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.

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.

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.

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.

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.

Former Vice President Atiku Abubakar has criticised President Bola Tinubu's administration over N24.7 trillion in domestic borrowing, arguing that the debt is choking Nigerian businesses. According to Legit.ng, Atiku questioned the rationale for the borrowing at a time of higher oil prices and rising government revenues, suggesting the government's fiscal approach is placing undue pressure on the private sector and the wider economy.