Credit to Agriculture, Forestry and Fishing — Agriculture orientation in Nigeria
Nigeria: Credit to Agriculture, Forestry and Fishing — Agriculture orientation was 0.229 in 2023. ◆ Volatile
Credit to Agriculture, Forestry and Fishing — Agriculture orientation in Nigeria, 1991–2023
Source: Food and Agriculture Organization of the United Nations.
Analysis
In 2023, credit to agriculture, forestry and fishing — agriculture orientation in Nigeria stood at 0.229.
Compared with earlier readings it is down 14.6% on the previous year and up 37.3% over ten years.
Over the whole period, credit to agriculture, forestry and fishing — agriculture orientation in Nigeria peaked at 1.21 in 1996 and was at its lowest, 0.0646, in 2008.
Nigeria ranks 83rd of 118 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Credit to Agriculture, Forestry and Fishing — Agriculture orientation in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 1.08 | — |
| 1992 | 1.14 | +4.9% |
| 1993 | 1.1 | -3.6% |
| 1994 | 1.21 | +10.0% |
| 1995 | 1.08 | -10.7% |
| 1996 | 1.21 | +12.6% |
| 1997 | 0.4417 | -63.6% |
| 1998 | 0.6006 | +36.0% |
| 1999 | 0.5538 | -7.8% |
| 2000 | 0.4746 | -14.3% |
| 2001 | 0.4208 | -11.3% |
| 2002 | 0.2788 | -33.7% |
| 2003 | 0.2292 | -17.8% |
| 2004 | 0.2046 | -10.7% |
| 2005 | 0.1122 | -45.2% |
| 2006 | 0.0882 | -21.4% |
| 2007 | 0.1455 | +65.0% |
| 2008 | 0.0646 | -55.6% |
| 2009 | 0.0699 | +8.3% |
| 2010 | 0.0793 | +13.4% |
| 2011 | 0.1693 | +113.5% |
| 2012 | 0.1841 | +8.7% |
| 2013 | 0.1668 | -9.4% |
| 2014 | 0.1839 | +10.3% |
| 2015 | 0.1682 | -8.5% |
| 2016 | 0.1511 | -10.2% |
| 2017 | 0.1514 | +0.2% |
| 2018 | 0.1815 | +19.9% |
| 2019 | 0.2021 | +11.3% |
| 2020 | 0.2227 | +10.2% |
| 2021 | 0.2623 | +17.8% |
| 2022 | 0.2682 | +2.3% |
| 2023 | 0.229 | -14.6% |
Nigeria compared with similar countries
- Nigeria's 0.229 is below the median for lower middle income countries, which is 0.3383, 68% of the median. (27 countries reporting)
- Nigeria's 0.229 is below the median for Sub-Saharan Africa, which is 0.2372, 97% of the median. (27 countries reporting)
Biggest year-on-year movements
Years where Credit to Agriculture, Forestry and Fishing — Agriculture orientation in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | +113.5% | 0.0793 | 0.1693 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.9349 | 0.4417 | 1.21 | 9 |
| 2000s | 0.2088 | 0.0646 | 0.4746 | 10 |
| 2010s | 0.1638 | 0.0793 | 0.2021 | 10 |
| 2020s | 0.2455 | 0.2227 | 0.2682 | 4 |
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)
- Nutrient nitrogen N (total) — Export quantity, gaps filled 1.42 million t (2024)
- Nutrient nitrogen N (total) — Agricultural Use, gaps filled 356,171 t (2024)
- Nutrient nitrogen N (total) — Agricultural Use, annual growth rate 51.74 % change on previous year (2024)
- Nutrient phosphate P2O5 (total) — Import quantity, gaps filled 80 t (2024)
- Nutrient phosphate P2O5 (total) — Import quantity, annual growth rate 73.91 % change on previous year (2024)
Frequently asked questions
- What is credit to agriculture, forestry and fishing — agriculture orientation in Nigeria?
- Credit to agriculture, forestry and fishing — agriculture orientation in Nigeria was 0.229 in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest credit to agriculture, forestry and fishing — agriculture orientation recorded in Nigeria?
- The highest recorded value was 1.21 in 1996.
- What is the lowest credit to agriculture, forestry and fishing — agriculture orientation recorded in Nigeria?
- The lowest recorded value was 0.0646 in 2008.
- How does Nigeria rank for credit to agriculture, forestry and fishing — agriculture orientation?
- Nigeria ranks 83rd out of 118 countries with data for 2023.
- Is credit to agriculture, forestry and fishing — agriculture orientation rising or falling in Nigeria?
- Over the last ten years it is up 37.3%. 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, Forestry and Fishing — Agriculture orientation index US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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.