Net domestic credit in Nigeria
Nigeria: Net domestic credit was 66.12 trillion current LCU in 2022. ◆ Volatile
Net domestic credit in Nigeria, 1960–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net domestic credit in Nigeria is 66.12 trillion current LCU, measured in 2022. That is the highest value across all 63 years on record.
Compared with earlier readings it is up 35.8% on the previous year and up 355.5% over ten years.
Over the whole period, net domestic credit in Nigeria peaked at 66.12 trillion current LCU in 2022 and was at its lowest, -314.00 million current LCU, in 1974.
That places Nigeria 18th out of 186 countries with data for 2022, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 371.38 million current LCU | 53.50 million current LCU | 822.50 million current LCU | 10 |
| 1970s | 3.09 billion current LCU | -314.00 million current LCU | 8.69 billion current LCU | 10 |
| 1980s | 31.17 billion current LCU | 10.73 billion current LCU | 50.75 billion current LCU | 10 |
| 1990s | 337.89 billion current LCU | 61.66 billion current LCU | 632.01 billion current LCU | 10 |
| 2000s | 2.69 trillion current LCU | 472.01 billion current LCU | 8.83 trillion current LCU | 10 |
| 2010s | 21.29 trillion current LCU | 9.60 trillion current LCU | 36.71 trillion current LCU | 10 |
| 2020s | 52.06 trillion current LCU | 41.38 trillion current LCU | 66.12 trillion current LCU | 3 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Domestic credit to private sector 9.6% (2022)
- Claims on central government, etc. 8.6% (2022)
- Broad money 25.1% (2023)
- Monetary Sector credit to private sector 9.6% (2022)
- Net foreign assets 3.79 trillion current LCU (2022)
- Total reserves in months of imports 7.12 (2025)
- Net migration -15,258 (2025)
- Domestic credit to private sector by banks 13.1% (2023)
- Official exchange rate 1,518 LCU per US$, period average (2025)
- Claims on central government 22.2% (2022)
Frequently asked questions
- What is net domestic credit in Nigeria?
- Net domestic credit in Nigeria was 66.12 trillion current LCU in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net domestic credit recorded in Nigeria?
- The highest recorded value was 66.12 trillion current LCU in 2022.
- What is the lowest net domestic credit recorded in Nigeria?
- The lowest recorded value was -314.00 million current LCU in 1974.
- How does Nigeria rank for net domestic credit?
- Nigeria ranks 18th out of 186 countries with data for 2022.
- Is net domestic credit rising or falling in Nigeria?
- Over the last ten years it is up 355.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Net domestic credit (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 63 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.