Recapitalisation Will Lift Nigeria’s Private-Sector Credit Above 13% – FCMB MD

Independentng | 04-10-2024 09:16pm |

Nigeria’s private sector faces a significant credit shortfall as domestic lending to the sector is currently just 13% 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 80% of [...]

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