million current LCU | +55.7% |
| 1967 | 187.40 million current LCU | +46.4% |
| 1968 | 323.10 million current LCU | +72.4% |
| 1969 | 502.80 million current LCU | +55.6% |
| 1970 | 667.00 million current LCU | +32.7% |
| 1971 | 535.10 million current LCU | -19.8% |
| 1972 | 525.70 million current LCU | -1.8% |
| 1973 | 420.20 million current LCU | -20.1% |
| 1974 | -1.42 billion current LCU | -438.7% |
| 1975 | -741.60 million current LCU | -47.9% |
| 1976 | 531.00 million current LCU | -171.6% |
| 1977 | 2.52 billion current LCU | +374.1% |
| 1978 | 3.25 billion current LCU | +29.2% |
| 1979 | 3.46 billion current LCU | +6.3% |
| 1980 | 3.67 billion current LCU | +6.2% |
| 1981 | 6.56 billion current LCU | +78.6% |
| 1982 | 10.71 billion current LCU | +63.3% |
| 1983 | 15.99 billion current LCU | +49.3% |
| 1984 | 18.34 billion current LCU | +14.7% |
| 1985 | 18.77 billion current LCU | +2.3% |
| 1986 | 19.06 billion current LCU | +1.6% |
| 1987 | 21.42 billion current LCU | +12.4% |
| 1988 | 27.55 billion current LCU | +28.6% |
| 1989 | 18.28 billion current LCU | -33.7% |
| 1990 | 21.04 billion current LCU | +15.1% |
| 1991 | 33.87 billion current LCU | +61.0% |
Nigeria compared with similar countries
- Nigeria's 33.87 billion current LCU is above the median for Sub-Saharan Africa, which is 6.85 billion current LCU, 4.9× the median. (45 countries reporting)
- Nigeria's 33.87 billion current LCU is above the median for lower middle income countries, which is 9.94 billion current LCU, 3.4× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Claims on central government (current LCU) 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 |
|---|---|---|---|
| 1974 | -438.7% | 420.20 million current LCU | -1.42 billion current LCU |
| 1977 | +374.1% | 531.00 million current LCU | 2.52 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 244.70 million current LCU | 82.20 million current LCU | 502.80 million current LCU | 5 |
| 1970s | 974.22 million current LCU | -1.42 billion current LCU | 3.46 billion current LCU | 10 |
| 1980s | 16.04 billion current LCU | 3.67 billion current LCU | 27.55 billion current LCU | 10 |
| 1990s | 27.46 billion current LCU | 21.04 billion current LCU | 33.87 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 claims on central government in Nigeria?
- Claims on central government in Nigeria was 33.87 billion current LCU in 1991, according to International Monetary Fund, International Financial Statistics and data files.
- What is the highest claims on central government recorded in Nigeria?
- The highest recorded value was 33.87 billion current LCU in 1991.
- What is the lowest claims on central government recorded in Nigeria?
- The lowest recorded value was -1.42 billion current LCU in 1974.
- How does Nigeria rank for claims on central government?
- Nigeria ranks 18th out of 49 countries with data for 1991.
- Is claims on central government rising or falling in Nigeria?
- Over the last ten years it is up 416.6%. 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 Claims on central government (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
Claims on the central government, net is defined as the central governments direct financial obligations to the country’s financial institutions less any claims the central government has on those institutions.