August Nigeria Economic Update
Thoughts on the new LDR policy, maturing CBN bills, milk and demand management, the new ministers, and the AFCFTA
Loan to Deposit Ratio Targets and the CBN’s efforts to boost lending.
Credit to the private sector has been flat over the last few years and declining in real terms. Banks simply seem not willing to take too many risks. The banking sector, as I mentioned in my last economic update seems to be in something of a depression based on the GDP numbers. Perhap…