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By Kadiri Abdulrahman
Abuja, Dec. 31, 2020 The Central Bank of Nigeria (CBN), says Nigerian households will most likely have improved access to credit beginning from the first quarter of 2021.
This is according to the Credit Condition Survey Report, released by the Statistics Department of the apex bank.
The survey indicated that the increase already occurred in the last quarter of 2020.
It sated that changing economic outlook and increased market share objectives which were major factors responsible for the increase in supply of secured credit would most likely continue into the first quarter of 2021.
It also projected increase in availability of credit for the corporate sector.