The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that 32 banks in Nigeria have already met the revised minimum capital requirements under the ongoing recapitalisation programme, marking a major milestone in efforts to strengthen the financial system.
Speaking at the Monetary Policy Forum held in Abuja on Thursday, Cardoso said the progress reflects “commendable” industry compliance and positions the banking sector to better support long-term investment and economic growth.
He added that the programme is central to building a more resilient financial system capable of driving Nigeria’s ambition of becoming a $1 trillion economy.
Speaking at the Monetary Policy Forum held in Abuja on Thursday, Cardoso said the progress reflects “commendable” industry compliance and positions the banking sector to better support long-term investment and economic growth.
He added that the programme is central to building a more resilient financial system capable of driving Nigeria’s ambition of becoming a $1 trillion economy.