Nigeria's Private Sector Credit Hits N72.5 Trillion, Government Borrowing Rises to N24.16 Trillion

The private sector credit in Nigeria has reached N72.5 trillion as of September 2025, with fluctuations throughout the year but maintaining an overall upward trend. On the other hand, government borrowing has increased steadily, reaching N24.16 trillion in September.

The Central Bank of Nigeria's report highlights the impact of recent rate cuts and fiscal consolidation efforts on credit dynamics. Analysts attribute the decline in private sector credit in September to portfolio adjustments and lower credit demand from corporations.

The government's borrowing trend reflects renewed fiscal activities heading into the final quarter of the year, signaling a move towards fiscal discipline.