Private Sector Credit in Nigeria Declines to N75.8 Trillion - CBN Data Reveals

The credit to Nigeria's private sector dropped to N75.8 trillion in August 2025, marking the fifth consecutive decline in lending to businesses and individuals. The Central Bank of Nigeria (CBN) reported a downward trend in credit allocation since April 2025, raising concerns about liquidity constraints and reduced lending appetite amid challenging economic conditions.

The CBN's data highlighted a consistent decline in credit flow to various sectors, including manufacturing, general commerce, and oil and gas. This trend underscores the need for strategic measures to stimulate credit access and support economic growth in the private sector.