Sanusi: Nigerian Banking System Now Stable

The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has said the Nigerian banking system is now stable and well positioned to stimulate growth and development of the economy. Sanusi also said that the CBN would be adopting a strategic approach to increase financial inclusion in the system to 70 percent as against the current level of 36 per cent, even as he declared that the apex bank had been keen on increasing the impact of the banking system on the economy.

He made these remarks at the end of the 3rd Bankers’ Committee Annual Retreat in Calabar, Cross Rivers State. According to him, the banking industry agenda for 2012 would be to address outstanding issues relating to the restoration of the balance sheet of banks, entrenching corporate governance, avoiding build-up of non-performing loans and encouraging lending to the agricultural sector, amongst others.


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