We’ll support Nigeria’s economy, Bankers tell Shettima


By Mathew Dadiya

The Chartered Institute of Bankers of Nigeria (CIBN) Thursday, visited Vice President Kashim Shettima at the Presidential Villa, Abuja, and pledged to contribute to national development, especially in the agricultural and manufacturing sectors.

This was even as the Vice President used the opportunity to share his vision and how they can work together.

Shettima talked about digital education, which is very important and we assured him that the Chartered Institute of Bankers will identify with the key initiatives in that area especially in the financial and economic sectors of our country.”

Mr Ken Okpara, President of the Chartered Institute of Bankers of Nigeria, pledged when he led the leader of the Bankers Institute on a courtesy visit to the Vice President.

Okpara said the slowdown in economic activities was responsible for the depletion in the banking sector’s contribution to the nation’s GDP but that tide is already changing.

“Essentially the banking sector represents the engine of growth and that is very important. They serve as catalysts for economic growth. What you saw with the growth in terms of our GDP contribution is what happened during the last quarter when there was a slowdown in economic activities.

“But what we are seeing now is that banks are also deepening access to financial support, especially to the key sectors like agriculture, manufacturing, small businesses, and infrastructure.

‘So, we are going to see growth in the financial system as we move on, especially before the end of this financial year,” he assured Nigerians.

The CIBN president also highlighted other areas of collaboration between the Nigerian government and the Chartered Institute of Bankers.