Credit to Agriculture, Forestry and Fishing — Value Standard Local in Nigeria
Nigeria: Credit to Agriculture, Forestry and Fishing — Value Standard Local was 1.03 million million SLC in 2023. ◆ Volatile
Credit to Agriculture, Forestry and Fishing — Value Standard Local in Nigeria, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for credit to agriculture, forestry and fishing — value standard local in Nigeria is 1.03 million million SLC, measured in 2023. That is the highest value across all 33 years on record.
Compared with earlier readings it is up 12.6% on the previous year and up 179.5% over ten years.
Over the whole period, credit to agriculture, forestry and fishing — value standard local in Nigeria peaked at 1.03 million million SLC in 2023 and was at its lowest, 92,219 million SLC, in 2006.
That places Nigeria 9th out of 118 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Credit to Agriculture, Forestry and Fishing — Value Standard Local 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% |
| 2022 | 918,105 million SLC | +9.6% |
| 2023 | 1.03 million million SLC | +12.6% |
Nigeria compared with similar countries
- Nigeria's 1.03 million million SLC is above the median for lower middle income countries, which is 18,966 million SLC, 54.5× the median. (27 countries reporting)
- Nigeria's 1.03 million million SLC is above the median for Sub-Saharan Africa, which is 8,937 million SLC, 115.7× the median. (27 countries reporting)
Biggest year-on-year movements
Years where Credit to Agriculture, Forestry and Fishing — Value Standard Local 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 |
|---|---|---|---|
| 2007 | +182.7% | 92,219 million SLC | 260,720 million SLC |
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 | 863,469 million SLC | 664,277 million SLC | 1.03 million million SLC | 4 |
Countries ranked near Nigeria
- 6 Bolivia (Plurinational State of) 15,063 million SLC compare
- 6 Uganda 1.92 million million SLC compare
- 7 Republic of Moldova 2,781 million SLC compare
- 7 Russian Federation 1.49 million million SLC compare
- 8 Iraq 1.31 million million SLC compare
- 8 Türkiye 380.3 million SLC compare
- 9 Timor-Leste 1.38 million SLC compare
- 10 Japan 977,756 million SLC compare
- 11 Costa Rica 486,143 million SLC compare
- 12 Bangladesh 451,158 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)
- Nutrient potash K2O (total) — Agricultural Use, gaps filled 3,019 t (2024)
- Nutrient potash K2O (total) — Agricultural Use, annual growth rate -86.77 % change on previous year (2024)
- Country area — Area, annual growth rate -0.0002 % change on previous year (2024)
- Country area — Area, per unit of GDP 0 1000 ha per US$ of GDP (2024)
- Country area — Area, per capita 0.0004 1000 ha per person (2024)
Frequently asked questions
- What is credit to agriculture, forestry and fishing — value standard local in Nigeria?
- Credit to agriculture, forestry and fishing — value standard local in Nigeria was 1.03 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest credit to agriculture, forestry and fishing — value standard local recorded in Nigeria?
- The highest recorded value was 1.03 million million SLC in 2023.
- What is the lowest credit to agriculture, forestry and fishing — value standard local recorded in Nigeria?
- The lowest recorded value was 92,219 million SLC in 2006.
- How does Nigeria rank for credit to agriculture, forestry and fishing — value standard local?
- Nigeria ranks 9th out of 118 countries with data for 2023.
- Is credit to agriculture, forestry and fishing — value standard local rising or falling in Nigeria?
- Over the last ten years it is up 179.5%. 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 — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 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.