Mobile Money Transactions Statistics in Nigeria (2026)
According to IMF Financial Access Survey data, mobile money transaction volume in Nigeria came to 126,325.2 per year per 1,000 adults in 2024. Up from 80,813.4 per year per 1,000 adults in 2023 to 126,325.2 per year per 1,000 adults in 2024. Nigeria ranks #15 of 38 economies in Sub-Saharan Africa on this measure, and #16 of 72 globally.
Key Statistics
- Latest value (2024)
- 126,325.2 per year per 1,000 adults (2024)
- Mobile Money Transactions in Nigeria as of 2024, the most recent observation in IMF Financial Access Survey data.
- Change since 2023
- +56.3% (2024)
- Up from 80,813.4 per year per 1,000 adults in 2023 to 126,325.2 per year per 1,000 adults in 2024.
- CAGR 2012–2024
- +104.6% per year (2024)
- Compound annual growth rate from 23.5 per year per 1,000 adults in 2012 to 126,325.2 per year per 1,000 adults in 2024.
- Earliest value in this dataset (2012)
- 23.5 per year per 1,000 adults (2012)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 23.5 per year per 1,000 adults in 2012 to 126,325.2 per year per 1,000 adults in 2024.
- Record high (2024)
- 126,325.2 per year per 1,000 adults (2024)
- The 2024 value is the highest in the available IMF Financial Access Survey series for Nigeria.
- Rank in Sub-Saharan Africa
- #15 of 38 (2024)
- Nigeria ranks 15 of 38 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #16 of 72 (2024)
- Nigeria ranks 16 of 72 countries with data globally.
- Sub-Saharan Africa average
- 118,786.3 per year per 1,000 adults (2024)
- Nigeria (126,325.2 per year per 1,000 adults) is above the average of 118,786.3 per year per 1,000 adults across the 38 countries in Sub-Saharan Africa with data.
- Projected 2026 value
- 167,065.1 per year per 1,000 adults (2026)
- Projection applies a capped growth rate of 15%/yr — the observed 7-year trend (125.5%/yr) exceeds our ±15%/yr cap; not an official figure.
- Mobile money transactions during the reference year (number) (2024)
- 17,337,971,996 per year (count) (2024)
- 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, 2012–2024
| Year | transactions per year per 1,000 adults | Change |
|---|---|---|
| 2024 | 126,325 | +56.3% |
| 2023 | 80,813 | +443.4% |
| 2022 | 14,871 | +55.8% |
| 2021 | 9,545 | +51.8% |
| 2020 | 6,287 | +136.9% |
| 2019 | 2,654 | +224.3% |
| 2018 | 819 | +92.4% |
| 2017 | 426 | −1.3% |
| 2016 | 431 | +4.2% |
| 2015 | 414 | +54.1% |
| 2014 | 268 | +69.5% |
| 2013 | 158 | +574.6% |
| 2012 | 23.5 | — |
Frequently asked questions
What is the latest figure for mobile money transaction volume in Nigeria?
Mobile money transaction volume in Nigeria stood at 126,325.2 per year per 1,000 adults in 2024, according to IMF Financial Access Survey data.
How does Nigeria compare with other countries in Sub-Saharan Africa?
Nigeria ranks 15 of 38 countries in Sub-Saharan Africa with data, with 126,325.2 per year per 1,000 adults versus a regional average of 118,786.3 per year per 1,000 adults (latest values per country).
Where does Nigeria rank globally on mobile money transactions?
Nigeria ranks 16 of 72 countries with data globally, based on the latest IMF Financial Access Survey value for each country.
What could mobile money transactions in Nigeria look like in 2026?
A trend-based projection puts it at 167,065.1 per year per 1,000 adults in 2026. Projection applies a capped growth rate of 15%/yr — the observed 7-year trend (125.5%/yr) exceeds our ±15%/yr cap; not an official figure.
How recent is the mobile money transactions data for Nigeria?
The most recent observation is from 2024. IMF Financial Access Survey data is reported with a lag, so 2024 is the latest available year for Nigeria.
Source & methodology
Source: IMF Financial Access Survey, indicator
FA66N.PTADLT_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 .