Nigeria's Financial Sector GDP Slumps to N1.65trn in Q2 2025 - CBN Tightening Impact
The financial sector's contribution to Nigeria's GDP dropped to N1.65 trillion in Q2 2025 due to the Central Bank of Nigeria's monetary tightening measures. This marked a 2% decline from the previous quarter.
The CBN's efforts to strengthen the financial system through bank recapitalization and digital payment advancements attracted foreign investments. The apex bank aims to support economic growth and achieve a Naira stability.
Analysts attribute the slowdown to the CBN's policies, including liquidity tightening to address inflation. The National Bureau of Statistics reported the decline.
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