SAN FRANCISCO, October 01, (THEWILL) – An investment banker and pioneer chief executive officer of Stanbic IBTC Bank Plc, Atedo Peterside says Nigerians must be granted freer access to loans if financial inclusion is to be deepened in the nation.
Speaking at a guest on Covenant Christian Centre’s flagship programme, ‘The Platform’, Mr Peterside said a large percentage of funds that banks in Nigeria have within their coffers must be made available for lending.
“We have to make sure that all the funds or at least a large percentage of funds that banks and other financial institutions have are actually available for lending.”, he said
it is sad that “a look at the balance sheets of Nigerian banks shows that they have huge sums of funds which are locked up in the Central Bank of Nigeria (CBN). These are the types of challenges we are to solve for the nation to attain financial inclusion’, he added.
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