CBN’s N75trn Credit Milestone to Private Sector Falls Flat as Productivity Crisis Deepens

By Blaise Udunze Nigeria’s financial system is flashing red, and not because of a scarcity of money. Ironically, the Central Bank of Nigeria (CBN) and the nation’s banking proudly tout a historic rise in private-sector credit, announcing figures hovering around N75 trillion throughout 2024-2025. On paper, this looks like a funding boom, a sign that

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