Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has urged banks to utilize the over N4.6 trillion raised from the recent banking sector recapitalisation to invest in productive sectors. This initiative aims to create jobs, support businesses, and enhance foreign exchange earnings. The recapitalisation exercise concluded on March 31, 2026.

President Bola Tinubu has urged Nigerian banks to provide affordable credit to businesses following the ongoing bank recapitalisation exercise, according to Punch. He emphasized that stronger, recapitalised banks should prioritise lending that drives economic growth rather than merely achieving bigger balance sheets. The call reflects the administration's push for the financial sector to support enterprise development and broader economic expansion in Nigeria.

Commercial bank credit to Nigeria's manufacturing sector has decreased by N1.92 trillion, attributed to funding gaps and high lending rates that are hindering access to finance for manufacturers, according to Punch.

The World Bank has identified Nigeria's primary fiscal challenge as weak revenue mobilisation rather than high levels of debt. Mathew Verghis, the World Bank Country Director for Nigeria, emphasized the need for the government to focus on enhancing revenue generation to foster sustainable economic growth during an interview on Channels Television.

According to the Manufacturers Association of Nigeria (MAN), commercial bank credit to Nigeria's manufacturing sector fell by 22.5% in 2025. This decline has raised concerns regarding the potential impact on industrial growth and job creation in the country.

Nigerian President Bola Tinubu has urged the country's banks to rethink their approach to risk and take a more active role in driving economic growth and improving citizens' welfare. Speaking on the issue, he argued that strong profits alone are no longer sufficient, calling on financial institutions to look beyond earnings and contribute more directly to national development, according to Vanguard News.