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Share of population relying on micro-finance banks in Nigeria from 2018 to 2023

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Source

Release date

December 2023

Region

Nigeria

Survey time period

2018 to 2023

Number of respondents

26,930 respondents

Age group

18 years and older

Special properties

formal non-bank financial services

Method of interview

Questionnaire

Supplementary notes

Data is nationally representative of adults in Nigeria across the country's 36 states and FCT Abuja.

Citation formats

Share of population using micro-finance banks in Nigeria 2018-2023

Published by ÌÇÐÄÆƽâ°æ Research Department, Mar 11, 2024
In 2023, the share of the population in Nigeria that relied on micro-finance banks reached percent. This was an increase of *** percentage point from the previous year. Overall, the share of people using micro-finance banks in the country remained stable within the examined period, with a slight decrease in 2020.
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