Mobile Money Agents Statistics in Nigeria (2026)
Nigeria recorded mobile money agent density of 17,665.9 per 100,000 adults in 2022, IMF Financial Access Survey data show. Up from 8,180.2 per 100,000 adults in 2021 to 17,665.9 per 100,000 adults in 2022. Nigeria ranks #1 of 35 economies in Sub-Saharan Africa on this measure, and #1 of 58 globally.
Key Statistics
- Latest value (2022)
- 17,665.9 per 100,000 adults (2022)
- Mobile Money Agents in Nigeria as of 2022, the most recent observation in IMF Financial Access Survey data.
- Change since 2021
- +116% (2022)
- Up from 8,180.2 per 100,000 adults in 2021 to 17,665.9 per 100,000 adults in 2022.
- CAGR 2012–2022
- +90.1% per year (2022)
- Compound annual growth rate from 28.7 per 100,000 adults in 2012 to 17,665.9 per 100,000 adults in 2022.
- Earliest value in this dataset (2012)
- 28.7 per 100,000 adults (2012)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 28.7 per 100,000 adults in 2012 to 17,665.9 per 100,000 adults in 2022.
- Record high (2022)
- 17,665.9 per 100,000 adults (2022)
- The 2022 value is the highest in the available IMF Financial Access Survey series for Nigeria.
- Rank in Sub-Saharan Africa
- #1 of 35 (2022)
- Nigeria ranks 1 of 35 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #1 of 58 (2022)
- Nigeria ranks 1 of 58 countries with data globally.
- Sub-Saharan Africa average
- 2,160.7 per 100,000 adults (2022)
- Nigeria (17,665.9 per 100,000 adults) is above the average of 2,160.7 per 100,000 adults across the 35 countries in Sub-Saharan Africa with data.
- Projected 2026 value
- 30,897.8 per 100,000 adults (2026)
- Projection applies a capped growth rate of 15%/yr — the observed 7-year trend (163.8%/yr) exceeds our ±15%/yr cap; not an official figure.
- Registered mobile money agent outlets (number) (2022)
- 22.9 million (2022)
- Related indicator from IMF Financial Access Survey.
- Internet use in Nigeria (2024)
- 41.2% (2024)
- 41.2% of the population in Nigeria used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 232.7 million (2024)
- Nigeria had a population of 232.7 million in 2024 (World Bank); shown for scale only.
Trend, 2012–2022
| Year | per 100,000 adults | Change |
|---|---|---|
| 2022 | 17,666 | +116.0% |
| 2021 | 8,180 | +7649.3% |
| 2020 | 106 | −13.9% |
| 2019 | 123 | +242.3% |
| 2018 | 35.8 | +258.5% |
| 2017 | 10 | −21.4% |
| 2016 | 12.7 | −36.0% |
| 2015 | 19.9 | +3.8% |
| 2014 | 19.1 | −42.7% |
| 2013 | 33.4 | +16.3% |
| 2012 | 28.7 | — |
Frequently asked questions
What is the latest figure for mobile money agent density in Nigeria?
Mobile money agent density in Nigeria stood at 17,665.9 per 100,000 adults in 2022, according to IMF Financial Access Survey data.
How has mobile money agents in Nigeria changed over time?
IMF Financial Access Survey data show a rise from 28.7 per 100,000 adults in 2012 to 17,665.9 per 100,000 adults in 2022.
How does Nigeria compare with other countries in Sub-Saharan Africa?
Nigeria ranks 1 of 35 countries in Sub-Saharan Africa with data, with 17,665.9 per 100,000 adults versus a regional average of 2,160.7 per 100,000 adults (latest values per country).
Where does Nigeria rank globally on mobile money agents?
Nigeria ranks 1 of 58 countries with data globally, based on the latest IMF Financial Access Survey value for each country.
Source & methodology
Source: IMF Financial Access Survey, indicator
FA57N.PHTADLT_NUM, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .