President Bola Tinubu has reaffirmed his administration’s commitment to building a sustainable and globally competitive financial system to allow Nigerian banks and other financial institutions to thrive.
The President, represented by Vice President Kashim Shettima, made the statement on Wednesday during the groundbreaking ceremony for the new state-of-the-art headquarters of First Bank of Nigeria at Eko Atlantic City in Lagos State.
Shettima disclosed this in a statement posted on X.com on Wednesday.
The statement read, “President #officialABAT has said that his administration is working assiduously to create a system that is sustainable and globally competitive, enabling Nigerian banks and other financial institutions to thrive.
“He noted that government policies under his administration are driven by the reality that the nation no longer has the luxury of time to postpone its economic transformation.”
Tinubu who noted that banks can only prosper under a thriving economy, however, pointed out that everything his administration does—and sets out to accomplish—rests on the cooperation and capacity of financial institutions.
“Banks are the engines of economic growth, and we owe it to them to champion a system that guarantees sustainability and global competitiveness.
“Our expectation is for our banks to excel, expand beyond our shores, and earn their place among the world’s most viable and profitable enterprises,” he was quoted as saying.
According to the report, a host of prominent dignitaries and political leaders including the President of the Dangote Group, Alhaji Aliko Dangote, the Chairman of FBN Holdings, Femi Otedola, and former Senate President Bukola Saraki, and governors were among the distinguished guests who attended the event on Wednesday.
