Credit to Agriculture, Forestry and Fishing — Value Standard Local in Nigeria
Nigeria: Credit to Agriculture, Forestry and Fishing — Value Standard Local was 2.26 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
In 2023, credit to agriculture, forestry and fishing — value standard local in Nigeria stood at 2.26 million million SLC. That is the highest value across all 33 years on record.
That represents a change of up 26.8% on the previous year and up 556.2% over ten years.
Over the whole period, credit to agriculture, forestry and fishing — value standard local in Nigeria peaked at 2.26 million million SLC in 2023 and was at its lowest, 5,000 million SLC, in 1991.
That places Nigeria 10th 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 | 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% |
| 2022 | 1.78 million million SLC | +22.0% |
| 2023 | 2.26 million million SLC | +26.8% |
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 | 1.64 million million SLC | 1.05 million million SLC | 2.26 million million SLC | 4 |
Countries ranked near Nigeria
- 7 Republic of Moldova 5,079 million SLC compare
- 7 Uganda 2.73 million million SLC compare
- 8 Argentina 2.43 million million SLC compare
- 8 Türkiye 2,956 million SLC compare
- 9 China, mainland 2.38 million million SLC compare
- 9 Timor-Leste 1.7 million SLC compare
- 11 Iraq 1.84 million million SLC compare
- 12 Japan 1.06 million million SLC compare
- 13 Kazakhstan 819,631 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)
- Roundwood — Import value, annual growth rate -90.07 % change on previous year (2024)
- Roundwood — Import value, per unit of GDP 0 1000 USD per US$ of GDP (2024)
- Roundwood — Import value, per capita 0 1000 USD per person (2024)
- Roundwood — Export quantity, annual growth rate 69.36 % change on previous year (2024)
- Roundwood — Export quantity, per capita 0.0004 m3 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 2.26 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 2.26 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 5,000 million SLC in 1991.
- How does Nigeria rank for credit to agriculture, forestry and fishing — value standard local?
- Nigeria ranks 10th 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 556.2%. 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, Forestry and Fishing — Value Standard Local Currency. 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.