Don’t concentrate on profits alone, FG tells banks

President Bola Tinubu has urged Nigerian banks to play a more active role in driving economic growth and improving the welfare of Nigerians, rather than focusing solely on profits. Speaking at the 19th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria in Abuja, represented by Finance Minister Taiwo Oyedele, Tinubu emphasized that banks should finance productive sectors of the economy. He noted that a resilient banking system cannot exist indefinitely where businesses struggle to obtain affordable credit.

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