President Bola Tinubu has reaffirmed his administration’s commitment to supporting the expansion of banks and
other financial institutions to drive economic growth. Tinubu, who was represented by Vice President Kashim
Shettima, made this statement at the groundbreaking ceremony for First Bank’s 43-story headquarters at Eko Atlantic
City in Lagos.
The President emphasized the importance of banks in driving economic growth, stating that they are the engines of
economic growth. He noted that the current administration is working diligently to establish a sustainable and
globally competitive system for Nigerian banks and other financial institutions to thrive.
Tinubu acknowledged that banks can only prosper in a thriving economy, and therefore, the administration is
committed to creating an enabling environment for businesses to flourish. He assured the banking sector that the
government is a partner in their progress.
The President commended First Bank for its legacy of innovation and adaptability, which has enabled it to stand the
test of time. He noted that the bank’s ability to reinvent itself has been the secret to its success.
First Bank’s 130-year history is a testament to its resilience and ability to evolve with the times. From its humble
beginnings as the Bank of British West Africa to its current status as a leading financial institution, First Bank has
consistently demonstrated its commitment to innovation and excellence.
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Tinubu’s administration has made it a priority to create an enabling environment for businesses to thrive. The
government has implemented policies aimed at stabilizing the nation’s economy and promoting economic growth.
The President acknowledged that his administration assumed office during a challenging period, which required
making difficult but necessary decisions to stabilize the nation’s economy. However, he assured that the government
is committed to creating a brighter future for all Nigerians.
Tinubu’s commitment to supporting the expansion of banks and other financial institutions is a welcome
development for the banking sector. As the banking sector continues to evolve, it is clear that the government’s
support will be crucial in driving economic growth. With Tinubu’s administration committed to creating an enabling
environment for businesses to flourish, the future of the banking sector looks bright
