At CIBN Conference, FG Challenges Banks to Do More for Economy

At the 19th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria, President Bola Tinubu challenged banks to deploy more capital towards productive sectors to drive investment and job creation. Central Bank Governor Cardoso noted that no economy can thrive with weak banks and that reforms will soon yield tangible benefits. The World Bank also urged banks to redirect capital towards job-creating sectors and reduce reliance on government securities. The conference highlighted the need for banks to support economic growth beyond balance-sheet expansion.

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