Nigerian banks can rank among world’s top 100 – CIBN
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| CIBN President, Mr. Segun Aina |
The President of the Chartered Institute of Bankers of Nigeria (CIBN), Segun Aina, on Friday said that Nigerian banks had the capacity to rank among the top 100 in the world.
Mr. Aina told the News Agency of Nigeria that stakeholders in Nigeria’s banking industry should help indigenous banks to develop services that would enable the industry to compete favourably with those in developed countries.
“It is a challenge to bankers to take the Nigerian banking sector from its `300 plus’ position to the first 100.
“One of the aims of our programmes at the institute is to assist banks to design best practices, garnished with good corporate governance and integrity,” he said.
The CIBN president tasked banks to cooperate with the Central Bank of Nigeria to reach the unbanked population through financial inclusion.
Dipo Fatokun, Director, Banking and Payments System Department, CBN, in February, said that the apex bank would reduce the percentage of unbanked population by 20 per cent.
According to Mr. Fatokun, agitations for financial inclusion are valid as no nation can develop if the majority of its population has no access to financial services.
(NAN)
