Nigerian adults with bank accounts rise 45% — World Bank


The World Bank has said, that the proportion of Nigerians holding accounts at regulated institutions—such as banks, credit unions, microfinance organizations, post offices, or mobile money service providers—rose from 16% to 45% in 2021. According to the world bank, from 51% in 2011 to 76% in 2021, global account ownership climbed by 50%. Nigeria’s account ownership growth increased from 30% to 45% throughout the time period under consideration.


This information was provided by the bank in a paper titled “The Global Findex Database 2021: Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19.” Overall account ownership in emerging economies increased by 30 percentage points, from 42% in, according to the report.


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