NEWS: Private Sector Loans Rose to N76 Trillion in 2024, Up 27% From 2023

Private Sector Loans Rose to N76 Trillion in 2024, Up 27% From 2023

The 2024 CBN Economic Report has revealed that Credit to Private Sector amounted to N76 trillion in 2024, an impressive 27% growth from 2023The report also showed that government borrowings from Nigerian banks also increased by more than 50% from 2023Experts predict that the private sector loans will continue to go up in the short term but may slow down over time due to MPC policies

Henzodaily.ng journalist Ruth Okwumbu-Imafidon has over a decade experience in business reporting across…

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