Nigeria

Progress has halted for women in Nigeria, as the share of women without access to a financial account has increased to 87% in 2017. However, Nigeria has a low share of women without active use of their financial accounts, indicating that once a person opens an account they are likely to use it.

Gap in Financial
Account Ownership
(%)

There is a larger gender gap in financial account ownership in Nigeria, increasing from 2011 (8%) to 2017 (31%). Only 13% of women in this income quintile own an account compared to 44% of men.

Financial Account
Active (%)

Borrowing Activity (%)
Only 11% of women in this income quintile actively used their financial accounts in the preceding 12 months in 2017, with 6% making use of informal loans.

Financial Account
Inactive (%)

Borrowing Activity (%)
Nigeria has a low share of women without active use of their financial accounts, indicating that once a person opens an account they are likely to use it. Only 2% of women in this income quintile have not used their account in the preceding 12 months in 2017.

No Financial Account
(%)

Borrowing Activity (%)
Progress has halted for women in Nigeria, as the number of women in this quintile without access to a financial account has increased to 87% in 2017. 73% of these women have not accessed formal or informal loans.

Gap in Mobile
Phone Ownership
(%)

The gender gap in mobile phone ownership in this quintile remains substantial at 11%. In 2017, 59% of women owned a mobile phone compared to 70% of men.

Total
Population
(MM)

The Nigeria population has increased since 2011, with a total of 191MM in 2017. 49% of the population are women, 51% are men.

Gap in Financial
Account Ownership
(%)

The gender gap in financial account ownership has increased significantly, from 2011 (7%) to 2017 (24%). In 2017, 27% of women in this income quintile owned a financial account compared to 51% of men.

Financial Account
Active (%)

Borrowing Activity (%)
The share of women who have actively used their financial account decreased from 2014 (26%) to 22% in 201, and only 1% made use of formal loans.

Financial Account
Inactive (%)

Borrowing Activity (%)
Nigeria has a low share of women without active use of their financial accounts, indicating that once a person opens an account they are likely to use it. The share of women who have not actively used their account in 2017 (6%) decreased from 2014 (8%)

No Financial Account
(%)

Borrowing Activity (%)
The share of women without access to a financial account has remained nearly equal at 74% in 2011 and 73% in 2017. Less than 1% used formal loans in 2011, 2014, and 2017.

Gap in Mobile
Phone Ownership
(%)

Nigeria shows a large gender gap in mobile phone ownership for the general population with 79% of men owning a mobile phone compared to 62% of women in 2017.

Gap in Mobile
Account Usage
(%)

Mobile account usage was relatively higher compared to other countries. In 2017, 7% of the share of men used a mobile account compared to 4% of the share of women, resulting in a 3% gap.