Mobile Money Transaction Value Statistics in Nigeria (2026)
According to IMF Financial Access Survey data, annual mobile money transaction value in Nigeria came to 74% of GDP in 2024. Up from 41.4% of GDP in 2023 to 74% of GDP in 2024 (+32.5 percentage points). Nigeria ranks #14 of 34 economies in Sub-Saharan Africa on this measure, and #16 of 66 globally.
Key Statistics
- Latest value (2024)
- 74% of GDP (2024)
- Mobile Money Transaction Value in Nigeria as of 2024, the most recent observation in IMF Financial Access Survey data.
- Change since 2023
- +32.5 pp (2024)
- Up from 41.4% of GDP in 2023 to 74% of GDP in 2024 (+32.5 percentage points).
- Earliest value in this dataset (2012)
- 0% of GDP (2012)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 0% of GDP in 2012 to 74% of GDP in 2024.
- Record high (2024)
- 74% of GDP (2024)
- The 2024 value is the highest in the available IMF Financial Access Survey series for Nigeria.
- Rank in Sub-Saharan Africa
- #14 of 34 (2024)
- Nigeria ranks 14 of 34 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #16 of 66 (2024)
- Nigeria ranks 16 of 66 countries with data globally.
- Sub-Saharan Africa average
- 66.1% of GDP (2024)
- Nigeria (74% of GDP) is above the average of 66.1% of GDP across the 34 countries in Sub-Saharan Africa with data.
- Projected 2026 value
- 97.8% of GDP (2026)
- Projection applies a capped growth rate of 15%/yr — the observed 7-year trend (86%/yr) exceeds our ±15%/yr cap; not an official figure.
- 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 | % of GDP (annual flow) | Change |
|---|---|---|
| 2024 | 74% | +32.5 pp |
| 2023 | 41.4% | +25.3 pp |
| 2022 | 16.1% | +7.4 pp |
| 2021 | 8.7% | −1.0 pp |
| 2020 | 9.7% | +6.7 pp |
| 2019 | 3% | +1.5 pp |
| 2018 | 1.5% | +0.6 pp |
| 2017 | 1% | +0.2 pp |
| 2016 | 0.7% | +0.3 pp |
| 2015 | 0.5% | +0.1 pp |
| 2014 | 0.4% | +0.2 pp |
| 2013 | 0.2% | +0.1 pp |
| 2012 | 0% | — |
Frequently asked questions
What is the latest figure for annual mobile money transaction value in Nigeria?
Annual mobile money transaction value in Nigeria stood at 74% of GDP in 2024, according to IMF Financial Access Survey data.
What could mobile money transaction value in Nigeria look like in 2026?
A trend-based projection puts it at 97.8% of GDP in 2026. Projection applies a capped growth rate of 15%/yr — the observed 7-year trend (86%/yr) exceeds our ±15%/yr cap; not an official figure.
How recent is the mobile money transaction value 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.
Where does the mobile money transaction value data for Nigeria come from?
The data comes from the IMF Financial Access Survey (indicator FA65.POGDP). The latest observation for Nigeria is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: IMF Financial Access Survey, indicator
FA65.POGDP, 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 .