To begin with, The National Bureau of Statistics (NBS) says the Nigerian banking sector allocated N15.13 trillion as the total value of credit to the private sector in the second quarter (Q2) 2019.
The NBS figures, contained on its “Selected Banking Sector Data: Sectoral Breakdown of Credit, e Payment Channels and Staff Strength (Q2 2019)’ was released on its website on Sunday in Abuja.
It said that of the amount, the oil and gas and manufacturing sectors as a result of this got credit allocation of N3.33 trillion and N2.32 trillion, recording the highest credit allocation.
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