Banks’ credit to manufacturers falls 26.8% to N5.19trn

*… as credit guarantees unlock N47bn *MAN seeks stronger guarantee coverage, N1trn stabilisation fund *Nigeria needs $35bn yearly to industrialise —BoI *Guarantees critical to boosting access to finance — CPPE *FG advocates coordinated financing framework
By Yinka Kolawole
Loans extended by Nigerian banks to the manufacturing sector fell by 26.8 per cent year-on-year to N5.19 trillion in the first half of 2026 (H1’26), from N7.09 trillion in the corresponding period of last year (H1’25).
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This comes as manufacturers grappled with persistent financing constraints and rising operating costs.
The ...