In 2023, the majority of the population in Nigeria that used informal financial services relied on saving thrifts, at ** percent. In the same year, **** percent of the population resorted to savings groups while percent used village associations. The usage of other informal financial service drivers such as cooperatives, money lenders, and microfinance institutions, reached a share of less than **** percent each.
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Efina. (December 13, 2023). Share of population relying on informal financial services in Nigeria in 2023, by drivers [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/1454809/share-of-population-using-informal-financial-services-in-nigeria-by-drivers/
Efina. "Share of population relying on informal financial services in Nigeria in 2023, by drivers." Chart. December 13, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/1454809/share-of-population-using-informal-financial-services-in-nigeria-by-drivers/
Efina. (2023). Share of population relying on informal financial services in Nigeria in 2023, by drivers. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/1454809/share-of-population-using-informal-financial-services-in-nigeria-by-drivers/
Efina. "Share of Population Relying on Informal Financial Services in Nigeria in 2023, by Drivers." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 13 Dec 2023, /statistics/1454809/share-of-population-using-informal-financial-services-in-nigeria-by-drivers/
Efina, Share of population relying on informal financial services in Nigeria in 2023, by drivers ÌÇÐÄÆƽâ°æ, /statistics/1454809/share-of-population-using-informal-financial-services-in-nigeria-by-drivers/ (last visited July 31, 2026)
Share of population relying on informal financial services in Nigeria in 2023, by drivers [Graph], Efina, December 13, 2023. [Online]. Available: /statistics/1454809/share-of-population-using-informal-financial-services-in-nigeria-by-drivers/
