Credit to Agriculture, Forestry and Fishing — Share of Total Credit in Nigeria
Nigeria: Credit to Agriculture, Forestry and Fishing — Share of Total Credit was 5.06 % in 2023. ◆ Volatile
Credit to Agriculture, Forestry and Fishing — Share of Total Credit in Nigeria, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
The most recent figure for credit to agriculture, forestry and fishing — share of total credit in Nigeria is 5.06 %, measured in 2023.
Compared with earlier readings it is down 16.1% on the previous year and up 47.4% over ten years.
Over the whole period, credit to agriculture, forestry and fishing — share of total credit in Nigeria peaked at 19.66 % in 1996 and was at its lowest, 1.44 %, in 2008.
Nigeria ranks 32nd of 119 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 — Share of Total Credit in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 15.97 % | — |
| 1992 | 16.39 % | +2.6% |
| 1993 | 16.44 % | +0.3% |
| 1994 | 18.9 % | +15.0% |
| 1995 | 17.5 % | -7.4% |
| 1996 | 19.66 % | +12.4% |
| 1997 | 7.24 % | -63.2% |
| 1998 | 9.97 % | +37.8% |
| 1999 | 9.6 % | -3.6% |
| 2000 | 8.07 % | -16.0% |
| 2001 | 7.01 % | -13.1% |
| 2002 | 6.26 % | -10.6% |
| 2003 | 5.13 % | -18.1% |
| 2004 | 4.46 % | -13.2% |
| 2005 | 2.46 % | -44.8% |
| 2006 | 1.96 % | -20.4% |
| 2007 | 3.25 % | +65.9% |
| 2008 | 1.44 % | -55.8% |
| 2009 | 1.52 % | +6.1% |
| 2010 | 1.67 % | +9.4% |
| 2011 | 3.49 % | +109.4% |
| 2012 | 3.88 % | +11.2% |
| 2013 | 3.44 % | -11.5% |
| 2014 | 3.72 % | +8.2% |
| 2015 | 3.43 % | -7.6% |
| 2016 | 3.26 % | -5.0% |
| 2017 | 3.36 % | +2.8% |
| 2018 | 4.03 % | +20.1% |
| 2019 | 4.49 % | +11.5% |
| 2020 | 5.15 % | +14.7% |
| 2021 | 5.98 % | +16.1% |
| 2022 | 6.03 % | +0.9% |
| 2023 | 5.06 % | -16.1% |
Nigeria compared with similar countries
- Nigeria's 5.06 % is above the median for lower middle income countries, which is 4.56 %, 1.1× the median. (27 countries reporting)
- Nigeria's 5.06 % is above the median for Sub-Saharan Africa, which is 4.56 %, 1.1× the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.63 % | 7.24 % | 19.66 % | 9 |
| 2000s | 4.15 % | 1.44 % | 8.07 % | 10 |
| 2010s | 3.48 % | 1.67 % | 4.49 % | 10 |
| 2020s | 5.56 % | 5.06 % | 6.03 % | 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)
- Cooling Degree Days, annual growth rate 1.53 % change on previous year (2024)
- Heating Degree Days, gaps filled 0.29 (2024)
- Heating Degree Days, per unit of GDP 0 units per US$ of GDP (2024)
- Heating Degree Days, per capita 0 units per person (2024)
- Value Added Deflator (Agriculture, forestry and fishery) — Value 4.77 % change on previous year (2024)
Frequently asked questions
- What is credit to agriculture, forestry and fishing — share of total credit in Nigeria?
- Credit to agriculture, forestry and fishing — share of total credit in Nigeria was 5.06 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest credit to agriculture, forestry and fishing — share of total credit recorded in Nigeria?
- The highest recorded value was 19.66 % in 1996.
- What is the lowest credit to agriculture, forestry and fishing — share of total credit recorded in Nigeria?
- The lowest recorded value was 1.44 % in 2008.
- How does Nigeria rank for credit to agriculture, forestry and fishing — share of total credit?
- Nigeria ranks 32nd out of 119 countries with data for 2023.
- Is credit to agriculture, forestry and fishing — share of total credit rising or falling in Nigeria?
- Over the last ten years it is up 47.4%. 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 — Share of Total Credit US$, 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.