Money in Nigeria
In the year 2024, the money in Nigeria was 43.77%, compared to 20.55% in 2014 and 52.30% in 2023. It averaged 20.59% over the last decade. For more monetary base information, visit our dedicated page.
Nigeria Money Supply Chart
Note: This chart displays Money (annual variation in %) for Nigeria from 2024 to 2023.
Source: Macrobond.
Nigeria Money Supply Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Money (ann. var. of M2 %) | 6.3 | 31.4 | 17.5 | 16.5 | 52.3 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Nigerian money supply projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable money supply forecast available for Nigerian money supply.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Nigerian money supply projections.
Want to get access to the full dataset of Nigerian money supply forecasts? Send an email to info@focus-economics.com.