ACAMB President, Mr. Rasheed Bolarinwa
,The Association of Corporate Affairs Managers of Banks (ACAMB) has reiterated that the ongoing banking recapitalization exercise will serve as a powerful catalyst for strengthening Nigeria’s financial system, promoting financial inclusion, and propelling the nation toward its $1 trillion economic ambition.
Speaking at the ongoing Olumo ’25 National Retreat in Abeokuta, Ogun State, ACAMB President, Mr. Rasheed Bolarinwa, emphasized that the recapitalization policy marks a pivotal moment for Nigerian banks to evolve into stronger, more trusted, and inclusive institutions capable of accelerating economic transformation.
Themed “Banks’ Recapitalization and Beyond: Amplifying Brand Resilience and Stakeholders’ Financial Inclusivity,” the retreat convened policymakers, banking professionals, regulators, and financial experts to chart a unified path for the sector’s sustainable growth.
Bolarinwa highlighted that the future of Nigerian banking extends beyond robust balance sheets — it lies in brand resilience, trust building, and extending financial access to underserved demographics including MSMEs, women-led businesses, and unbanked populations in rural communities.
“Recapitalization is not just a regulatory exercise; it is a movement toward building institutions that can inspire confidence, empower communities, and drive inclusive prosperity,” Bolarinwa said.
“We must expand our collective focus from profitability to purpose, ensuring that every Nigerian, regardless of location or background, can participate in the nation’s financial ecosystem.”
He urged participants to approach the retreat with open minds and a spirit of collaboration, describing the event as a platform to redefine the banking industry narrative, strengthen professional bonds, and reinforce the voice of corporate affairs practitioners across financial institutions.
The retreat featured high-level knowledge sessions, masterclasses, networking opportunities, and visits to the Olusegun Obasanjo Presidential Library Complex, culminating in an interactive boat ride — all designed to foster engagement and idea exchange among participants.
Delivering the keynote address, Mr. Philip Ikeazor, Deputy Governor of the Central Bank of Nigeria (CBN) in charge of Financial System Stability, described the recapitalization policy as a bold statement of ambition and resilience, not merely a regulatory measure.
“The goal is not to create bigger banks, but better banks — institutions that are safe, sound, innovative, and inclusive,” Ikeazor stated.
“A stronger capital base must translate into tangible outcomes such as expanded credit to MSMEs, enhanced financing for women and youth, and greater investments in technology-driven solutions that enhance financial inclusion.”
Ikeazor explained that the CBN’s recapitalization directive — which sets new minimum capital thresholds of ₦500 billion for international banks, ₦200 billion for national banks, and ₦50 billion for regional banks — aims to fortify the capacity of Nigerian banks to withstand global economic shocks while maintaining competitiveness and stability.
He stressed that the policy aligns with Nigeria’s long-term vision of building a $1 trillion economy by 2030, adding that financial inclusion, digital transformation, and sound corporate governance remain central to achieving that goal.
As the Olumo ’25 Retreat continues, ACAMB reaffirmed its commitment to fostering industry collaboration, knowledge sharing, and ethical corporate communications that strengthen public confidence in the banking system and ensure that recapitalization delivers broad-based economic benefits for all Nigerians.
ACAMB and the CBN have reaffirmed that Nigeria’s ongoing bank recapitalization will drive economic growth, deepen financial inclusion, and support the country’s $1 trillion economy vision by 2030.
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