2019-07-04 | BSD/DIR/GEN/MDD/01/045

Regulatory Measures to Improve Lending to the Real Sector of the Nigerian Economy

The Central Bank of Nigeria has implemented regulatory measures to boost lending to the country's real sector and stimulate economic growth. Commercial banks are now required to maintain a minimum Loan-to-Deposit Ratio (LDR) of 60% by September 30, 2019, with a focus on encouraging lending to SMEs, retail, mortgage, and consumer sectors. Failure to meet this LDR will result in additional cash reserve requirements.

Nigeria

Central Bank of Nigeria

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