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AfDB Flags Poor Private Sector Credit in Nigeria
  • Economy

AfDB Flags Poor Private Sector Credit in Nigeria

Sandra Williams6 days ago6 days ago02 mins

Commercial banks in Nigeria extend just 9.4 percent of the country’s Gross Domestic Product as credit to the private sector. The African Development Bank revealed the figure in its African Economic Outlook 2026 report, highlighting deep structural flaws in the domestic financial system. This low lending rate places Nigeria among the weakest performers among major…

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Capital Spending Swallows Fraction of Nigeria’s New Debt
  • Nation

Capital Spending Swallows Fraction of Nigeria’s New Debt

Tijesuni Promise2 weeks ago2 weeks ago03 mins

The federal government deployed barely a quarter of its massive N11.89trn new borrowing to build infrastructure, exposing a deep rift between state debt expansion and visible development. Fresh figures from the Budget Office of the Federation reveal that capital projects received just N3.10trn during the first nine months of last year. Meanwhile, the state comfortably…

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Recent Posts

  • NDC Should Beware Of Obi’s Takeover Tactics, Says Abure
  • “Carry His Dream” – Jota’s Widow’s Emotional Plea to Robertson
  • Forget North or South, Choose the Best Leader, Says Baba-Ahmed
  • “Demolish Looters’ Mansions,” Sowore Demands After Oyo Action
  • World Cup 2026: All You Need to Know

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