Buhari Commends CBN, NDIC, Others For Maintaining Financial System Stability

President Muhammadu Buhari , has commended the Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation, stock (NDIC) and other financial stakeholders for diligently working towards achieving financial system stability in the country

Speaking at the 15th Annual Banking and Finance Conference themed, “Repositioning the Financial Services Industry for an Evolving Glocal Context”, Buhari said the theme was apt in view of the need to constantly adapt to internationally acceptable best practices to improve the efficiency and effectiveness of the sector.

The conference, which is organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja, was also attended by stakeholders from both the public and private sectors, including the Speaker of the House of Representatives, Mr Femi Gbajabiamila and the Lagos State Governor, Mr Babajide Sanwo-Olu, who were both represented.

The president, who was represented at the event by the Minister of Finance and National Planning, Mrs Zainab Ahmed, also commended the Security Exchange Commission (SEC), National Insurance Commission NAICOM, and other stakeholders for their contributions.

He pledged the government’s support to the banking and financial sector of the country.

“Let me seize this opportunity to commend the regulators of the industry, CBN, NDIC, SEC NICOM for their diligent work which has ensured financial system stability in the country over the years. I wish to also assure the entire banking and finance community that government will continue to support the industry in all appropriate ways. Government will ensure that the sector continues to deliver on its mandates while creating value and innovation for its customers,” he said.

The president called on Nigerians to exploit the country’s comparative advantages for economic growth and prosperity.

“We need a Nigeria of the future that harnesses her strengths, competences and cultural diversity to tackle the challenges that plague her people. From climate change to pandemics, and insecurity. Government will continue to formulate and implement policies that are aimed at promoting self-sustenance in critical areas such as energy, agriculture, health, technologies,” he said.