Sanwo-Olu urges Nigerian banks to finance industry
By the AFREEQUE newsroom, based on P.M. News
Lagos Governor Babajide Sanwo-Olu is calling on Nigerian banks to develop financing to promote industrialisation, productivity and job creation. He was speaking at a ceremony organised by the Chartered Institute of Bankers of Nigeria, where 716 professionals received distinctions, according to a report by P.M. News.
Lagos State Governor Babajide Sanwo-Olu is urging recapitalised Nigerian banks to provide more financing for industry and productive investment. He called on them to design long-term credit facilities to support industrial expansion, productivity and employment, speaking on Saturday in Lagos at the investiture ceremony of the Chartered Institute of Bankers of Nigeria (CIBN).
Sanwo-Olu cited manufacturers’ need for machinery and production capacity, as well as the needs of agricultural processors for storage, processing and distribution. He said Lagos would continue to provide the infrastructure and policies businesses need, P.M. News reports.
The ceremony saw 21 new honorary members, 463 Fellows and 232 Honorary Senior Members of the CIBN receive distinctions. Recipients included Samuel Egube, Deputy Chief of Staff to the Lagos State Governor; Tokunbo Talabi, Secretary to the Ogun State Government; and Ibrahim Stevens, Governor of the Bank of Sierra Leone, according to P.M. News.
