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Wednesday, September 16, 2020 / 3:22 PM /
Ottoabasi Abasiekong for WebTV / Header Image Credit:
The Banking and Finance sector in Nigeria
will play a prominent role in supporting sustainable development in Nigeria.
The President of the Chartered Institute of Bankers of Nigeria (CIBN), Mr. Bayo
Olugbemi, FCIB made this comment at the opening session of the 13th
Annual Banking and Finance conference, which held virtually in Abuja and Lagos.
Speaking at the conference Mr. Olugbemi
said "So, when we talk about a sustainable
future, what do we mean? Literature has a generous and wide array of
interpretations. Luckily, the United Nations offers a comprehensive but concise
picture of what a truly sustainable future would look like. This picture is
brilliantly captured within the 17 United Nation's Sustainable Development
Goals (SDGs) which include Decent Work & Economic Growth; Industry,
Innovation, and Infrastructure; Gender Equality and Reduced Inequality".
On the opportunities and implications of the UN SDGs
which has 2030 as the target year for achievement, the CIBN President said "Given
the 17 goals and implicit 169 targets, we cannot only have a better
understanding of the sustainable future to strive for but the blueprint to
achieve this".
He added "In the quest to achieve such goals, the
banking sector no doubt has a pivotal role to play. Indeed, banks often called
the lifeblood of the economy are generally responsible for the efficient
allocation of resources which is a forerunner to wealth creation and economic
growth and development. Given the recent disruptions caused by COVID-19, the
roles of banks have become more important now than ever before".
The two-day conference covered 5 sub-themes and two breakout sessions over two days. It discussed the following topics:
The CIBN President assured stakeholders that at the
end of the conference a communique that would be rich in content and insightful
contributions and recommendations would be made public.
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