Credit to Agriculture and Forestry — Value Standard Local Currency in Nigeria
Nigeria: Credit to Agriculture and Forestry — Value Standard Local Currency was 837,695 million SLC in 2021. ◆ Volatile
Credit to Agriculture and Forestry — Value Standard Local Currency in Nigeria, 1991–2021
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2021, credit to agriculture and forestry — value standard local currency in Nigeria stood at 837,695 million SLC. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 26.1% on the previous year and up 163.7% over ten years.
Over the whole period, credit to agriculture and forestry — value standard local currency in Nigeria peaked at 837,695 million SLC in 2021 and was at its lowest, 92,219 million SLC, in 2006.
Nigeria ranks 2nd of 25 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Credit to Agriculture and Forestry — Value Standard Local Currency in Nigeria, year by year
| Year | million SLC | Change |
|---|---|---|
| 1991 | 254,201 million SLC | — |
| 1992 | 242,505 million SLC | -4.6% |
| 1993 | 264,158 million SLC | +8.9% |
| 1994 | 303,826 million SLC | +15.0% |
| 1995 | 246,202 million SLC | -19.0% |
| 1996 | 256,186 million SLC | +4.1% |
| 1997 | 204,313 million SLC | -20.2% |
| 1998 | 187,896 million SLC | -8.0% |
| 1999 | 188,790 million SLC | +0.5% |
| 2000 | 203,540 million SLC | +7.8% |
| 2001 | 251,656 million SLC | +23.6% |
| 2002 | 222,688 million SLC | -11.5% |
| 2003 | 210,605 million SLC | -5.4% |
| 2004 | 187,627 million SLC | -10.9% |
| 2005 | 112,376 million SLC | -40.1% |
| 2006 | 92,219 million SLC | -17.9% |
| 2007 | 260,720 million SLC | +182.7% |
| 2008 | 171,771 million SLC | -34.1% |
| 2009 | 217,676 million SLC | +26.7% |
| 2010 | 174,347 million SLC | -19.9% |
| 2011 | 317,655 million SLC | +82.2% |
| 2012 | 360,121 million SLC | +13.4% |
| 2013 | 369,850 million SLC | +2.7% |
| 2014 | 491,992 million SLC | +33.0% |
| 2015 | 449,307 million SLC | -8.7% |
| 2016 | 485,335 million SLC | +8.0% |
| 2017 | 438,679 million SLC | -9.6% |
| 2018 | 459,678 million SLC | +4.8% |
| 2019 | 527,154 million SLC | +14.7% |
| 2020 | 664,277 million SLC | +26.0% |
| 2021 | 837,695 million SLC | +26.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 238,675 million SLC | 187,896 million SLC | 303,826 million SLC | 9 |
| 2000s | 193,088 million SLC | 92,219 million SLC | 260,720 million SLC | 10 |
| 2010s | 407,412 million SLC | 174,347 million SLC | 527,154 million SLC | 10 |
| 2020s | 750,986 million SLC | 664,277 million SLC | 837,695 million SLC | 2 |
Countries ranked near Nigeria
- 1 Côte d'Ivoire 120,017 million SLC compare
- 1 Uganda 1.69 million million SLC compare
- 1 United Republic of Tanzania 1.53 million million SLC compare
- 3 Japan 777,645 million SLC compare
- 4 Nepal 215,334 million SLC compare
- 5 Philippines 208,907 million SLC compare
More environment data for Nigeria
- Historical exposure to drought — Land soil moisture anomaly -5.73 Percentage change (2025)
- Historical exposure to drought — Cropland soil moisture anomaly -5.07 Percentage change (2025)
- Standard Deviation, annual growth rate 0 % change on previous year (2025)
- Standard Deviation 0.281 °C (2025)
- Temperature change 1.15 °C (2025)
- Sawnwood — Export quantity, per unit of GDP 0 m3 per US$ of GDP (2024)
- Sawnwood — Export quantity, per capita 0.0001 m3 per person (2024)
- Sawnwood — Export value, annual growth rate 1.08 % change on previous year (2024)
- Sawnwood — Export value, per unit of GDP 0 1000 USD per US$ of GDP (2024)
- Sawnwood — Export value, per capita 0.0001 1000 USD per person (2024)
Frequently asked questions
- What is credit to agriculture and forestry — value standard local currency in Nigeria?
- Credit to agriculture and forestry — value standard local currency in Nigeria was 837,695 million SLC in 2021, according to Food and Agriculture Organization of the United Nations.
- What is the highest credit to agriculture and forestry — value standard local currency recorded in Nigeria?
- The highest recorded value was 837,695 million SLC in 2021.
- What is the lowest credit to agriculture and forestry — value standard local currency recorded in Nigeria?
- The lowest recorded value was 92,219 million SLC in 2006.
- How does Nigeria rank for credit to agriculture and forestry — value standard local currency?
- Nigeria ranks 2nd out of 25 countries with data for 2021.
- Is credit to agriculture and forestry — value standard local currency rising or falling in Nigeria?
- Over the last ten years it is up 163.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Credit to Agriculture and Forestry — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.