Claims on private sector in Nigeria
Nigeria: Claims on private sector was 14.4% in 1991. ◆ Volatile
Claims on private sector 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 private sector in Nigeria is 14.4%, measured in 1991.
That represents a change of up 7.6% on the previous year and up 6.7% over ten years.
Over the whole period, claims on private sector in Nigeria peaked at 31.8% in 1986 and was at its lowest, -7.2%, in 1967.
That places Nigeria 20th out of 50 countries with data for 1991, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on private sector in Nigeria, year by year
| Year | annual growth as % of M2 | Change |
|---|---|---|
| 1966 | 9.9% | — |
| 1967 | -7.2% | -172.3% |
| 1968 | 0.4% | -105.8% |
| 1969 | 4.4% | +948.1% |
| 1970 | 19.0% | +333.1% |
| 1971 | 12.1% | -36.4% |
| 1972 | 11.4% | -6.0% |
| 1973 | 5.3% | -53.6% |
| 1974 | 13.2% | +149.9% |
| 1975 | 24.8% | +88.3% |
| 1976 | 15.3% | -38.3% |
| 1977 | 16.2% | +6.1% |
| 1978 | 11.2% | -31.0% |
| 1979 | 6.6% | -41.1% |
| 1980 | 17.1% | +160.3% |
| 1981 | 13.5% | -21.5% |
| 1982 | 10.1% | -25.3% |
| 1983 | 1.4% | -85.6% |
| 1984 | 2.8% | +94.8% |
| 1985 | 4.5% | +59.1% |
| 1986 | 31.8% | +608.9% |
| 1987 | 14.3% | -54.9% |
| 1988 | 18.9% | +31.9% |
| 1989 | 2.5% | -86.9% |
| 1990 | 13.4% | +437.1% |
| 1991 | 14.4% | +7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.9% | -7.2% | 9.9% | 4 |
| 1970s | 13.5% | 5.3% | 24.8% | 10 |
| 1980s | 11.7% | 1.4% | 31.8% | 10 |
| 1990s | 13.9% | 13.4% | 14.4% | 2 |
Countries ranked near Nigeria
- 17 Namibia 16.1%
- 18 Lesotho 15.8% compare
- 19 Ghana 14.9%
- 21 Rwanda 13.8% compare
- 22 Equatorial Guinea 12.9%
- 23 Mauritania 12.1% compare
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 private sector in Nigeria?
- Claims on private sector in Nigeria was 14.4% in 1991, according to International Monetary Fund, International Financial Statistics and data files.
- What is the highest claims on private sector recorded in Nigeria?
- The highest recorded value was 31.8% in 1986.
- What is the lowest claims on private sector recorded in Nigeria?
- The lowest recorded value was -7.2% in 1967.
- How does Nigeria rank for claims on private sector?
- Nigeria ranks 20th out of 50 countries with data for 1991.
- Is claims on private sector rising or falling in Nigeria?
- Over the last ten years it is up 6.7%. 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 private sector (annual growth as % of M2). Statizoid updates them automatically from the source API.
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About this data
Claims on private sector (IFS line 32d) include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere. 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.