Total Credit — Value Standard Local Currency, 2015 prices in Nigeria
Nigeria: Total Credit — Value Standard Local Currency, 2015 prices was 20.41 million million SLC in 2023. ◆ Volatile
Total Credit — Value Standard Local Currency, 2015 prices in Nigeria, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Nigeria recorded 20.41 million million SLC for total credit — value standard local currency, 2015 prices in 2023. That is the highest value across all 33 years on record.
That represents a change of up 34.2% on the previous year and up 89.6% over ten years.
Over the whole period, total credit — value standard local currency, 2015 prices in Nigeria peaked at 20.41 million million SLC in 2023 and was at its lowest, 1.30 million million SLC, in 1996.
Nigeria ranks 15th of 165 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Total Credit — Value Standard Local Currency, 2015 prices in Nigeria, year by year
| Year | million SLC | Change |
|---|---|---|
| 1991 | 1.59 million million SLC | — |
| 1992 | 1.48 million million SLC | -7.0% |
| 1993 | 1.61 million million SLC | +8.6% |
| 1994 | 1.61 million million SLC | +0.1% |
| 1995 | 1.41 million million SLC | -12.5% |
| 1996 | 1.30 million million SLC | -7.4% |
| 1997 | 2.82 million million SLC | +116.7% |
| 1998 | 1.89 million million SLC | -33.2% |
| 1999 | 1.97 million million SLC | +4.3% |
| 2000 | 2.52 million million SLC | +28.4% |
| 2001 | 3.59 million million SLC | +42.3% |
| 2002 | 3.55 million million SLC | -1.0% |
| 2003 | 4.10 million million SLC | +15.4% |
| 2004 | 4.21 million million SLC | +2.6% |
| 2005 | 4.57 million million SLC | +8.6% |
| 2006 | 4.71 million million SLC | +3.1% |
| 2007 | 8.03 million million SLC | +70.4% |
| 2008 | 11.97 million million SLC | +49.1% |
| 2009 | 14.30 million million SLC | +19.4% |
| 2010 | 10.46 million million SLC | -26.8% |
| 2011 | 9.10 million million SLC | -13.0% |
| 2012 | 9.28 million million SLC | +1.9% |
| 2013 | 10.77 million million SLC | +16.1% |
| 2014 | 13.24 million million SLC | +23.0% |
| 2015 | 13.09 million million SLC | -1.2% |
| 2016 | 14.87 million million SLC | +13.7% |
| 2017 | 13.07 million million SLC | -12.1% |
| 2018 | 11.40 million million SLC | -12.8% |
| 2019 | 11.73 million million SLC | +2.9% |
| 2020 | 12.89 million million SLC | +9.9% |
| 2021 | 14.01 million million SLC | +8.6% |
| 2022 | 15.22 million million SLC | +8.6% |
| 2023 | 20.41 million million SLC | +34.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.74 million million SLC | 1.30 million million SLC | 2.82 million million SLC | 9 |
| 2000s | 6.16 million million SLC | 2.52 million million SLC | 14.30 million million SLC | 10 |
| 2010s | 11.70 million million SLC | 9.10 million million SLC | 14.87 million million SLC | 10 |
| 2020s | 15.63 million million SLC | 12.89 million million SLC | 20.41 million million SLC | 4 |
Countries ranked near Nigeria
More agriculture & rural data for Nigeria
- Agriculture, forestry, and fishing, value added (current US$), annual 2.38 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.2298 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 281.32 current US$ per person (2025)
- Rural population, annual growth rate -0.1218 % change on previous year (2025)
- Rural population, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Rural population, per capita 0.3622 units per person (2025)
- Agriculture share gdp 22.98 (2025)
- Value added in the agricultural sector as of gdp vs gdp per capita 22.98 (2025)
- Agricultural raw materials exports 0.4% (2024)
- Agricultural raw materials imports 0.6% (2024)
Frequently asked questions
- What is total credit — value standard local currency, 2015 prices in Nigeria?
- Total credit — value standard local currency, 2015 prices in Nigeria was 20.41 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value standard local currency, 2015 prices recorded in Nigeria?
- The highest recorded value was 20.41 million million SLC in 2023.
- What is the lowest total credit — value standard local currency, 2015 prices recorded in Nigeria?
- The lowest recorded value was 1.30 million million SLC in 1996.
- How does Nigeria rank for total credit — value standard local currency, 2015 prices?
- Nigeria ranks 15th out of 165 countries with data for 2023.
- Is total credit — value standard local currency, 2015 prices rising or falling in Nigeria?
- Over the last ten years it is up 89.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Credit — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.