Alawuba Stresses Responsible Borrowing and Credit Importance for Economic Growth
At the CIBN 60th-anniversary dinner in Lagos, Alawuba highlighted the significance of credit in Nigeria's economic recovery amidst financial strains. He stressed that banks' credit is not a gift but a tool for economic growth, urging responsible borrowing to avoid undermining progress.
Alawuba commended the banking sector's progress in lending to over 10.4 million Nigerians, attributing renewed confidence to ongoing monetary and fiscal reforms. He emphasized the need for deeper structural reforms to achieve sustainable growth towards Nigeria's $1 trillion economy goal.
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