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Bank Loans to FG, Private Sector Totaled N15.5tr in 11 Months

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Bank Loans to FG, Private Sector Totaled N15.5tr in 11 Months

The Central Bank of Nigeria (CBN) has statistics that show that overall credit to the Nigerian economy, comprising the Federal Government and the private sector, increased to a staggering N15.48 trillion between January and November 2022, despite the country’s economic fragilities. Credit to the domestic economy plays a significant role in the economy’s growth as
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