Nigeria: Bank credit to government
* indicates monthly or quarterly data series
| Nigeria |
Bank credit to government and public enterprises, percent of GDP |
|---|---|
| Latest value | 4.24 |
| Year | 2020 |
| Measure | percent |
| Data availability | 1980 - 2020 |
| Average | 3.87 |
| Min - Max | 0.89 - 8.73 |
| Source | The International Monetary Fund |
The latest value from 2020 is 4.24 percent, a decline from 4.72 percent in 2019. In comparison, the world average is 14.91 percent, based on data from 147 countries. Historically, the average for Nigeria from 1980 to 2020 is 3.87 percent. The minimum value, 0.89 percent, was reached in 1995 while the maximum of 8.73 percent was recorded in 2012.
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Definition: Bank credit is the amount of credit available to the government sector. It consists of the total amount of combined funds that are provided to the government by the bank sector.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| ATMs per 100,000 adults | 16.15 | 2021 | ATMs per 100,000 adults |
| Bank accounts per 1000 adults | 1,310.39 | 2020 | bank accounts |
| Bank branches per 100,000 people | 4.45 | 2020 | bank branches |
| Firms using credit to finance investment | 6.90 | 2014 | percent |
| Small firms with bank credit | 12.00 | 2014 | percent |
| Percent people with credit cards | 1.61 | 2021 | percent |
| Percent people with debit cards | 35.33 | 2021 | percent |
| Domestic credit to the private sector | 12.13 | 2020 | percent |
| Bank credit to the private sector | 17.59 | 2023 | percent |
| Liquid liabilities, percent of GDP | 24.89 | 2021 | percent |
| Bank assets to GDP | 16.40 | 2021 | percent |
| Financial system deposits, percent of GDP | 21.83 | 2021 | percent |
| Bank credit to government | 4.24 | 2020 | percent |
| Banking system concentration | 59.32 | 2021 | percent |
| Foreign bank assets | 19.00 | 2013 | percent of total bank assets |
| Percent people with bank accounts | 45.14 | 2021 | percent |