FCMB Boss: Recapitalisation To Lift Private Sector Credit Above 13%

Nigeria’s private sector faces a significant credit shortfall as domestic lending to the sector is currently just 13 per cent of Gross Domestic Product (GDP), far below the global average. This gap presents a major challenge to the country’s economic growth, especially compared to countries with trillion-dollar economies, where private sector lending typically hovers around...The post FCMB Boss: Recapitalisation To Lift Private Sector Credit Above 13% first appeared on New Telegraph.The post FCMB Boss: Recapitalisation To Lift Private Sector Credit Above 13% appeared first on New Telegraph.

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