In 2023, the share of people using savings groups in Nigeria declined to nine percent. In 2020, the share reached 15 percent, the highest within the period observed. Overall, the Nigerian population relies on informal financial services.
Share of population using savings groups in Nigeria from 2018 to 2023
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Efina. (December 13, 2023). Share of population using savings groups in Nigeria from 2018 to 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1454816/share-of-population-using-savings-groups-in-nigeria/
Efina. "Share of population using savings groups in Nigeria from 2018 to 2023." Chart. December 13, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1454816/share-of-population-using-savings-groups-in-nigeria/
Efina. (2023). Share of population using savings groups in Nigeria from 2018 to 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1454816/share-of-population-using-savings-groups-in-nigeria/
Efina. "Share of Population Using Savings Groups in Nigeria from 2018 to 2023." Statista, Statista Inc., 13 Dec 2023, https://www.statista.com/statistics/1454816/share-of-population-using-savings-groups-in-nigeria/
Efina, Share of population using savings groups in Nigeria from 2018 to 2023 Statista, https://www.statista.com/statistics/1454816/share-of-population-using-savings-groups-in-nigeria/ (last visited November 21, 2024)
Share of population using savings groups in Nigeria from 2018 to 2023 [Graph], Efina, December 13, 2023. [Online]. Available: https://www.statista.com/statistics/1454816/share-of-population-using-savings-groups-in-nigeria/
