Share of population using informal financial services in Nigeria 2008-2023
The share of adults in Nigeria who relied on informal financial services was 10 percent in 2023. Compared to the previous year under review, 2020, this was a slight decline of one percent. With some fluctuations in 2014 and 2018, the total share of people in the country who relied on informal financial services declined steadily over the period under review.
The share of adults in Nigeria who relied on informal financial services was 10 percent in 2023. Compared to the previous year, this was a slight decline of one percentage point. With some fluctuations in 2014 and 2018, the total share of people in the country who used informal financial services declined steadily over the period under review.