The Chartered Institute of Bankers of Nigeria (CIBN) has emphasized the crucial role of the banking sector in driving sustainable growth, fostering innovation, and ensuring inclusivity in the country.
According to the President and Chairman of Council, Prof. Pius Olarewaju, the banking sector is uniquely positioned to shape the economic destiny of Nigeria.
Olarewaju highlighted the significant contribution of the financial services sector to Nigeria’s GDP growth rate, citing the National Bureau of Statistics report.
He also noted the increasing support of banks for the private sector, as reported by the Central Bank of Nigeria.
The CIBN boss emphasized the need for the banking sector to harness technology and maintain ethical practices to unlock the potential of Nigeria’s human and natural resources.
He stressed the importance of collaboration among stakeholders to address economic challenges and achieve the growth agenda.
The event, themed “Driving National Growth Agenda: The Role of the Banking Sector,” brought together bankers, financial industry leaders, and key stakeholders to discuss the banking sector’s role in economic development.
Speakers emphasized the need for public-private partnership, collaboration, and awareness creation to drive the national growth agenda.
The event also featured the presentation of awards to valued contributors to the banking industry.
Overall, the CIBN emphasized the banking sector’s vital role in driving sustainable growth, innovation, and inclusivity in Nigeria, and called for collective efforts to address economic challenges and achieve the growth agenda.
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