Net domestic credit to government, flow (current LCU) in Nigeria
Nigeria: Net domestic credit to government, flow (current LCU) was 12.80 billion current LCU in 1991. ◆ Volatile
Net domestic credit to government, flow in Nigeria, 1966–1991
Source: International Monetary Fund, International Financial Statistics and data files. Measured in current LCU.
Analysis
Nigeria recorded 12.80 billion current LCU for net domestic credit to government, flow in 1991. That is the highest value across all 26 years on record.
That represents a change of up 325.6% on the previous year and up 343.5% over ten years.
Over the whole period, net domestic credit to government, flow in Nigeria peaked at 12.80 billion current LCU in 1991 and was at its lowest, -8.99 billion current LCU, in 1989.
Nigeria ranks 14th 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.
Net domestic credit to government, flow (current LCU) in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1966 | 45.80 million current LCU | — |
| 1967 | 59.40 million current LCU | +29.7% |
| 1968 | 135.70 million current LCU | +128.5% |
| 1969 | 179.70 million current LCU | +32.4% |
| 1970 | 164.20 million current LCU | -8.6% |
| 1971 | -131.90 million current LCU | -180.3% |
| 1972 | -9.40 million current LCU | -92.9% |
| 1973 | -105.50 million current LCU | +1022.3% |
| 1974 | -1.84 billion current LCU | +1647.5% |
| 1975 | 681.80 million current LCU | -137.0% |
| 1976 | 1.27 billion current LCU | +86.7% |
| 1977 | 1.99 billion current LCU | +56.1% |
| 1978 | 735.80 million current LCU | -63.0% |
| 1979 | 204.10 million current LCU | -72.3% |
| 1980 | 213.70 million current LCU | +4.7% |
| 1981 | 2.89 billion current LCU | +1250.6% |
| 1982 | 4.15 billion current LCU | +43.9% |
| 1983 | 5.28 billion current LCU | +27.2% |
| 1984 | 2.35 billion current LCU | -55.5% |
| 1985 | 425.30 million current LCU | -81.9% |
| 1986 | -699.70 million current LCU | -264.5% |
| 1987 | 4.35 billion current LCU | -721.4% |
| 1988 | 5.71 billion current LCU | +31.4% |
| 1989 | -8.99 billion current LCU | -257.4% |
| 1990 | 3.01 billion current LCU | -133.4% |
| 1991 | 12.80 billion current LCU | +325.6% |
Nigeria compared with similar countries
- Nigeria's 12.80 billion current LCU is above the median for Sub-Saharan Africa, which is 266.53 million current LCU, 48.0× the median. (45 countries reporting)
- Nigeria's 12.80 billion current LCU is above the median for lower middle income countries, which is -89.00 million current LCU. (23 countries reporting)
Biggest year-on-year movements
Years where Net domestic credit to government, flow (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 | -1647.5% | -105.50 million current LCU | -1.84 billion current LCU |
| 1981 | +1250.6% | 213.70 million current LCU | 2.89 billion current LCU |
| 1973 | -1022.3% | -9.40 million current LCU | -105.50 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 105.15 million current LCU | 45.80 million current LCU | 179.70 million current LCU | 4 |
| 1970s | 295.46 million current LCU | -1.84 billion current LCU | 1.99 billion current LCU | 10 |
| 1980s | 1.57 billion current LCU | -8.99 billion current LCU | 5.71 billion current LCU | 10 |
| 1990s | 7.91 billion current LCU | 3.01 billion current LCU | 12.80 billion current LCU | 2 |
Countries ranked near Nigeria
- 11 Egypt 26.78 billion current LCU
- 12 Mali 24.60 billion current LCU compare
- 13 Niger 19.28 billion current LCU compare
- 15 Togo 12.78 billion current LCU compare
- 16 Sao Tome and Principe 6.27 billion current LCU
- 17 Central African Republic 5.39 billion current LCU 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 net domestic credit to government, flow in Nigeria?
- Net domestic credit to government, flow in Nigeria was 12.80 billion current LCU in 1991, according to International Monetary Fund, International Financial Statistics and data files.
- What is the highest net domestic credit to government, flow recorded in Nigeria?
- The highest recorded value was 12.80 billion current LCU in 1991.
- What is the lowest net domestic credit to government, flow recorded in Nigeria?
- The lowest recorded value was -8.99 billion current LCU in 1989.
- How does Nigeria rank for net domestic credit to government, flow?
- Nigeria ranks 14th out of 49 countries with data for 1991.
- Is net domestic credit to government, flow rising or falling in Nigeria?
- Over the last ten years it is up 343.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, International Financial Statistics and data files, published as part of Net domestic credit to government, flow (current LCU). Statizoid updates them automatically from the source API.
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About this data
Change in domestic credit to government includes changes in net claims on central government, and changes in claims on state and local government as well as on non-financial public corporations. Data; Annual flow, local currencies.