Nigeria's Tinubu urges banks to finance production, jobs after recapitalisation

President Tinubu called on Nigeria's banking sector to move beyond traditional intermediation and finance businesses, production, and job creation, arguing that macroeconomic stability must translate into broad-based prosperity. The statement signals a policy push for banks to channel recapitalisation gains into the real economy, though concrete mechanisms remain unspecified. This is a domestic political directive with potential implications for credit growth and economic diversification.