UBA MD Cautions Nigerians on Responsible Borrowing for Economic Progress
Oliver Alawuba, MD of UBA, warned Nigerians at a banking institute event in Lagos to view bank credit as an obligation, not free money. He stressed the importance of responsible borrowing to maintain a healthy financial system amidst Nigeria's economic challenges.
Alawuba highlighted the need for strong risk management and timely repayments to support economic growth. Despite recent economic uncertainties, he noted improvements in the banking sector with increased lending to millions of Nigerians.
Alawuba attributed this progress to renewed investor confidence and ongoing monetary and fiscal reforms.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Alawuba Stresses Responsible Borrowing and Credit Importance for Economic Growth
Nigerian Banks Warn Customers of Holiday Scams; Legal Action Taken in N10 Billion Cyberattack
Unity Bank MD Advocates Lifelong Savings Culture for Nigerian Youths on World Savings Day
UBA's Whitepaper Boosts Digital Economy and Financial Inclusion Amid Recapitalization Drive
Edun Urges Banks to Boost SME Credit Access at CIBN Event in Lagos
CBN Warns Against Illegal Operations of Zuldal Microfinance Bank
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
