24Peaks / Africa / Nigeria / Borrowed Any Money (% age 15+)

Nigeria - Borrowed Any Money (% age 15+) 78.9

World Bank Global Findex · updated 2026-10-03 · 164 economies tracked

Latest value

78.9 (2024)

Global rank

##6 of 164 economies

Share of global total

1.3%

Growth since 2014

1.73×

Ranking Race — Borrowed Any Money (% age 15+)

1 = global #1 · higher value ranks higher

#1#19#37#55#73#91#10920142024#89#62021 overtook Burkina Faso
NigeriaUgandaSierra LeoneKenyaSenegal

Real annual global ranks, 2014 - 2024. Nigeria climbed from #89 to #6 (overtook Burkina Faso). Gaps in a lane = missing data that year.

Key events for Nigeria ↓

Key Events — Nigeria

Auto-detected from rank data + curated milestones

2016
Oil price recession curated

First recession in 25 years as crude prices collapse.

2017
Fell 21 places in global rank auto
2020
COVID-19 oil shock curated

Dual pandemic and oil shock push GDP down.

2021
Overtook Burkina Faso in global rank auto
2021
Climbed 65 places in global rank auto
2023
Fuel subsidy removal curated

Petrol subsidy cut and currency reforms spark inflation.

Borrowed Any Money (% age 15+), 2014-2024

World Bank Global Findex · % age 15+ · linear scale · ranking in the race above
2014202439.652.765.878.9

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