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
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 population using savings groups in Nigeria from 2018 to 2023 [Graph]. In Statista. Retrieved December 22, 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 December 22, 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: December 22, 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 December 22, 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/
