A recent survey shows that 42 percent of Nigerians believe interest rates on bank loans are rising, with many respondents highlighting high borrowing costs as a major concern.
The findings are contained in the latest Vanguard All‑Africa Poll, which assesses public perceptions of the economy and public sector performance.
The poll covers views on inflation, job conditions and interest rates, among other issues.
According to the poll, 42 percent of respondents said interest rates on bank loans were increasing. The survey covered a representative sample of Nigerian adults across different regions.
Other respondents in the poll cited inflation and unemployment as economic issues of concern.
The poll also showed varied perceptions of government performance on economic management, with respondents expressing differing views on policy outcomes.
