PPG, official creditors (NFL, US$) in Nigeria
Nigeria: PPG, official creditors (NFL, US$) was 3.30 billion NFL, US$ in 2024. ◆ Volatile
PPG, official creditors in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in NFL, US$.
Analysis
Nigeria recorded 3.30 billion NFL, US$ for ppg, official creditors in 2024.
That represents a change of down 31.5% on the previous year and up 159.7% over ten years.
Over the whole period, ppg, official creditors in Nigeria peaked at 4.82 billion NFL, US$ in 2023 and was at its lowest, -4.12 billion NFL, US$, in 2006.
Nigeria ranks 6th of 123 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
PPG, official creditors (NFL, US$) in Nigeria, year by year
| Year | NFL, US$ | Change |
|---|---|---|
| 1970 | 29.43 million NFL, US$ | — |
| 1971 | 76.65 million NFL, US$ | +160.5% |
| 1972 | 99.51 million NFL, US$ | +29.8% |
| 1973 | 38.51 million NFL, US$ | -61.3% |
| 1974 | 62.38 million NFL, US$ | +62.0% |
| 1975 | 63.11 million NFL, US$ | +1.2% |
| 1976 | 48.62 million NFL, US$ | -23.0% |
| 1977 | 37.43 million NFL, US$ | -23.0% |
| 1978 | 34.08 million NFL, US$ | -8.9% |
| 1979 | 59.39 million NFL, US$ | +74.2% |
| 1980 | 76.74 million NFL, US$ | +29.2% |
| 1981 | 87.24 million NFL, US$ | +13.7% |
| 1982 | 168.93 million NFL, US$ | +93.6% |
| 1983 | 689.71 million NFL, US$ | +308.3% |
| 1984 | 305.29 million NFL, US$ | -55.7% |
| 1985 | -109.94 million NFL, US$ | -136.0% |
| 1986 | 617.07 million NFL, US$ | -661.3% |
| 1987 | 377.70 million NFL, US$ | -38.8% |
| 1988 | 71.95 million NFL, US$ | -80.9% |
| 1989 | 460.34 million NFL, US$ | +539.8% |
| 1990 | -132.28 million NFL, US$ | -128.7% |
| 1991 | 43.93 million NFL, US$ | -133.2% |
| 1992 | 198.12 million NFL, US$ | +351.0% |
| 1993 | 53.80 million NFL, US$ | -72.8% |
| 1994 | 167.87 million NFL, US$ | +212.0% |
| 1995 | -35.21 million NFL, US$ | -121.0% |
| 1996 | -132.85 million NFL, US$ | +277.3% |
| 1997 | -261.73 million NFL, US$ | +97.0% |
| 1998 | -466.93 million NFL, US$ | +78.4% |
| 1999 | -275.17 million NFL, US$ | -41.1% |
| 2000 | -761.51 million NFL, US$ | +176.7% |
| 2001 | -1.46 billion NFL, US$ | +92.3% |
| 2002 | -426.57 million NFL, US$ | -70.9% |
| 2003 | -845.02 million NFL, US$ | +98.1% |
| 2004 | -790.72 million NFL, US$ | -6.4% |
| 2005 | -3.34 billion NFL, US$ | +322.3% |
| 2006 | -4.12 billion NFL, US$ | +23.5% |
| 2007 | 194.01 million NFL, US$ | -104.7% |
| 2008 | 52.59 million NFL, US$ | -72.9% |
| 2009 | 203.68 million NFL, US$ | +287.3% |
| 2010 | 807.07 million NFL, US$ | +296.2% |
| 2011 | 817.97 million NFL, US$ | +1.4% |
| 2012 | 675.36 million NFL, US$ | -17.4% |
| 2013 | 1.14 billion NFL, US$ | +69.3% |
| 2014 | 1.27 billion NFL, US$ | +11.3% |
| 2015 | 1.32 billion NFL, US$ | +3.9% |
| 2016 | 965.79 million NFL, US$ | -26.9% |
| 2017 | 2.21 billion NFL, US$ | +129.0% |
| 2018 | 1.77 billion NFL, US$ | -20.1% |
| 2019 | 2.38 billion NFL, US$ | +34.8% |
| 2020 | 1.65 billion NFL, US$ | -30.7% |
| 2021 | 1.58 billion NFL, US$ | -4.3% |
| 2022 | 3.06 billion NFL, US$ | +93.5% |
| 2023 | 4.82 billion NFL, US$ | +57.5% |
| 2024 | 3.30 billion NFL, US$ | -31.5% |
Nigeria compared with similar countries
- Nigeria's 3.30 billion NFL, US$ is above the median for lower middle income countries, which is 210.12 million NFL, US$, 15.7× the median. (43 countries reporting)
- Nigeria's 3.30 billion NFL, US$ is above the median for Sub-Saharan Africa, which is 203.60 million NFL, US$, 16.2× the median. (44 countries reporting)
Biggest year-on-year movements
Years where PPG, official creditors (NFL, US$) 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 |
|---|---|---|---|
| 1986 | +661.3% | -109.94 million NFL, US$ | 617.07 million NFL, US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 54.91 million NFL, US$ | 29.43 million NFL, US$ | 99.51 million NFL, US$ | 10 |
| 1980s | 274.50 million NFL, US$ | -109.94 million NFL, US$ | 689.71 million NFL, US$ | 10 |
| 1990s | -84.05 million NFL, US$ | -466.93 million NFL, US$ | 198.12 million NFL, US$ | 10 |
| 2000s | -1.13 billion NFL, US$ | -4.12 billion NFL, US$ | 203.68 million NFL, US$ | 10 |
| 2010s | 1.34 billion NFL, US$ | 675.36 million NFL, US$ | 2.38 billion NFL, US$ | 10 |
| 2020s | 2.88 billion NFL, US$ | 1.58 billion NFL, US$ | 4.82 billion NFL, 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 ppg, official creditors in Nigeria?
- Ppg, official creditors in Nigeria was 3.30 billion NFL, US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest ppg, official creditors recorded in Nigeria?
- The highest recorded value was 4.82 billion NFL, US$ in 2023.
- What is the lowest ppg, official creditors recorded in Nigeria?
- The lowest recorded value was -4.12 billion NFL, US$ in 2006.
- How does Nigeria rank for ppg, official creditors?
- Nigeria ranks 6th out of 123 countries with data for 2024.
- Is ppg, official creditors rising or falling in Nigeria?
- Over the last ten years it is up 159.7%. 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), published as part of PPG, official creditors (NFL, US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Public and publicly guaranteed debt from official creditors includes loans from international organizations (multilateral loans) and loans from governments (bilateral loans). Loans from international organization include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Government loans include loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.