At 49 percent, the most recurring barrier to bank account ownership among respondents in Nigeria in 2023 was low or irregular income. Other barriers, such as attitudes or perceptions about bank account ownership and problems accessing banks, tied for second place at 33 percent each. Moreover, unemployment and the cost of banking each decreased as reasons between 2020 and 2023.
Share of barriers to bank account ownership in Nigeria in 2020 and 2023
Characteristic
Attitudes or perceptions
Access to banks
Little or irregular income
Institutional exclusion
Unemployment
Cost of banking
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Efina. (December 13, 2023). Share of barriers to bank account ownership in Nigeria in 2020 and 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1454456/annual-barriers-to-owning-a-bank-account-in-nigeria/
Efina. "Share of barriers to bank account ownership in Nigeria in 2020 and 2023." Chart. December 13, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1454456/annual-barriers-to-owning-a-bank-account-in-nigeria/
Efina. (2023). Share of barriers to bank account ownership in Nigeria in 2020 and 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1454456/annual-barriers-to-owning-a-bank-account-in-nigeria/
Efina. "Share of Barriers to Bank Account Ownership in Nigeria in 2020 and 2023." Statista, Statista Inc., 13 Dec 2023, https://www.statista.com/statistics/1454456/annual-barriers-to-owning-a-bank-account-in-nigeria/
Efina, Share of barriers to bank account ownership in Nigeria in 2020 and 2023 Statista, https://www.statista.com/statistics/1454456/annual-barriers-to-owning-a-bank-account-in-nigeria/ (last visited July 22, 2024)
Share of barriers to bank account ownership in Nigeria in 2020 and 2023 [Graph], Efina, December 13, 2023. [Online]. Available: https://www.statista.com/statistics/1454456/annual-barriers-to-owning-a-bank-account-in-nigeria/