Tinubu Urges Banks to Boost Manufacturing Sector Funding at CIBN Conference

At the Chartered Institute of Bankers of Nigeria (CIBN) Conference, President Bola Tinubu urged the banking sector to increase funding to the manufacturing sector and support digital innovations. Tinubu emphasized the importance of boosting the manufacturing sector's contribution to the GDP, especially after recent re-basing exercises.

He commended the Central Bank of Nigeria (CBN) for its policies that have stabilized the foreign exchange market and increased external reserves. The banking sector has raised significant capital to strengthen balance sheets, with domestic credit to the private sector reaching N82 trillion in 2025.

Tinubu's call for increased support aims to enhance economic growth and stability.