Credit to Nigeria’s agriculture sector rose to N3.86 trillion in March 2026, according to the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin.
The figure increased from N3.71 trillion in January to N3.81 trillion in February, representing growth of about N150 billion, or 4%, over the first quarter.
The increase came as lending to the oil and gas sector declined. Credit to the sector fell from N10.91 trillion in January to N10.71 trillion in February and N10.58 trillion in March, a reduction of about N335 billion over the period.
Manufacturing also recorded a decline, with credit falling from N6.57 trillion in January to N5.77 trillion in March.
By contrast, power and energy lending increased from N1.30 trillion to N1.61 trillion, while real estate credit rose from N4.67 trillion to N6.29 trillion over the same period.
Total private-sector credit increased from N57.41 trillion in January to N59.74 trillion in March, according to the sectoral credit series.
The figures point to shifts in how lending was distributed among major sectors during the quarter, with agriculture, power and energy, and real estate recording increases while manufacturing and oil and gas declined.
Earlier CBN data also showed that a separate measure of private-sector credit increased to N75.62 trillion in February from N75.24 trillion in January. Net domestic credit rose from N109.43 trillion to N111.40 trillion, while credit to government increased from N34.19 trillion to N35.77 trillion.
The CBN said these measures should be treated separately from the sectoral private-sector credit series.
The lending figures come after the Monetary Policy Committee reduced the Monetary Policy Rate by 50 basis points to 27% in September 2025. The rate was retained in November as the bank sought to balance growth support with inflation control.
