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 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.

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.

The World Bank has warned that Nigeria's financial system is failing to direct enough credit to businesses with the greatest potential to create jobs. According to Premium Times, a World Bank official urged banks and development finance institutions to redirect capital towards productive sectors of the economy, saying current lending patterns are bypassing the country's key job creators.

A member of the Monetary Policy Committee (MPC) has called on the Central Bank of Nigeria (CBN) to implement further actions aimed at lowering lending rates for both households and businesses. This appeal comes in the context of recent recapitalization efforts within the banking sector.