FG REITERATES ITS COMMITMENT TO SUPPORT PROFESSIONAL BODIES IN THE FINANCIAL SECTOR

The federal government has pledged its commitment to support
professional bodies in the financial sector to build their
capacity to enhance  their contributions towards policy
formulation and execution. The Coordinating Minister for the Economy and Honourable Minister of Finance, Dr.Ngozi
Okonjo-Iweala announced the commitment during the courtesy
visit by Chartered Institute of Bankers of Nigeria, led by
its president Otunba (Mrs) Debola Osibogun.
The Co-coordinating Minister for the Economy and Minister of
Finance Dr Ngozi Okonjo –Iweala also commended the
delegates from the Chartered Institute of Bankers for
their  passion to see that the financial sector plays
significant role in moving the economy  forward. 
The Minister assured them of the President’s commitment to
ensure that professional bodies like CIBN are given
opportunity to synergize with federal government in policy
formation, evaluation and execution. The Coordinating
Minister For the Economy and Minister of Finance challenged
CIBN to be more proactive through dialogue with the federal
government before some economic policies get to the public
domain. According to her, such collaborative effort will
offer it  the opportunity to make its input into
government economic policies and programmes without bias.
In her speech the President/Chairman  of Council of
The Chartered Institute  of Bankers of Nigeria
Otunba(Mrs) Debola Osibogun x-rayed the statutory
responsibilities  of the institute for the fifty-one
years of its existence to include human capacity
development, professional certification and maintenance of
ethical standard in the financial and banking industry..Mrs
OsIbogun outlined the various roles and values the institute
has added to the Nigeria economy which according to her
posterity will hold high and proud.
Otunba(Mrs) Debola Osibogun further said that the institute
has meritoriously made  giant stride in the areas of
Ethics and Financial Ombudmanship,policy Advocacy for
Economic Transformation, Human Capital Development,
International Collaborative partnership, Business social
integration etc The president seized the opportunity to
appeal to federal government  to partner with the
institute in promoting financial literacy, policy/programme
advocacy and provision of adequate infrastructures/greater
incentives to banks  to enable them support the real
sector with very low interest rates and longer tenured
funding among others.
Also  at the occasion, the managing Director and Chief
Executive Officer of Nigeria Deposit Insurance Corporation,
Umaru Ibrahim commended  the Institute for its 
resolve to partner with the federal government to ensure
that  the banking industry truly becomes a catalyst for
solid economic growth. He said it is remarkable that despite
the numerous challenges confronting the institute, it has
made great stride in achieving its mandate.