The Central Bank of Nigeria (CBN) has said that it recovered N264.04 billion from borrowers under its development financing programmes in the first six months of 2023.
According to the bank’s half-year economic report for 2023, this was 27.4% higher than the N207.33 billion recovered in the same period of the previous year.
However, Nairametrics observed that the CBN had earlier reported a recovery amount of N471.82 billion in H1 2022, which means that the figures provided by the CBN in the 2023 reports, contradict what was earlier published in the bank’s 2022 half-year report.
CBN gave fewer loans in H1 2023
The apex bank further noted that it reduced the pace of its intervention loans compared to the previous year.