NGNigeria's consumer credit decreased by 19.89% to N3.78tn in 2025, marking the first decline in six years, according to the Central Bank of Nigeria (CBN). This drop followed a sustained growth trend since December 2019 and was primarily due to high interest rates reducing household borrowing. While personal loans fell, retail lending saw significant growth, increasing by 63.77% to N1.94tn and becoming the largest component of consumer credit. The CBN noted that consumer credit now accounts for 6.60% of total private sector credit, down from 7.98% the previous year. Additionally, the composition of bank loans shifted, with short-term credit maintaining dominance but declining in share, while long-term credit rose substantially.
Bias read (Center): The article presents factual data from the Central Bank of Nigeria regarding economic trends in consumer credit without overtly favoring any political ideology. It reports on economic indicators and shifts in financial behavior without commentary on political policies or parties, thus maintaining a
