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CIBN urges banks to deploy fresh capital to MSMEs as Nigeria targets $1 trillion economy
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$1 trillion economySpeaking during the question-and-answer session, Mr Alabi said the recent recapitalisation of banks had provided stronger buffers for their balance sheets.
Equity capital is more expensive than debt capital,” Mr Alabi said.
Mr Alabi said the shift would also advance the CIBN’s impact vision, under which inclusion is one of the Institute’s key priorities.
He argued that increased SME financing would provide benefits beyond the banking industry by creating employment, improving business activity and supporting economic development.
Conference sessionsThe conference will feature three business sessions focused on major challenges and opportunities facing the financial services industry.