Banks’ loans to the manufacturing sector dropped 26% year-on-year to N8 trillion in February 2025, down from N10.9 trillion, according to the Central Bank of Nigeria.
The CBN’s report also shows a continued monthly decline, with loans falling 2.6% in January and 3.4% in February. The sector’s share of total private-sector credit fell to 13.9% from 17.7% a year earlier.
Overall credit to key sectors dropped to N57.94 trillion, while lending to agriculture and industry rose slightly, signaling ongoing policy support.
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