Lending Rate, Percent per annum in Nigeria
Nigeria: Lending Rate, Percent per annum was 18.45 in 2025. ▲ Rising
Latest (2025)
18.45
Change on year
up 13.3%
World rank
18th
of 144 countries
All-time high
31.65
in 1993
All-time low
6
in 1977
Years of data
56
1970–2025
Lending Rate, Percent per annum in Nigeria, 1970–2025
Source: International Monetary Fund.
Analysis
Nigeria recorded 18.45 for lending rate, percent per annum in 2025.
The figure is up 13.3% on the previous year and up 9.5% over ten years.
Over the whole period, lending rate, percent per annum in Nigeria peaked at 31.65 in 1993 and was at its lowest, 6, in 1977.
That places Nigeria 18th out of 144 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Lending Rate, Percent per annum in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 7 | — |
| 1971 | 7 | +0.0% |
| 1972 | 7 | +0.0% |
| 1973 | 7 | +0.0% |
| 1974 | 7 | +0.0% |
| 1975 | 6.25 | -10.7% |
| 1976 | 6.5 | +4.0% |
| 1977 | 6 | -7.7% |
| 1978 | 6.75 | +12.5% |
| 1979 | 8.15 | +20.7% |
| 1980 | 8.43 | +3.5% |
| 1981 | 8.92 | +5.8% |
| 1982 | 9.54 | +7.0% |
| 1983 | 9.98 | +4.6% |
| 1984 | 10.24 | +2.7% |
| 1985 | 9.43 | -7.9% |
| 1986 | 9.96 | +5.6% |
| 1987 | 13.96 | +40.2% |
| 1988 | 16.62 | +19.0% |
| 1989 | 20.44 | +23.0% |
| 1990 | 25.3 | +23.8% |
| 1991 | 20.04 | -20.8% |
| 1992 | 24.76 | +23.5% |
| 1993 | 31.65 | +27.8% |
| 1994 | 20.48 | -35.3% |
| 1995 | 20.23 | -1.2% |
| 1996 | 19.84 | -2.0% |
| 1997 | 17.8 | -10.3% |
| 1998 | 18.18 | +2.2% |
| 1999 | 20.29 | +11.6% |
| 2000 | 21.27 | +4.9% |
| 2001 | 23.44 | +10.2% |
| 2002 | 24.77 | +5.7% |
| 2003 | 20.71 | -16.4% |
| 2004 | 19.18 | -7.4% |
| 2005 | 17.95 | -6.4% |
| 2006 | 16.89 | -5.9% |
| 2007 | 16.94 | +0.3% |
| 2008 | 15.14 | -10.6% |
| 2009 | 18.99 | +25.5% |
| 2010 | 17.59 | -7.4% |
| 2011 | 16.02 | -8.9% |
| 2012 | 16.79 | +4.8% |
| 2013 | 16.72 | -0.4% |
| 2014 | 16.55 | -1.0% |
| 2015 | 16.85 | +1.8% |
| 2016 | 16.87 | +0.1% |
| 2017 | 17.55 | +4.1% |
| 2018 | 16.9 | -3.7% |
| 2019 | 15.38 | -9.0% |
| 2020 | 13.64 | -11.3% |
| 2021 | 11.48 | -15.8% |
| 2022 | 12.33 | +7.4% |
| 2023 | 14.01 | +13.6% |
| 2024 | 16.29 | +16.3% |
| 2025 | 18.45 | +13.3% |
Nigeria compared with similar countries
- Nigeria's 18.45 is above the median for lower middle income countries, which is 11.63, 1.6× the median. (38 countries reporting)
- Nigeria's 18.45 is above the median for Sub-Saharan Africa, which is 14.29, 1.3× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.87 | 6 | 8.15 | 10 |
| 1980s | 11.75 | 8.43 | 20.44 | 10 |
| 1990s | 21.86 | 17.8 | 31.65 | 10 |
| 2000s | 19.53 | 15.14 | 24.77 | 10 |
| 2010s | 16.72 | 15.38 | 17.59 | 10 |
| 2020s | 14.37 | 11.48 | 18.45 | 6 |
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 lending rate, percent per annum in Nigeria?
- Lending rate, percent per annum in Nigeria was 18.45 in 2025, according to International Monetary Fund.
- What is the highest lending rate, percent per annum recorded in Nigeria?
- The highest recorded value was 31.65 in 1993.
- What is the lowest lending rate, percent per annum recorded in Nigeria?
- The lowest recorded value was 6 in 1977.
- How does Nigeria rank for lending rate, percent per annum?
- Nigeria ranks 18th out of 144 countries with data for 2025.
- Is lending rate, percent per annum rising or falling in Nigeria?
- Over the last ten years it is up 9.5%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Lending Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.