President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to building a robust and sustainable financial system, emphasizing his vision for Nigerian banks to expand their dominance beyond national borders and rank among the world’s leading financial institutions.
Thank you for reading this post, don't forget to subscribe!Naija247news gathered that Tinubu made this declaration during the groundbreaking ceremony of First Bank’s new headquarters at Eko Atlantic, Lagos, where he was represented by Vice President Kashim Shettima. The President underscored the critical role of financial institutions in driving economic prosperity and reiterated his government’s determination to foster policies that enhance the global competitiveness of Nigerian banks.
According to Naija247news, Tinubu stated, “Banks are the engines of economic growth. Our goal is to establish a system that ensures their sustainability and global competitiveness. We envision our banks excelling beyond Nigerian shores and solidifying their position among the world’s most successful enterprises.”
Naija247news understands that the President’s vision aligns with his broader economic agenda, which aims to accelerate Nigeria’s economic transformation through strategic policies and institutional reforms. Tinubu stressed that his government is committed to creating an enabling environment for significant investments, fostering financial stability, and positioning Nigeria as a key player in the global financial ecosystem.
Naija247news reports that First Bank’s new headquarters at Eko Atlantic, a multi-billion-dollar smart city project in Lagos, is expected to serve as a symbol of Nigeria’s evolving financial sector and its ambition to compete on the global stage. The project underscores the increasing confidence in Nigeria’s banking industry and its potential to attract international partnerships.
Meanwhile, financial analysts have applauded the government’s stance on strengthening the banking sector, noting that Nigerian banks have already made significant strides in Africa and beyond. Naija247news gathered that institutions like Access Bank, Zenith Bank, and UBA have established strong presences in multiple countries, demonstrating Nigeria’s growing influence in global finance.
According to Naija247news, stakeholders in the banking and investment sectors have urged the government to back its vision with concrete policies that promote financial inclusion, enhance regulatory frameworks, and facilitate access to capital for businesses.
As Tinubu’s administration pushes forward with its economic agenda, observers believe that Nigeria’s financial institutions could play a pivotal role in driving regional and global economic integration, further strengthening the country’s position as a financial hub in Africa and beyond.
