CIBN urges banks to deploy fresh capital to MSMEs as Nigeria targets $1 trillion economy
The conference, themed “Building a Resilient Economy in an Era of Disruptions: Strategic Imperatives for the Banking and Financial Services Industry,” will bring together policymakers, regulators, financial institutions, development partners, technology innovators, academics and business leaders to deliberate on the future of the banking and financial services industry.
The Chartered Institute of Bankers of Nigeria (CIBN) has called on Nigerian banks to deploy their recently raised capital towards financing micro, small and medium-sized enterprises (MSMEs), saying increased lending to the sector is critical to achieving stronger economic growth and Nigeria’s ambition of building a $1 trillion economy.
Mr Oseni said the sessions were designed to address the most pressing issues facing the banking and financial services industry, while exploring strategies to strengthen financial stability, improve cybersecurity and risk management, and accelerate innovation to support sustainable economic growth.
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