Liabilities, Insurance Technical Reserves (OFCS) in Nigeria
Nigeria: Liabilities, Insurance Technical Reserves (OFCS) was 27.45 trillion in 2025. ▲ Rising
Liabilities, Insurance Technical Reserves (OFCS) in Nigeria, 2017–2025
Source: International Monetary Fund.
Analysis
The most recent figure for liabilities, insurance technical reserves (ofcs) in Nigeria is 27.45 trillion, measured in 2025. That is the highest value across all 9 years on record.
That represents a change of up 21.9% on the previous year and up 265.3% over ten years.
Over the whole period, liabilities, insurance technical reserves (ofcs) in Nigeria peaked at 27.45 trillion in 2025 and was at its lowest, 7.52 trillion, in 2017.
That places Nigeria 7th out of 65 countries with data for 2025, putting it in the top 10%.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.79 trillion | 7.52 trillion | 10.22 trillion | 3 |
| 2020s | 18.17 trillion | 12.31 trillion | 27.45 trillion | 6 |
Countries ranked near Nigeria
- 4 Chile 283.79 trillion compare
- 5 Uganda 28.27 trillion compare
- 6 Kazakhstan 27.82 trillion compare
- 8 Argentina 16.69 trillion compare
- 9 Costa Rica 12.12 trillion compare
- 10 South Africa 10.22 trillion compare
More external debt data for Nigeria
- IFC, private nonguaranteed 102.35 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.4399 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 56.33 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.6% (2024)
- Net financial flows, IDA 1.92 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 8.24 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0076 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 758.21 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.3% (2024)
Frequently asked questions
- What is liabilities, insurance technical reserves (ofcs) in Nigeria?
- Liabilities, insurance technical reserves (ofcs) in Nigeria was 27.45 trillion in 2025, according to International Monetary Fund.
- What is the highest liabilities, insurance technical reserves (ofcs) recorded in Nigeria?
- The highest recorded value was 27.45 trillion in 2025.
- What is the lowest liabilities, insurance technical reserves (ofcs) recorded in Nigeria?
- The lowest recorded value was 7.52 trillion in 2017.
- How does Nigeria rank for liabilities, insurance technical reserves (ofcs)?
- Nigeria ranks 7th out of 65 countries with data for 2025.
- Is liabilities, insurance technical reserves (ofcs) rising or falling in Nigeria?
- Over the last ten years it is up 265.3%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Liabilities, Insurance Technical Reserves (OFCS) (Domestic currency). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Monetary and Financial Statistics (MFS), Other Financial Corporations (OFCs) dataset presents the balance sheet of OFCs highlighting their financial linkages with other economic sectors and nonresidents.