Domestic Claims, Claims on State and Local Government or Official in Nigeria
Nigeria: Domestic Claims, Claims on State and Local Government or Official was 149.76 billion in 2008. ◆ Volatile
Domestic Claims, Claims on State and Local Government or Official in Nigeria, 1969–2008
Source: International Monetary Fund.
Analysis
In 2008, domestic claims, claims on state and local government or official in Nigeria stood at 149.76 billion. That is the highest value across all 40 years on record.
The figure is up 70.7% on the previous year and up 15,810.5% over ten years.
Over the whole period, domestic claims, claims on state and local government or official in Nigeria peaked at 149.76 billion in 2008 and was at its lowest, 1.30 million, in 1970.
That places Nigeria 9th out of 106 countries with data for 2008, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic Claims, Claims on State and Local Government or Official in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1969 | 2.40 million | — |
| 1970 | 1.30 million | -45.8% |
| 1971 | 2.90 million | +123.1% |
| 1972 | 7.90 million | +172.4% |
| 1973 | 13.30 million | +68.4% |
| 1974 | 24.80 million | +86.5% |
| 1975 | 32.00 million | +29.0% |
| 1976 | 44.90 million | +40.3% |
| 1977 | 59.50 million | +32.5% |
| 1978 | 110.20 million | +85.2% |
| 1979 | 144.40 million | +31.0% |
| 1980 | 131.80 million | -8.7% |
| 1981 | 258.70 million | +96.3% |
| 1982 | 382.30 million | +47.8% |
| 1983 | 517.40 million | +35.3% |
| 1984 | 518.10 million | +0.1% |
| 1985 | 470.00 million | -9.3% |
| 1986 | 474.30 million | +0.9% |
| 1987 | 500.70 million | +5.6% |
| 1988 | 544.40 million | +8.7% |
| 1989 | 754.60 million | +38.6% |
| 1990 | 1.09 billion | +45.0% |
| 1991 | 940.20 million | -14.1% |
| 1992 | 1.51 billion | +60.9% |
| 1993 | 1.54 billion | +2.0% |
| 1994 | 2.24 billion | +45.2% |
| 1995 | 2.93 billion | +30.9% |
| 1996 | 3.53 billion | +20.3% |
| 1997 | 1.48 billion | -58.0% |
| 1998 | 941.30 million | -36.5% |
| 1999 | 2.10 billion | +123.3% |
| 2000 | 7.56 billion | +259.9% |
| 2001 | 26.80 billion | +254.2% |
| 2002 | 17.33 billion | -35.3% |
| 2003 | 20.23 billion | +16.8% |
| 2004 | 24.63 billion | +21.7% |
| 2005 | 54.53 billion | +121.4% |
| 2006 | 62.20 billion | +14.1% |
| 2007 | 87.75 billion | +41.1% |
| 2008 | 149.76 billion | +70.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.40 million | 2.40 million | 2.40 million | 1 |
| 1970s | 44.12 million | 1.30 million | 144.40 million | 10 |
| 1980s | 455.23 million | 131.80 million | 754.60 million | 10 |
| 1990s | 1.83 billion | 940.20 million | 3.53 billion | 10 |
| 2000s | 50.09 billion | 7.56 billion | 149.76 billion | 9 |
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 domestic claims, claims on state and local government or official in Nigeria?
- Domestic claims, claims on state and local government or official in Nigeria was 149.76 billion in 2008, according to International Monetary Fund.
- What is the highest domestic claims, claims on state and local government or official recorded in Nigeria?
- The highest recorded value was 149.76 billion in 2008.
- What is the lowest domestic claims, claims on state and local government or official recorded in Nigeria?
- The lowest recorded value was 1.30 million in 1970.
- How does Nigeria rank for domestic claims, claims on state and local government or official?
- Nigeria ranks 9th out of 106 countries with data for 2008.
- Is domestic claims, claims on state and local government or official rising or falling in Nigeria?
- Over the last ten years it is up 15,810.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Domestic Claims, Claims on State and Local Government or Official Entities (Depository Corporations Survey, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Non-standard dataset provides discontinued, vintage country-reported financial data that are not harmonized and use country-specific terms.