Newly published data from the Nigerian Bureau of Statistics illustrates that the Real Estate and Construction sectors accounted for 9.07% of banking sector credit in Q2:2017.

Of the N15.7tr extended by the banks during Q2:2017, ₦795bn (5.06%) was for the real estate sector while ₦631m (4.01%) was for the the construction sector. Quarter on Quarter growth rates for the all banking sector credit has been contracting since Q4:2016 as the effects of the recession continue to take its toll on the economy.