Quote from Ndubuisi Ekekwe on July 5, 2021, 10:02 PM

Bank lending to private sector companies in Nigeria is improving, according to the latest data from the Central Bank of Nigeria: "Banks credit to Nigeria’s private sector increased by N1.29 trillion in the first quarter of 2021 to stand at N31.44 trillion. This is according to data obtained from the Central Bank of Nigeria (CBN). This is in line with the CBN’s continued effort to compel Banks to boost their credit to the real sector of the economy so as to stimulate Nigeria’s economic growth. According to the analysis of the data from the apex bank, credit to the private sector increased from N30.15 trillion recorded as of December 2020 to N31.44 trillion as of the end of March 2021.