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AfDB flags weak private sector credit in Nigeria

The African Development Bank reports Nigeria's private sector credit at just 9.4% of GDP, hindering business growth. Discover why credit is weak.

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AfDB flags weak private sector credit in Nigeria

AfDB: Nigeria's private sector credit at 9.4% of GDP, among Africa's weakest (Kenya 31.6%, Vietnam 121.6%). Banks favor government securities, constraining tech/infrastructure investments and startup access to growth capital.

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Alliance Report Laments N14tn Credit Contraction to Productive Sector Despite Banks’ Stronger Capital Base

Declares SMEs face N48tn funding gap amid credit squeeze as current lending represents 1% of total bank loans

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lunedì 1 giugno 2026·thisdaylive.com
Alliance Report Laments N14tn Credit Contraction to Productive Sector Despite Banks’ Stronger Capital Base
Declares SMEs face N48tn funding gap amid credit squeeze as current lending represents 1% of total bank loans
mercoledì 3 giugno 2026·punchng.com
AfDB flags weak private sector credit in Nigeria
The African Development Bank reports Nigeria's private sector credit at just 9.4% of GDP, hindering business growth. Discover why credit is weak.