President Bola Tinubu has reaffirmed his administration’s commitment to fostering a globally competitive financial sector, emphasizing that banks can only thrive in a strong economy.
Speaking at the groundbreaking ceremony for First Bank’s new 43-story headquarters in Eko Atlantic City, Lagos, Tinubu—represented by Vice President Kashim Shettima—highlighted the government’s efforts to create a stable fiscal and monetary landscape.
“Banks are the engines of economic growth, and we owe it to them to champion a system that guarantees sustainability and global competitiveness,” he said.
He acknowledged the economic challenges his administration inherited but insisted that bold reforms were necessary to drive transformation.
First Bank, Nigeria’s oldest financial institution, was praised for its adaptability and resilience, with Tinubu calling its 130-year legacy a testament to innovation.
The event was attended by top government officials, business leaders, and industry stakeholders, including Aliko Dangote and former Senate President Bukola Saraki.
