The Chartered Institute of Bankers of Nigeria (CIBN) has hinted that the focus of its 17th Annual Banking and Finance Conference 2024 will help facilitate sustainable financial system, nation’s economy as well as address other issues relating to banking sector in the country.
The theme of the event which is christened “Accelerating Economic Growth and Development: the state of play and way forward” is targeted at addressing the major challenges like skyrocketed inflation occasioned by the forex exchange.
Prominent bankers, major economic players, captains of industries, regulators, policy makers, members of the academic community, millennials and other stakeholders in the banking and finance industry, mining, agricultural power, aviation, ICT among others have converged in Abuja for the two days annual Conference.
Among others, they are expected to brainstorm on strategic issues that are critical to building a sound financial system in the country.
The resolutions at the Conference which will also be made available to all the relevant stakeholders and policy makers expected them re-appraise and align their operations and strategies in line with global best practice.
Speaking to Newsmen at the event, the Managing Director/ Chief Executive Officer, First Bank of Nigeria Limited, Olusegun Alebiosu, expressed optimism for the rest of 2024 fiscal year in the economic sector.
The CEO said, “The outlook for the rest of 2024 for the Nigerian economy is optimistic, with projected growth rates.
“The key drivers of this growth include improved security driven by the need for high level vigilance by the security forces, higher oil production, and stronger consumer demand on local commodities.”
He later commended the bankers’ conference, stressing that it provides a valuable avenue for brainstorming, offering of a platform for industry professionals to share knowledge and expertises, discuss challenges and opportunities, explore innovative solutions, and shape the future of banking .