Private Sector Credit in Nigeria increased to 22723726.11 NGN Million in October from 22560470.56 NGN Million in September of 2018. Private Sector Credit in Nigeria averaged 9466880.46 NGN Million from 2000 until 2018, reaching an all time high of 23069635.07 NGN Million in October of 2016 and a record low of 440872.30 NGN Million in January of 2000.
Private Sector Credit in Nigeria is expected to be 24769687.42 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Private Sector Credit in Nigeria to stand at 23010096.02 in 12 months time. In the long-term, the Nigeria Private Sector Credit is projected to trend around 31091401.00 NGN Million in 2020, according to our econometric models.