Tinubu urges banks to turn recapitalisation into jobs, production
Chartered Institute of Bankers of Nigeria’s 19th annual conference kicks off in Abuja Banks must finance growth The President also said the recently concluded bank recapitalisation must result in more than larger balance sheets, stressing that it should translate into increased capital formation in the real economy.
President Bola Tinubu has challenged Nigerian banks to shift their focus from financing the government to providing affordable credit to businesses and productive sectors of the economy to drive investment, production and job creation.
He said the government was therefore expanding the architecture of guarantees, risk-sharing, blended finance and credit enhancements, with a National Credit Guarantee Company at its core, to crowd in private capital and support productive investment.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
