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The Chartered Institute of Bankers of Nigeria (CIBN) has affirmed that the ongoing bank recapitalisation efforts will significantly enhance Nigeria’s Gross Domestic Product (GDP). During the institute’s second induction ceremony for 741 new members in Lagos, CIBN President Prof. Pius Olarenwaju emphasized that the initiative would strengthen the banking sector, improve lending capacities, attract foreign investments, and enhance the overall resilience of the financial system.
Prof. Olarenwaju highlighted the importance of adopting new technologies and maintaining professionalism, integrity, and ethics in banking to build trust and support economic growth. He also outlined his six-point “LEGACY Agenda,” focusing on entrenching these values within the sector.
Olarenwaju expressed confidence that a stronger capital base for banks would enable them to better support various sectors of the economy, ultimately contributing to GDP growth. He congratulated the new inductees, including participants from several African countries, and urged them to embrace continuous learning and professionalism in their careers.
