The Federal Government yesterday commended the Central Bank of Nigeria (CBN) for diligently working towards achieving financial system stability in the country.
President Muhammadu Buhari gave the commendation in his address at the 15th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers of Nigeria (CIBN), in Abuja.
The conference is themed: “Repositioning the Financial Services Industry for an Evolving Global Context.”
The president, who was represented by the Minister of Finance and National Planning, Mrs Zainab Ahmed, described the theme as apt in view of the need to constantly adapt to internationally acceptable best practices to improve efficiency and effectiveness of the sector.
He also commended the Nigeria Deposit Insurance Corporation (NDIC), the Security and Exchange Commission (SEC), National Insurance Commission (NAICOM), and other stakeholders for their contributions, and pledged the government’s support to the financial services sector.
Government will ensure that the sector continues to deliver on its mandates while creating value and innovation for its customers.
He said: “Let me seize this opportunity to commend the regulators of the industry (CBN, NDIC, SEC, NAICOM), 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 the 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, the 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.
The conference was attended by stakeholders from both the public and private sectors, including the Speaker of the House of Representatives, Femi Gbajabiamila, and the Lagos State Governor, Babajide Sanwo-Olu, who were both represented. (NAN)
