Country profile · Edition 1

🇳🇬Nigeria

Africa

Score

50.9

Rank

39 of 46

Overview

Nigeria ranks 39th of 46 economies, with a score of 50.9 out of 100. It is 4th of 5 ranked economies in Africa.

Strongest: Innovation (100); Consumer protection (83). Weakest: Credit access (9); Credit literacy (26).

Dimension scores

Credit literacy26.0

Credit access9.1

Financial inclusion45.9

Digital banking54.5

Innovation100.0

Consumer protection83.3

Government support75.0

Financial education75.0

Youth education50.0

Public awareness75.0

Dimensions with no score are left out of the overall score, never counted as zero.

Not yet measured: Reporting transparency, Alternative infrastructure.

Survey indicators

26%26% of adults answered at least 3 of 4 financial concepts correctly (S&P Global FinLit, 2014)

9.1%9% of adults borrowed from a formal institution or via mobile money in the past year (Findex, 2024)

63.3%63% of adults have an account (Findex, 2024)

28.5%28% could raise emergency funds within 30 days without great difficulty (Findex, 2024)

54.5%54% of adults made or received a digital payment (Findex, 2024)

Youth education policy: partial

Financial education is in the school curriculum only in some regions, or as an optional or pilot subject. There is no standalone course or graduation requirement. The national financial education strategy names young people or schools as a priority.

Policy dimensions record whether a policy exists, not how well it works.