Country Financial Sector Profilesback

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

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Latest News & Events

27
May
May 27, 2019
Benin City, Nigeria
The International Microfinance Workshop (IMW) is a platform for microfinance practitioners and professionals to optimise knowledge, network, share…
May 07, 2019 | Premium Times; All Africa
The World Bank Group has identified three policy considerations as critical factors for the growth of digital savings and

Latest Publications

May 11, 2019 | G. Murthy, M. Fernandez-Vidal | CGAP
May 11, 2019 | G. Murthy, M. Fernandez-Vidal, X. Faz et al. | CGAP
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