Financial Sector Overview

At a Glance

Source
Population in thousands (2017): 190,886.31
GDP per capita (current US$) 2017 - World Average 10,721.61: 1,968.43
Account (%) age 15+) - (2014 vs 2017): 44% | 40%
Agriculture Orientation Index - Credit ( Agriculture, Forestry and Fisheries share of GDP) (2015 vs 2016): 0.17 | 0.16
Financial Inclusion Strategies: National Financial Inclusion Strategy 2018-2020 (Revised) Oct 2018
Domestic credit provided by financial sector (% of GDP) 2017: 23.28
Made or received digital payments in the past year (% age 15+) (2014 vs 2017): 37% | 30%
Remittances % of GDP for 2017: 0.044
Mortgage Interest Rate / Mortgage Term (years): 19.50% | 20

Donor Projects Database

Projects

Latest News & Events

29
Apr
Apr 29, 2019
Lagos, Nigeria
The aim is this event is to bring together leading practitioners and thinkers within the African insurance ‘ecosystem’ to share experiences and ideas…
23
Apr
Apr 23, 2019
Lagos, Nigeria
With mandates to achieve financial inclusion across West Africa by 2020, the future of digitizing banking services is front and centre. The regions…

Latest Publications

Apr 01, 2019 | J. Anderson, R. Karuppusamy, P. Enrico et al. | CGAP
Feb 28, 2019 | C. Hougaard, A. van der Linden, B. Msulwa et al. | DFID, FSD Africa, Cenfri
Nov 30, 2018 | R.H. Mynhardt, J. Marx | Journal of Economic and Financial Sciences
Oct 31, 2018 | Central Bank of Nigeria (CBN) | CBN
Sep 30, 2018 | International Trade Centre (ITC) | ITC
Sep 30, 2018 | African Development Bank (AfDB) | AfDB