Bank Loans to Government Rises

Bank loans to government have risen by 22.59 per cent, hitting N2.17tn as of the end of September 2021 from N1.77tn recorded in December 2020.

This was contained in the Central Bank of Nigeria report.

According to the figures, bank loans to the government rose from N1.88tn as of the end of March 2021 to N2.03tn in June 2021, and N2.12tn in August 2021.

The CBN figures also revealed bank loans to real estate sector, finance, insurance and capital market.