Claims on governments, etc. in Nigeria
Nigeria: Claims on governments, etc. was 22.2% in 1991. ◆ Volatile
Claims on governments, etc. in Nigeria, 1966–1991
Source: International Monetary Fund, International Financial Statistics and data files. Measured in annual growth as % of M2.
Analysis
The most recent figure for claims on governments, etc. in Nigeria is 22.2%, measured in 1991.
The figure is up 220.7% on the previous year and up 10.9% over ten years.
Over the whole period, claims on governments, etc. in Nigeria peaked at 34.8% in 1977 and was at its lowest, -134.6%, in 1974.
Nigeria ranks 5th of 47 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 governments, etc. in Nigeria, year by year
| Year | annual growth as % of M2 | Change |
|---|---|---|
| 1966 | 9.8% | — |
| 1967 | 11.4% | +16.9% |
| 1968 | 29.9% | +161.6% |
| 1969 | 34.4% | +15.2% |
| 1970 | 24.8% | -28.0% |
| 1971 | -13.5% | -154.4% |
| 1972 | -0.9% | -93.3% |
| 1973 | -8.8% | +871.1% |
| 1974 | -134.6% | +1435.9% |
| 1975 | 26.3% | -119.5% |
| 1976 | 31.5% | +19.9% |
| 1977 | 34.8% | +10.4% |
| 1978 | 9.6% | -72.5% |
| 1979 | 2.7% | -71.7% |
| 1980 | 2.2% | -20.0% |
| 1981 | 20.1% | +824.4% |
| 1982 | 27.3% | +35.9% |
| 1983 | 31.6% | +16.1% |
| 1984 | 12.3% | -61.0% |
| 1985 | 2.0% | -83.8% |
| 1986 | -3.0% | -250.9% |
| 1987 | 18.4% | -709.5% |
| 1988 | 19.8% | +7.3% |
| 1989 | -23.4% | -218.5% |
| 1990 | 6.9% | -129.6% |
| 1991 | 22.2% | +220.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 21.4% | 9.8% | 34.4% | 4 |
| 1970s | -2.8% | -134.6% | 34.8% | 10 |
| 1980s | 10.7% | -23.4% | 31.6% | 10 |
| 1990s | 14.6% | 6.9% | 22.2% | 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 governments, etc. in Nigeria?
- Claims on governments, etc. in Nigeria was 22.2% in 1991, according to International Monetary Fund, International Financial Statistics and data files.
- What is the highest claims on governments, etc. recorded in Nigeria?
- The highest recorded value was 34.8% in 1977.
- What is the lowest claims on governments, etc. recorded in Nigeria?
- The lowest recorded value was -134.6% in 1974.
- How does Nigeria rank for claims on governments, etc.?
- Nigeria ranks 5th out of 47 countries with data for 1991.
- Is claims on governments, etc. rising or falling in Nigeria?
- Over the last ten years it is up 10.9%. 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 governments, etc. (annual growth as % of M2). Statizoid updates them automatically from the source API.
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About this data
Claims on governments and other public entities (IFS line 32an + 32b + 32bx + 32c) usually comprise direct credit for specific purposes such as financing of the government budget deficit or loans to state enterprises, advances against future credit authorizations, and purchases of treasury bills and bonds, net of deposits by the public sector. Public sector deposits with the banking system also include sinking funds for the service of debt and temporary deposits of government revenues. Money and quasi money (M2) comprise the sum of currency outside banks, demand deposits other than those of the central government, and the time, savings, and foreign currency deposits of resident sectors other than the central government.