Federal finance and statistics / National Bureau of Statistics

Selected Banking Sector Data (Q1 - Q4 2021)

Executive Summary The total credit allocated to the private sector in Q1 2021 stood at N62.28 trn. The top three credit allocations went into the oil & gas industrial sector, manufacturing sector, and the general service sector with N11.97trn (19.22%), N9.82trn (15.77%), and N5.55trn (8.92%) respectively. Similarly, in Q2 2021, total credit allocation increased by 5.64% to N65.79trn, with the top three allocations to the oil & gas industrial sector, manufacturing sector, and general service sector recorded at N12.34trn (18.75%), N10.83trn (16.46%) and N6.24trn (9.48%) respectively. The Q3 2021…