Na wah! Nigeria banking sector don dey face serious gbege as non-performing loans (NPLs) don rise reach seven percent, wey don break the prudential limit wey dey sit at five percent, according to wetin Central Bank of Nigeria (CBN) talk.

Dis palava no be small matter as di COVID-19 pandemic don run amok, e cause many people to default on their loans. E be like say di forbearance wey CBN put in place don help dem small-small during di pandemic, but as dem comot am, e clear say na jackpot for bad loans.

For seven big banks alone, NPLs don pass N1.57 trillion. Chai! Na wetin dis banks go take do manage all dis wahala? E fit wan scatter di balance sheets if dem no swift handle am sharply.

CBN no fit just sit down dey look as dis matter dey unfold. Dem don dey raise alarm, cautioning lenders say if dem no handle dis palava well, e fit cause major issues for di entire banking system. E come be like say dis na wake-up call for dem.

Let’s be real, many people don dey shout say Nigeria banks dey too harsh when e come to loan repayments. Even as dem dey try collect di money wey people owe dem, dem no dey remember say some folks don suffer financially. Di balance no dey easy at all.

Some experts dey talk say make banks try repackage di loans, involve more flexible repayment plans, so that na im go help reduce di pressure. If dem fit use better strategy, maybe dis wahala fit reduce small.

Na so e be, while we dey hope say banking sector go recover quick-quick, di reality be say dis NPL saga fit bring major wahala if dem no take am seriously. Make we dey sharp and dey watch di moves dem go make next.