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Bank credit to the private industry in Nigeria from 1st to 4th quarter 2021, by sector (in trillion Nigerian naira)

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Source

Release date

October 2022

Region

Nigeria

Survey time period

Q1 to Q4 2021

Citation formats

Bank credit to private industry in Nigeria 2021, by sector

Published by ÌÇÐÄÆƽâ°æ Research Department, Oct 1, 2022
In the fourth quarter of 2021, credit allocated by the bank to the private industry in Nigeria experienced an increase. For instance, the mining and quarrying sector received almost ** trillion Nigerian naira (NGN) (roughly *** billion U.S. dollars), increasing from around **** trillion NGN (*** billion U.S. dollars) in the previous quarter. Among the four sectors considered, the largest credit was allocated to the mining and quarrying sector, followed by the oil and gas sector.
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