CIBN, Lagos Govt Partner To Boost SME Growth, Banking Innovation
The Chartered Institute of Bankers of Nigeria (CIBN) has called for stronger collaboration with the Lagos State Government to boost SME growth, financial inclusion and banking innovation. The President and. . .
The Chartered Institute of Bankers of Nigeria (CIBN) has called for stronger collaboration with the Lagos State Government to boost SME growth, financial inclusion and banking innovation. The President and Chairman of Council of CIBN, Dr Dele Alabi, made the call in a statement by Mr Taofik Sanni, CIBN’s Acting Head, Corporate Communications and Brand Management, on Monday in Lagos. Alabi spoke during a courtesy visit to Gov. Babajide Sanwo-Olu at Lagos House, Alausa, Ikeja. He said stronger collaboration between CIBN, banks and the state would support Micro, Small and Medium Enterprises (MSMEs) through capacity development, financial inclusion and improved access to finance. He described MSMEs as the engine of economic growth and called for establishing MSME hubs in strategic locations to promote enterprise development, innovation, and inclusive growth. The CIBN president also unveiled plans to transform the Institute’s Learning Centre in Yaba into a Digital Learning Resource Centre and Innovation Hub. He said the proposed facility would provide digital learning infrastructure, simulation laboratories, virtual classrooms and collaborative spaces for banking professionals, fintech firms, researchers and technology partners. Alabi said the initiative aligned with the Technology, Automation and Innovation pillar of CIBN’s IMPACT Vision. He commended Sanwo-Olu’s administration for creating an enabling environment for financial services, entrepreneurship, innovation and economic development in Lagos. The CIBN delegation included members of its Governing Council, Body of Past Presidents and management, underscoring the importance the Institute attached to the partnership. The CIBN delegation invited Sanwo-Olu to its Generation Next Forum 4. 0 on Aug. 12, and the 19th Annual Banking and Finance Conference on Sept. 8 and 9. They also invited the governor to the Institute’s 61st Annual Bankers’ Dinner scheduled for Nov. 27. Alabi said the engagement would strengthen professional excellence, banking innovation and sustainable economic development. He said CIBN would continue to deepen partnerships with government, regulators, financial institutions, academia and the innovation ecosystem. He said that the institute’s IMPACT Vision focused on collaboration, innovation, advocacy, professional development and institutional transformation within Nigeria’s banking and financial services industry. Sanwo-Olu described the meeting as a reaffirmation of the relationship between Lagos and the banking profession. “Our financial sector remains the backbone of economic growth across Lagos, and strong partnerships with professional institutions like CIBN are essential,” he said. The governor said the state would continue to create an environment in which financial institutions could thrive and serve the public effectively. #CIBN, Lagos Govt Partner to Boost SME Growth, Banking Innovation#CIBN Projects 26. 5% MPR RetentionOgochukwu NdubuisiOgochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy. With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage. Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape. She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments. Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership. Ogochukwu Ndubuisi is based in Lagos, Nigeria.