The Association of Corporate Affairs Managers of Banks (ACAMB) has highlighted the crucial role of recapitalisation and financial inclusion in boosting Nigeria’s economic growth.
The Association made this known at the Olumo ’25 National Retreat in Abeokuta, Ogun State, which brought together industry experts and policymakers.
ACAMB President Rasheed Bolarinwa stated that the recent recapitalisation exercise is a significant step towards creating stronger, more trusted, and inclusive banks that can support Nigeria’s $1 trillion economy ambition.
He emphasised that the focus should not only be on balance sheet growth but also on brand resilience and expanding financial inclusion for MSMEs, women-led enterprises, and the unbanked in rural areas.
CBN Deputy Governor Philip Ikeazor noted that the recapitalization policy is a bold move towards creating a more resilient and inclusive financial system.
He emphasised that banks should leverage their stronger capital bases to expand credit to MSMEs, enhance financing for marginalized groups, and invest in digital innovation and artificial intelligence.
Ikeazor stressed that the goal of recapitalisation is not to create bigger banks but better banks that are safe, sound, well-governed, innovative, and inclusive.
He added that a stronger capital base should lead to tangible outcomes such as increased credit to MSMEs, enhanced financing for marginalised groups, and greater investment in technology-driven solutions that improve financial inclusion.
The CBN’s Recapitalisation directive aims to strengthen the banking sector by setting new minimum capital requirements.
The directive requires international banks to have a minimum capital of ₦500 billion, national banks ₦ banks ₦200 billion, and regional banks ₦50 billion. This move is expected to enhance the sector’s stability and competitiveness.
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