In 2023, the total share of adults in Nigeria who used formal financial services was 64 percent. That year, 52 percent of the population had banks as their financial service provider, while 12 percent used other formal financial services. Overall, the share of people in the country who relied on formal financial services increased steadily within the examined period.
Share of people relying on formal financial services in Nigeria from 2008 to 2023, by type
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Efina. (December 13, 2023). Share of people relying on formal financial services in Nigeria from 2008 to 2023, by type [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1454330/share-of-population-relying-on-formal-financial-services-in-nigeria-by-type/
Efina. "Share of people relying on formal financial services in Nigeria from 2008 to 2023, by type." Chart. December 13, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1454330/share-of-population-relying-on-formal-financial-services-in-nigeria-by-type/
Efina. (2023). Share of people relying on formal financial services in Nigeria from 2008 to 2023, by type. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1454330/share-of-population-relying-on-formal-financial-services-in-nigeria-by-type/
Efina. "Share of People Relying on Formal Financial Services in Nigeria from 2008 to 2023, by Type." Statista, Statista Inc., 13 Dec 2023, https://www.statista.com/statistics/1454330/share-of-population-relying-on-formal-financial-services-in-nigeria-by-type/
Efina, Share of people relying on formal financial services in Nigeria from 2008 to 2023, by type Statista, https://www.statista.com/statistics/1454330/share-of-population-relying-on-formal-financial-services-in-nigeria-by-type/ (last visited December 22, 2024)
Share of people relying on formal financial services in Nigeria from 2008 to 2023, by type [Graph], Efina, December 13, 2023. [Online]. Available: https://www.statista.com/statistics/1454330/share-of-population-relying-on-formal-financial-services-in-nigeria-by-type/
