Nigeria: Small firms with bank credit
* indicates monthly or quarterly data series
| Nigeria |
Small firms with bank credit, percent of all small firms |
|---|---|
| Latest value | 12.00 |
| Year | 2014 |
| Measure | percent |
| Data availability | 2007 - 2014 |
| Average | 7.40 |
| Min - Max | 2.80 - 12.00 |
| Source | The World Bank |
The latest value from 2014 is 12 percent, an increase from 2.8 percent in 2007. In comparison, the world average is 17.51 percent, based on data from 11 countries. Historically, the average for Nigeria from 2007 to 2014 is 7.4 percent. The minimum value, 2.8 percent, was reached in 2007 while the maximum of 12 percent was recorded in 2014.
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* indicates monthly or quarterly data series
Recent data
Definition: Percentage of small firms (5-19 workers) in the formal sector with a line of credit or a loan from a (formal) financial institution, such as a bank, credit union, microfinance institution, or cooperative.
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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 |