78.94% of N18.9trn bank credit in Q2 originated from Lagos – NBS

78.94% of N18.9trn bank credit in Q2 originated from Lagos – NBS

As a geographical entity, Lagos State has again proven correct it given appellation as the economic hub of the country even when it comes to access to credit by Nigerians and corporate entities. According to the National Bureau of Statistics (NBS) in its Nigerian Selected Banking sector data as at Q2 2020 just released, Lagos led other states on the chart of geographical distribution of credit by states. The report revealed that total Geographical Distribution of Credit by State stood at N18.90 trillion compared to N18.56 trillion in Q1 2020…

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