CIBN unveils MSME Forum, targets finance hubs
- ✦He noted that the banking industry had mobilised N4.65tn in fresh capital, with 33 banks meeting the new capital requirements, providing a stronger foundation for financing economic growth.
- The Chartered Institute of Bankers of Nigeria has called for stronger collaboration among banks, government, regulators, development finance institutions and private investors to ensure that the N4.65tn raised through Nigeria’s banking sector recapitalisation translates into productive investment, industrial expansion and business growth.
- The need to bridge the gap between stronger bank capital and access to productive-sector financing was a central focus of the keynote address delivered by Dr Aduloju.
- He noted that the banking industry had mobilised N4.65tn in fresh capital, with 33 banks meeting the new capital requirements, providing a stronger foundation for financing economic growth.
The Chartered Institute of Bankers of Nigeria has unveiled its MSME Forum, calling for collaboration to ensure the N4.65tn bank recapitalisation funds grow
Frequently Asked Questions About This Story
What is the latest development regarding Lagos State?
The Chartered Institute of Bankers of Nigeria has called for stronger collaboration among banks, government, regulators, development finance institutions and private investors to ensure that the N4.65tn raised through Nigeria’s banking sector recapitalisation translates into productive investment, industrial expansion and business growth.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Lagos State, Central Bank of Nigeria, Lekki.
What timeline or key figures were confirmed?
The call was made at the Institute’s 2026 Fellowship Investiture, held on 31 October, 2026, in Lagos, where the President and Chairman of Council, CIBN, Dr Dele Alabi, Lagos State Governor, Mr Babajide Sanwo-Olu, and the Chief Executive Officer of the Nigerian Economic Summit Group, Dr Tayo Aduloju, examined the opportunities and challenges of deploying stronger bank capital to drive Nigeria’s industrial transformation.
