Net financial flows, RDB concessional in Nigeria
Nigeria: Net financial flows, RDB concessional was -377,029 NFL, current US$ in 2024. ◆ Volatile
Net financial flows, RDB concessional in Nigeria, 1991–2024
Source: International Debt Statistics, World Bank (WB), note: https://www.worldbank.org/en/programs/debt-statistics. Measured in NFL, current US$.
Analysis
The most recent figure for net financial flows, rdb concessional in Nigeria is -377,029 NFL, current US$, measured in 2024.
The figure is down 103.0% on the previous year and down 101.4% over ten years.
Over the whole period, net financial flows, rdb concessional in Nigeria peaked at 137.92 million NFL, current US$ in 2013 and was at its lowest, -1.19 million NFL, current US$, in 2004.
That places Nigeria 45th out of 94 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net financial flows, RDB concessional in Nigeria, year by year
| Year | NFL, current US$ | Change |
|---|---|---|
| 1991 | 93,277 NFL, current US$ | — |
| 1992 | 11.80 million NFL, current US$ | +12547.6% |
| 1993 | 14.76 million NFL, current US$ | +25.1% |
| 1994 | 16.93 million NFL, current US$ | +14.8% |
| 1995 | 11.64 million NFL, current US$ | -31.2% |
| 1996 | 3.99 million NFL, current US$ | -65.8% |
| 1997 | 13.90 million NFL, current US$ | +248.7% |
| 1998 | 9.97 million NFL, current US$ | -28.2% |
| 1999 | 6.28 million NFL, current US$ | -37.1% |
| 2000 | 12.74 million NFL, current US$ | +102.9% |
| 2001 | 10.12 million NFL, current US$ | -20.6% |
| 2002 | 27.06 million NFL, current US$ | +167.4% |
| 2003 | 371,090 NFL, current US$ | -98.6% |
| 2004 | -1.19 million NFL, current US$ | -421.9% |
| 2005 | 9.06 million NFL, current US$ | -858.8% |
| 2006 | 5.99 million NFL, current US$ | -33.9% |
| 2007 | 46.95 million NFL, current US$ | +683.3% |
| 2008 | 27.93 million NFL, current US$ | -40.5% |
| 2009 | 15.44 million NFL, current US$ | -44.7% |
| 2010 | 21.93 million NFL, current US$ | +42.1% |
| 2011 | 28.40 million NFL, current US$ | +29.5% |
| 2012 | 25.76 million NFL, current US$ | -9.3% |
| 2013 | 137.92 million NFL, current US$ | +435.5% |
| 2014 | 26.60 million NFL, current US$ | -80.7% |
| 2015 | 96.15 million NFL, current US$ | +261.5% |
| 2016 | 48.11 million NFL, current US$ | -50.0% |
| 2017 | 40.37 million NFL, current US$ | -16.1% |
| 2018 | 62.15 million NFL, current US$ | +54.0% |
| 2019 | 67.09 million NFL, current US$ | +8.0% |
| 2020 | 17.56 million NFL, current US$ | -73.8% |
| 2021 | 34.82 million NFL, current US$ | +98.3% |
| 2022 | 28.66 million NFL, current US$ | -17.7% |
| 2023 | 12.70 million NFL, current US$ | -55.7% |
| 2024 | -377,029 NFL, current US$ | -103.0% |
Nigeria compared with similar countries
- Nigeria's -377,029 NFL, current US$ is below the median for lower middle income countries, which is 674,478 NFL, current US$. (40 countries reporting)
Biggest year-on-year movements
Years where Net financial flows, RDB concessional in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +12547.6% | 93,277 NFL, current US$ | 11.80 million NFL, current US$ |
| 2005 | +858.8% | -1.19 million NFL, current US$ | 9.06 million NFL, current US$ |
| 2007 | +683.3% | 5.99 million NFL, current US$ | 46.95 million NFL, current US$ |
| 2013 | +435.5% | 25.76 million NFL, current US$ | 137.92 million NFL, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.93 million NFL, current US$ | 93,277 NFL, current US$ | 16.93 million NFL, current US$ | 9 |
| 2000s | 15.45 million NFL, current US$ | -1.19 million NFL, current US$ | 46.95 million NFL, current US$ | 10 |
| 2010s | 55.45 million NFL, current US$ | 21.93 million NFL, current US$ | 137.92 million NFL, current US$ | 10 |
| 2020s | 18.67 million NFL, current US$ | -377,029 NFL, current US$ | 34.82 million NFL, current US$ | 5 |
Countries ranked near Nigeria
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 net financial flows, rdb concessional in Nigeria?
- Net financial flows, rdb concessional in Nigeria was -377,029 NFL, current US$ in 2024, according to International Debt Statistics, World Bank (WB), note: https://www.worldbank.org/en/programs/debt-statistics.
- What is the highest net financial flows, rdb concessional recorded in Nigeria?
- The highest recorded value was 137.92 million NFL, current US$ in 2013.
- What is the lowest net financial flows, rdb concessional recorded in Nigeria?
- The lowest recorded value was -1.19 million NFL, current US$ in 2004.
- How does Nigeria rank for net financial flows, rdb concessional?
- Nigeria ranks 45th out of 94 countries with data for 2024.
- Is net financial flows, rdb concessional rising or falling in Nigeria?
- Over the last ten years it is down 101.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Debt Statistics, World Bank (WB), note: https://www.worldbank.org/en/programs/debt-statistics, published as part of Net financial flows, RDB concessional (NFL, current US$). Statizoid updates them automatically from the source API.
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About this data
Net financial flows received by the borrower during the year are disbursements of loans and credits less repayments of principal. Concessional financial flows cover disbursements made through concessional lending facilities. Regional development banks are the African Development Bank, in Tunis, Tunisia, which serves all of Africa, including North Africa; the Asian Development Bank, in Manila, Philippines, which serves South and Central Asia and East Asia and Pacific; the European Bank for Reconstruction and Development, in London, United Kingdom, which serves Europe and Central Asia; and the Inter-American Development Bank, in Washington, D.C., which serves the Americas. Aggregates include amounts for economies not specified elsewhere. Data are in current U.S. dollars.