The CBN said in
the Credit Conditions Survey Report, posted on its website, that the credit to
the sector increased in the fourth quarter of 2016.
The bank
attributed the increase in credit availability to some major factors, which
included changing in sector specific risk and brighter economic outlook.
It said others
include improved liquidity conditions and tight wholesale funding conditions.
The CBN said the
demand for secured lending for house purchase increased in fourth quarter of
2016 and was expected to increase further in the next quarter.
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