Nigeria: Firms using credit to finance investment

* indicates monthly or quarterly data series
 Nigeria

Firms using bank credit to finance investment, percent of all firms

 Latest value 6.9
 Year 2014
 Measure percent
 Data availability 2007 - 2014
 Average 4.8
 Min - Max 2.7 - 6.9
 Source The World Bank
For that indicator, we provide data for Nigeria from 2007 to 2014. The average value for Nigeria during that period was 4.8 percent with a minimum of 2.7 percent in 2007 and a maximum of 6.9 percent in 2014. The latest value from 2014 is 6.9 percent. For comparison, the world average in 2014 based on 11 countries is 17.48 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - Firms using credit to finance investment - recent values




Definition: Percentage of firms using banks to finance purchases of fixed assets.


 Related indicators Latest value 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 12.94 2022 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
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