Nigeria’s banking sector has expanded credit allocation over the past five years, but the distribution of that lending shows where capital is being deployed and where financing gaps remain across the economy.
Data on the Deposit Money Banks' (DMBs) credit to the private sector by the Central Bank of Nigeria (CBN) revealed that total credit rose to N730.2 trillion in 2025, representing a 173.4 percent increase from N267.1 trillion in 2021.
In 2022, it rose to N325.3 trillion; in 2025 (N432.8 trillion and in 2024 (N689,9 trillion), respecti
