Why South West Got The Highest Loan Share In Nigeria

Why South West Got The Highest Loan Share In Nigeria

In today's Latest Loan News, we will be discussing Why South West Got The Highest Loan Share In Nigeria. So keep reading!

There has been many misunderstanding as to loan percentage share in Nigeria just like this Twitter user who stated that she don't want to tweet out of ignorance! Can someone explain why the southwest got 57% while the whole north couldn't get up to 30% Don't forget this happened under PMB's Administration, she said.

You may want to also check out Link To Apply For SMEDAN Loan Facility

In response to her tweet, another Twitter user clarifies the possible reason Why South West Got The Highest Loan Share In Nigeria by stating that for every loan book in Nigeria, SW has the highest share because they have the highest number of registered and bankable enterprises.

Loans are not grants or FAAC Allocation that you share equitably. Laons are applied by interested entities, appraised and approved or otherwise. Almost all the companies in SW have or can provide the necessary loan requirements.

Business owners in the North depend on equity financing. They hardly apply for loan except few because of the interest segment. The few that apply mostly fail to provide the requirements due to I don't know why.

This should not come as surprise please. If you want to see North on top, we have to change our attitude towards bank loans. The world is revolving. There is no development without business. And in today's world personal equities can not fund and sustain business.

You may want to also check out How To Apply For NMFB Amazon Loan For Women Entrepreneurs