President Bola Ahmed Tinubu has declared that Nigeria’s banking sector has grown into a formidable force capable of competing on the global stage. He noted that sustained reforms and industry resilience have positioned the sector as a critical driver of economic growth and international trade.
The President explained that Nigerian banks are now better capitalised, technologically advanced, and increasingly expanding beyond national borders. According to him, these improvements have enhanced their capacity to attract foreign investment and support cross-border financial transactions.
He further described the international expansion of Nigerian financial institutions as a clear sign of the sector’s maturity and rising global relevance. This, he said, aligns with ongoing efforts to strengthen Nigeria’s position in the global economy.
Tinubu reaffirmed his administration’s commitment to deepening financial sector reforms, promoting innovation, and ensuring that Nigerian banks remain competitive and resilient in the global financial system.
