Credit to Agriculture and Forestry — Value Standard Local Currency in Nigeria
Nigeria: Credit to Agriculture and Forestry — Value Standard Local Currency was 1.46 million 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 1.46 million million SLC. That is the highest value across all 31 years on record.
That represents a change of up 38.9% on the previous year and up 471.2% over ten years.
Over the whole period, credit to agriculture and forestry — value standard local currency in Nigeria peaked at 1.46 million million SLC in 2021 and was at its lowest, 5,000 million SLC, in 1991.
Nigeria ranks 3rd 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 | 5,000 million SLC | — |
| 1992 | 7,000 million SLC | +40.0% |
| 1993 | 10,800 million SLC | +54.3% |
| 1994 | 17,800 million SLC | +64.8% |
| 1995 | 25,300 million SLC | +42.1% |
| 1996 | 33,300 million SLC | +31.6% |
| 1997 | 27,900 million SLC | -16.2% |
| 1998 | 27,200 million SLC | -2.5% |
| 1999 | 31,000 million SLC | +14.0% |
| 2000 | 41,000 million SLC | +32.3% |
| 2001 | 55,800 million SLC | +36.1% |
| 2002 | 59,800 million SLC | +7.2% |
| 2003 | 62,100 million SLC | +3.8% |
| 2004 | 67,700 million SLC | +9.0% |
| 2005 | 48,600 million SLC | -28.2% |
| 2006 | 49,400 million SLC | +1.6% |
| 2007 | 149,579 million SLC | +202.8% |
| 2008 | 106,354 million SLC | -28.9% |
| 2009 | 135,701 million SLC | +27.6% |
| 2010 | 128,406 million SLC | -5.4% |
| 2011 | 255,205 million SLC | +98.7% |
| 2012 | 316,364 million SLC | +24.0% |
| 2013 | 343,697 million SLC | +8.6% |
| 2014 | 478,900 million SLC | +39.3% |
| 2015 | 449,307 million SLC | -6.2% |
| 2016 | 525,945 million SLC | +17.1% |
| 2017 | 528,244 million SLC | +0.4% |
| 2018 | 610,150 million SLC | +15.5% |
| 2019 | 772,375 million SLC | +26.6% |
| 2020 | 1.05 million million SLC | +35.9% |
| 2021 | 1.46 million million SLC | +38.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20,589 million SLC | 5,000 million SLC | 33,300 million SLC | 9 |
| 2000s | 77,603 million SLC | 41,000 million SLC | 149,579 million SLC | 10 |
| 2010s | 440,859 million SLC | 128,406 million SLC | 772,375 million SLC | 10 |
| 2020s | 1.25 million million SLC | 1.05 million million SLC | 1.46 million million SLC | 2 |
Countries ranked near Nigeria
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)
- Paper and paperboard — Import value, per unit of GDP 0 1000 USD per US$ of GDP (2024)
- Paper and paperboard — Import value, per capita 0.0012 1000 USD per person (2024)
- Graphic papers — Import quantity, annual growth rate -42.84 % change on previous year (2024)
- Graphic papers — Import quantity, per unit of GDP 0 t per US$ of GDP (2024)
- Graphic papers — Import quantity, per capita 0.0008 t 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 1.46 million 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 1.46 million 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 5,000 million SLC in 1991.
- How does Nigeria rank for credit to agriculture and forestry — value standard local currency?
- Nigeria ranks 3rd 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 471.2%. 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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.