Non-performing loans to total gross loans (%) in Nigeria
Nigeria: Non-performing loans to total gross loans (%) was 4.9% in 2024. ◆ Volatile
Non-performing loans to total gross loans in Nigeria, 2007–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for non-performing loans to total gross loans in Nigeria is 4.9%, measured in 2024.
Compared with earlier readings it is up 11.2% on the previous year and up 64.5% over ten years.
Over the whole period, non-performing loans to total gross loans in Nigeria peaked at 37.3% in 2009 and was at its lowest, 3.0%, in 2014.
That places Nigeria 49th out of 156 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Non-performing loans to total gross loans (%) in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 9.5% | — |
| 2008 | 7.2% | -24.3% |
| 2009 | 37.3% | +417.9% |
| 2010 | 20.1% | -45.9% |
| 2011 | 5.8% | -71.3% |
| 2012 | 3.7% | -35.8% |
| 2013 | 3.4% | -8.4% |
| 2014 | 3.0% | -12.7% |
| 2015 | 4.9% | +64.0% |
| 2016 | 12.8% | +163.6% |
| 2017 | 14.8% | +15.6% |
| 2018 | 11.7% | -21.2% |
| 2019 | 6.0% | -48.3% |
| 2020 | 6.0% | -0.2% |
| 2021 | 4.9% | -18.1% |
| 2022 | 4.0% | -18.6% |
| 2023 | 4.4% | +9.2% |
| 2024 | 4.9% | +11.2% |
Nigeria compared with similar countries
- Nigeria's 4.9% is below the median for lower middle income countries, which is 6.7%, 73% of the median. (29 countries reporting)
- Nigeria's 4.9% is below the median for Sub-Saharan Africa, which is 6.7%, 73% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Non-performing loans to total gross loans (%) in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +417.9% | 7.2% | 37.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.0% | 7.2% | 37.3% | 3 |
| 2010s | 8.6% | 3.0% | 20.1% | 10 |
| 2020s | 4.8% | 4.0% | 6.0% | 5 |
Countries ranked near Nigeria
More development goals data for Nigeria
- Red List Index 0.9147 index (2025)
- Number of refugees per 100,000 population, by country of origin 201.98 per 100,000 people (2025)
- Manufacturing value added per capita 238.4 constant US$ (2025)
- Number of transboundary breeds 22 (2025)
- Number of transboundary breeds (not extinct) 21 (2025)
- Number of transboundary breeds with unknown risk status 21 (2025)
- Number of local breeds with unknown risk status 19 (2025)
- Number of local breeds (not extinct) 19 (2025)
- Number of local breeds kept in the country 20 (2025)
- Infant deaths 519,644 (2024)
Frequently asked questions
- What is non-performing loans to total gross loans in Nigeria?
- Non-performing loans to total gross loans in Nigeria was 4.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest non-performing loans to total gross loans recorded in Nigeria?
- The highest recorded value was 37.3% in 2009.
- What is the lowest non-performing loans to total gross loans recorded in Nigeria?
- The lowest recorded value was 3.0% in 2014.
- How does Nigeria rank for non-performing loans to total gross loans?
- Nigeria ranks 49th out of 156 countries with data for 2024.
- Is non-performing loans to total gross loans rising or falling in Nigeria?
- Over the last ten years it is up 64.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Non-performing loans to total gross loans (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under UN SDG Global Database (open, attribution requested).