Bank loans to public sector hit N954.27bn in Q1’2020

Nigerian BAnking assets

Bank loans to the different levels of government and the national economy have continued to grow steadily as the banking sector moves to put its non-performing loans under control. The total loans taken by the federal, states and local governments from banks rose to N954.27 billion as of the end of March. The Central Bank of Nigeria (CBN) disclosed this in its report, entitled ‘Quarterly Statistical Bulletin-Commercial and Merchant Bank Accounts,’ which was obtained at the weekend. According to the report, the Federal Government borrowed N93.56 billion while the states…

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