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.
Mr Tinubu, who was represented by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, made the call at the 19th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN) on Tuesday.
The President said while the government’s economic reforms had restored macroeconomic stability and improved investor confidence, the next phase must focus on converting those gains into investment, production, jobs and improved living standards.
“The current phase of our reform journey is accelerating the conversion of stability into investment, investment into production, production into jobs, and growth into improved living standards,” he said.
Chartered Institute of Bankers of Nigeria’s 19th annual conference kicks off in Abuja
