CIBN Urges Banks to Invest N4.65trn in MSMEs

The Chartered Institute of Bankers of Nigeria (CIBN) has called on banks to deploy the N4.65 trillion raised through a recapitalisation exercise to support Micro, Small and Medium-sized Enterprises (MSMEs) and stimulate economic growth. This recapitalisation, which concluded on March 31, 2026, involved 33 lenders meeting new capital requirements set by the Central Bank of Nigeria (CBN).

CIBN President Dele Alabi stated that while recapitalisation strengthens banks against economic shocks, it is crucial for banks to strategically utilize this capital. He highlighted the need for increased lending to MSMEs, which are vital for economic activity and employment.

Alabi announced that CIBN would implement initiatives to enhance MSMEs' access to finance, including forums for direct engagement with banks and SME clinics to address growth challenges. He emphasized the necessity of creating an enabling environment for MSMEs to thrive, particularly in light of the upcoming CIBN 19th Annual Banking and Finance Conference, themed “Building a Resilient Economy in an Era of Disruption.”.