World Bank Endorses Nigeria’s Ongoing Recapitalisation Drive as Step to Stablise the Financing System….details

The World Bank has endorsed Nigeria’s ongoing bank recapitalisation drive, describing it as a crucial step to stabilise the financial system and strengthen lenders’ capacity to fund businesses.

With about 25 banks already meeting new capital thresholds and roughly ₦2.5 trillion raised, the exercise is expected to expand credit to MSMEs, reduce reliance on government securities, and channel more financing into the real sector to accelerate growth and job creation.

~Leadership