The Chartered Institute of Bankers of Nigeria (CIBN) has been lauded by Vice-President Yemi Osinbajo for its contribution to the growth of the Nigerian banking sector and the private sector.
Osinbajo stated this at the commission of the new Bankers’ House in Abuja on Thursday.
Head, corporate communication and external relations of CIBN, Nelson Olagundoye, released a statement to this effect on Saturday.
The vice-president noted that the banking sector contributed N37.8 trillion in 2018, N42.7 trillion in 2019 and N53.3 trillion in 2020 to the Nigeria’s economy.
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The VP said: “The CIBN’s role in the private sector cannot be overstated. In laying the parameters for professional and ethical conduct, healthy competition, and continuous professional development, it has helped to guide the evolution of a banking industry that has grown to become the envy of the continent,”
He said that Nigeria has six unicorns, tech companies valued at over $ 1 billion, noting that all the companies “started after 2015, and have grown between two recessions”.
“In 2021 African tech startups raised over $4 billion in funding, with over 564 startups across the continent solving critical problems in almost every sector. Nigeria accounted for 35 percent of this,”
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“This is why we put such great premium on the resourcefulness and strength of our private sector.”
