Bank loans to govt rise by 23% in nine months, hit N2.1tn - Punch Newspapers

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Bank loans to government have risen by 22.59 per cent, hitting N2.17tn as of the end of September 2021 from N1.77tn recorded in December 2020.This was contained in the Central Bank of Nigeria report titled, ‘Deposit Money Bank’s sectoral allocation of credit.’

The report further showed that the DMBs’ total loans to the private sector stood at N22.8tn as of September, 2021. The CBN figures also revealed bank loans to real estate sector, finance, insurance and capital market.

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