Ambode, Emefiele advocate financial innovation to tackle economic recession

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Governor of Lagos State, Mr. Akinwunmi Ambode and the Governor, Central Bank of Nigeria (CBN) have called on banks to come up with financial innovations that will facilitate the recovery of the nation’s economy.

They made this call while speaking at the 2016 Bankers’ Committee retreat in Lagos. The theme of the retreat was “Economic Recovery: The Role of the Banking Sector.

Addressing the gathering of banks ‘chief executive officers and top officials of CBN, at the retreat, Emefiele said that banks must come up with innovative solutions that will enable the finance sector to play a key role in driving Nigeria’s growth and development.

The retreat, which is the 8th in the series, is an annual event where members of the Bankers’ Committee engage in strategic reviews of critical developments within the financial system and the economy.

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