By Nume Ekeghe
The Deputy Governor, Financial System Stability Directorate, Central Bank of Nigeria, Mrs. Aishah Ahmad, has advised Nigerian banks to continue to design their business models to enable them manage disruptions and make positive environmental and social impact in their quest to deliver value to their stakeholders.
She made the call while delivering her remarks at a Webinar, organised by the Centre for Financial Studies (CFS) of the Chartered Institute of Bankers of Nigeria (CIBN).
Ahmad maintained that banks and other financial institutions can only survive disruptive events if they fully embrace sustainability principles, stressing that this had become even more critical during periods of significant disruptions such as the current COVID-19 pandemic ravaging the world.
According to her, though primarily a health crisis, the negative spill-over effects on business and the economy are complex and pervasive, considerably slowing economic activities in most countries.
The Webinar tagged CIBN Advocacy Dialogue Series 2.0 focused on “Enhanced Sustainable…
