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Increased access to finance for the Nigerian private sector
The Nigerian private sector has seen stronger access to finance in the first half of 2022, with access to credit from Deposit Money Banks (DMBs) at a high of NGN 25.65 trillion. Pre-COVID-19, the private sector received a relatively stable amount of credit. However, in the three years post-pandemic, access to credit from DMBs increased significantly by 14.77%, 34.26%, and 61.31% in H1 2020, H1 2021, and H1 2022, respectively.