Nigeria's IFC, private nonguaranteed (NFL, current US$) was US$102.35 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 689.61% from US$12.96 million in 2014 (22.95% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$102.35 million | 2024 |
| Five years earlier | −US$103.41 million | 2019 |
| Ten years earlier | US$12.96 million | 2014 |
| Highest | US$278.14 million | 2020 |
| Lowest | −US$103.41 million | 2019 |
| Average since 2015 | US$45.66 million | 2015–2024 |
| First recorded | US$0 |
What the numbers say
In 2024, Nigeria's IFC, private nonguaranteed (NFL, current US$) rose US$51.05 million on 2023 (from US$51.3 million to US$102.35 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$1.71 million and a typical year strayed about US$150.85 million from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$381.55 million in 2020 and the biggest yearly fall was US$341.2 million in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Nigeria had the 19th highest value of the 119 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Nigeria | US$102.35 million | 2024 |
| World | US$5.8 billion | 2024 |
| Sub-Saharan Africa | US$590.2 million | 2024 |
| Lower middle income | US$3.01 billion | 2024 |
Closest to Nigeria in the 2024 ranking
What this measures
Nonguaranteed long-term debt privately placed from the International Finance Corporation (IFC). Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | IFC, private nonguaranteed (NFL, current US$) |
|---|---|
| 2024 | 102,349,743 |
| 2023 | 51,303,773 |
| 2022 | 3,577,051 |
| 2021 | -63,062,151 |
| 2020 | 278,138,324 |
| 2019 | -103,412,060 |
| 2018 | 90,534,462 |
| 2017 | -94,814,403 |
| 2016 | -33,680,249 |
| 2015 | 225,673,115 |
| 2014 |
IFC, private nonguaranteed (NFL, current US$) in nearby economies
- Angola — US$0 (2024)
- Benin — US$41.44 million (2024)
- Botswana — US$12.43 million (2024)
- Burkina Faso — US$33.88 million (2024)
- Burundi — US$7.5 million (2024)
- Cabo Verde — US$925,051 (2024)
- Cameroon — US$23.92 million (2024)
- Central African Republic — US$0 (2024)
- Chad — US$116.76 million (2024)
- Comoros — −US$3.45 million (2024)
More economic policy & debt data for Nigeria
- Total reserves, including gold (current US$) — US$46.02 billion (2025)
- Total reserves, excluding gold (current US$) — US$43.01 billion (2025)
- GDP (current US$) — US$290.79 billion (2025)
- GDP (current LCU) — 441.54 trillion (2025)
- GDP (constant 2015 US$) — US$562.59 billion (2025)
- GDP (constant LCU) — 226.52 trillion (2025)
- GDP per capita (current US$) — US$1,224 (2025)
- GDP per capita (current LCU) — 1.86 million (2025)
- GDP per capita (constant 2015 US$) — US$2,369 (2025)
- GDP per capita (constant LCU) — 953,654 (2025)
- GDP (annual % growth)
Reading data like this
Questions people ask
- What is Nigeria's IFC, private nonguaranteed (NFL, current US$)?
- US$102.35 million in 2024, according to the World Bank (World Development Indicators).
- How does Nigeria rank?
- 19th highest of 119 economies with data for 2024.
- Is the latest change in IFC, private nonguaranteed (NFL, current US$) unusual for Nigeria?
- In 2024, Nigeria's IFC, private nonguaranteed (NFL, current US$) rose US$51.05 million on 2023 (from US$51.3 million to US$102.35 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$1.71 million and a typical year strayed about US$150.85 million from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB).
Source
World Bank, World Development Indicators, indicator DT.NFL.NIFC.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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