The Association of Corporate Affairs Managers of Banks (ACAMB) has underscored the critical role of bank recapitalization and financial inclusion in driving economic growth in Nigeria. The statement was made during the ongoing Olumo ’25 National Retreat in Abeokuta, Ogun State.
According to Rasheed Bolarinwa, ACAMB President, the recent recapitalization exercise is a catalyst for Nigerian banks to become stronger, more trusted, and inclusive institutions capable of supporting the country’s ambition of a $1 trillion economy.
The retreat, themed “Banks’ Recapitalization and Beyond: Amplifying Brand Resilience and Stakeholders’ Financial Inclusivity,” brought together policymakers, banking professionals, and industry experts to discuss the future of the sector.
Bolarinwa emphasized that the true value of recapitalization goes beyond balance sheet growth. He highlighted brand resilience and financial inclusion for MSMEs, women-led enterprises, and the unbanked in rural communities as key priorities. He urged participants to engage with renewed enthusiasm, open minds, and collaborative spirit.
The retreat includes plenary and breakout sessions, masterclasses, networking opportunities, a visit to the Olusegun Obasanjo Presidential Library complex, and a serene boat ride, creating a platform for high-level knowledge sharing and professional bonding.
Delivering the keynote address, CBN Deputy Governor in charge of Financial System Stability, Mr. Philip Ikeazor, described the recapitalization exercise as a bold statement of ambition and resilience rather than merely a regulatory directive.
“The true goal of this exercise is not to create bigger banks, but better banks — safe, sound, well-governed, innovative, and inclusive,” Ikeazor said. “A stronger capital base must translate into expanded credit to MSMEs, enhanced financing for marginalised groups, and greater investment in technology-driven solutions that improve financial inclusion.”
The CBN’s recapitalization directive sets minimum capital requirements of:
- ₦500 billion for international banks
- ₦200 billion for national banks
- ₦50 billion for regional banks
Ikeazor stressed that the policy aims to strengthen Nigerian banks’ capacity to withstand global shocks, remain competitive, and support the nation’s goal of becoming a $1 trillion economy by 2030.
Bolarinwa expressed gratitude to sponsors, organizers, facilitators, and participants for their support, describing the retreat as a movement to redefine the banking narrative, strengthen professional bonds, and reinforce the voice of Nigerian banking.
