Bank loans to government have risen by 22.59 per cent, hitting N2.17 trillion as of the end of September 2021.
The loans rose from N1.77 trillion recorded in December 2020, representing a N400 billion increase within the nine-month period.
The figures were released in the Central Bank of Nigeria report titled, ‘Deposit Money Bank’s sectoral allocation of credit.’
The CBN figures also revealed bank loans to real estate sector, finance, insurance and capital market.
The data also showed the amounts of bank loans to other sectors such as industries, agriculture, mining and quarrying, manufacturing, oil and gas, power and energy. Others sectors include construction, trade and general commerce.
Others sectors include education, oil and gas, power and energy, information and communication, transportation and storage and other general businesses.
