Tinubu urges banks to turn recapitalisation into jobs and production

Nigerian President Bola Tinubu urged banks to ensure recapitalisation produces more than stronger financial institutions. He challenged the sector to direct greater financing toward businesses, production and job creation.

Tinubu said banks and other financial services providers should move beyond traditional financial intermediation. The sector, he argued, must play a larger role in converting macroeconomic stability into broad-based prosperity.