Credit to the government rose by 65.6 per cent year-on-year, YoY, to N39.6 trillion in April 2026 from N23.9 trillion in April 2025, driven by increased borrowing to finance the 2026 budget deficit.
May 27, 2026
•As currency outside banks drops 12% to N5.08tr
By Babajide Komolafe & Elizabeth Adegbesan
Credit to the government rose by 65.6 per cent year-on-year, YoY, to N39.6 trillion in April 2026 from N23.9 trillion in April 2025, driven by increased borrowing to finance the 2026 budget deficit.
The Central Bank of Nigeria, CBN, disclosed this in its latest Money and Credit Statistics.
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