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.

Nigerian President Bola Tinubu has called on the country's banking and financial services sector to leverage ongoing recapitalisation efforts to boost business financing, production, and job creation. Speaking on the state of the economy, he urged banks to move beyond traditional financial intermediation, arguing that recent macroeconomic stability must now translate into broad-based prosperity for Nigerians, according to Premium Times.

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.

The Body of Bank Chief Executive Officers in Nigeria said the N120 billion invested by four financial institutions in infrastructure and technology in the first quarter of 2026 is aimed at building a more resilient economy. According to Leadership, the body's chairman, Oliver Alawuba, made the remarks at the 19th Chartered Institute of Bankers of Nigeria event, highlighting the sector's commitment to strengthening economic stability through technology spending.

President Bola Ahmed Tinubu on Tuesday reaffirmed the Federal Government's commitment to converting the gains of its economic reforms, which he said have brought stability, into investments, increased production and job opportunities for Nigerians. He made the remarks while speaking at the 19th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers of Nigeria (CIBN), according to Tribune Online.