'We Can No Longer Afford To Postpone Our Economic Transformation' - Tinubu Insists Speaking at the groundbreaking ceremony for First Bank’s 43-story headquarters at Eko Atlantic City in Lagos on Wednesday, Tinubu, represented by Vice President Kashim Shettima, highlighted the crucial role of banks in national development.
He noted that his government is implementing bold and progressive policies to stabilize the fiscal and monetary landscape, ensuring an enabling environment for businesses to proliferate.
The President showcased the administration’s ongoing efforts to create the environment conducive to business growth, noting that financial institutions play a pivotal role in economic development.
“Banks are the engines of economic growth, and we owe it to them to champion a system that guarantees sustainability and global competitiveness. Our expectation is for our banks to outperform, to expand beyond our shores, and to earn their place among the world’s most viable and profitable enterprises,” Tinubu revealed.
Acknowledging the economic disputes competed with upon assuming office, the President reiterated that bold and necessary policy decisions were required to stabilize the nation’s financial landscape.
“We assumed office at a time that demanded bold, progressive thinking, a time that summoned for difficult but necessary decisions to stabilise our fiscal and monetary landscape. Our policies are inspired by the essence that we can no longer afford to put off our economic transformation,” he added.
Tinubu applauded First Bank for its resilience and innovation over the past 130 years, crediting its adaptability for its endured success.
“From the Bank of British West Africa to Standard Bank of West Africa and, finally, to this 130-year-old success story, First Bank has endured a towering institution, outliving disruptions and redefining banking through the decades,” he disclosed.
The conjunctive was attended by prominent figures, including Governors Dapo Abiodun (Ogun) and Lucky Aiyedatiwa (Ondo), Lagos Deputy Governor Dr Obafemi Hamzat, former Senate President Bukola Saraki, and business magnates such as Aliko Dangote, Gilbert and Roland Chagoury, Deji Adeleke, Mohammed Indimi, and Senator Daisy Danjuma.
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Category: World-News
Tag: We Can No Longer Afford To Postpone Our Economic Transformation Tinubu Insists
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Published 3/6/2025