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Association of Corporate Affairs Managers of Banks (ACAMB)

  •  The Association of Corporate Affairs Managers of Banks ACAMB has stressed the need for active and synergistic relationship between the banking and private sector for economic growth and development ACAMB said this in a communique issued at the end of the first national stakeholders conference between the banking industry and the Organised Private Sector OPS The communique issued in Lagos on Thursday was jointly signed by Mr Rasheed Bolarinwa the President ACAMB for the promoters and Dr Seye Awojobi the Executive Officer Chartered Institute of Bankers of Nigeria CIBN for partners It stated that stakeholders collectively agreed on the importance of effective synergy and good working relationship between the banking industry and the OPS given the critical roles of the two sectors in overall national economic development The conference agreed to work with all stakeholders going forward to create a more effective financing structure that would ensure increased accessibility to funding into the real sector The communique said that a consultative committee of experts and stakeholders drawn from across the sectors and relevant agencies and institutions would be constituted for continuing and enduring dialogue between the banking sector and the OPS The statement said that the committee would enhance funding and monitoring of the impact on the real sector It added that ACAMB and the CIBN would work together on thr joint action body It urged the OPS to take advantage of specialised development finance institutions created by government with active funding from the CBN to access affordable funding It also said that the CBN was opened to suggestions and feedback on its programmes and banking operations from all stakeholders It added that the apex bank was ever willing to further collaborate in addressing the issue of effective funding of the OPS The communique advised the banking sector and the OPS to put national interest uppermost in their business relationships and avoid deliberate acts of sabotage in the guise of transactions It noted that there was a need for fiscal policy measures to complement current funding initiatives by the banking industry in support of the real sector The CBN should increase foreign exchange allocation to the real sector by restoring the priority window and dedicated access for manufacturers while members of the OPS should repatriate foreign exchange to enable the apex bank sustain forex management In order to foster greater understanding and knowledge of operations of each sub sector of the OPS Deposit Money Banks DMBs should develop in house expertise through dedicated desks and requisite professionals of key segments of the OPS ACAMB and CIBN should institutionalise the conference initiative and ensure that subsequent editions are all inclusive of critical players in the Nigerian economy it said NewsSourceCredit NAN
    ACAMB seeks enhanced synergy for economic growth
     The Association of Corporate Affairs Managers of Banks ACAMB has stressed the need for active and synergistic relationship between the banking and private sector for economic growth and development ACAMB said this in a communique issued at the end of the first national stakeholders conference between the banking industry and the Organised Private Sector OPS The communique issued in Lagos on Thursday was jointly signed by Mr Rasheed Bolarinwa the President ACAMB for the promoters and Dr Seye Awojobi the Executive Officer Chartered Institute of Bankers of Nigeria CIBN for partners It stated that stakeholders collectively agreed on the importance of effective synergy and good working relationship between the banking industry and the OPS given the critical roles of the two sectors in overall national economic development The conference agreed to work with all stakeholders going forward to create a more effective financing structure that would ensure increased accessibility to funding into the real sector The communique said that a consultative committee of experts and stakeholders drawn from across the sectors and relevant agencies and institutions would be constituted for continuing and enduring dialogue between the banking sector and the OPS The statement said that the committee would enhance funding and monitoring of the impact on the real sector It added that ACAMB and the CIBN would work together on thr joint action body It urged the OPS to take advantage of specialised development finance institutions created by government with active funding from the CBN to access affordable funding It also said that the CBN was opened to suggestions and feedback on its programmes and banking operations from all stakeholders It added that the apex bank was ever willing to further collaborate in addressing the issue of effective funding of the OPS The communique advised the banking sector and the OPS to put national interest uppermost in their business relationships and avoid deliberate acts of sabotage in the guise of transactions It noted that there was a need for fiscal policy measures to complement current funding initiatives by the banking industry in support of the real sector The CBN should increase foreign exchange allocation to the real sector by restoring the priority window and dedicated access for manufacturers while members of the OPS should repatriate foreign exchange to enable the apex bank sustain forex management In order to foster greater understanding and knowledge of operations of each sub sector of the OPS Deposit Money Banks DMBs should develop in house expertise through dedicated desks and requisite professionals of key segments of the OPS ACAMB and CIBN should institutionalise the conference initiative and ensure that subsequent editions are all inclusive of critical players in the Nigerian economy it said NewsSourceCredit NAN
    ACAMB seeks enhanced synergy for economic growth
    Economy2 months ago

    ACAMB seeks enhanced synergy for economic growth

    The Association of Corporate Affairs Managers of Banks (ACAMB) has stressed the need for active and synergistic relationship between the banking and private sector for economic growth and development.

    ACAMB said this in a communique issued at the end of the first national stakeholders conference between the banking industry and the Organised Private Sector (OPS).

    The communique issued in Lagos on Thursday was jointly signed by Mr Rasheed Bolarinwa, the President, ACAMB for the promoters and Dr Seye Awojobi, the Executive Officer Chartered Institute of Bankers of Nigeria (CIBN) for partners.

    It stated that stakeholders collectively agreed on the importance of effective synergy and good working relationship between the banking industry and the OPS given the critical roles of the two sectors in overall national economic development.

    The conference agreed to work with all stakeholders, going forward, to create a more effective financing structure that would ensure increased accessibility to funding into the real sector.

    The communique said that a consultative committee of experts and stakeholders drawn from across the sectors and relevant agencies and  institutions would be constituted for continuing and enduring dialogue between the banking sector and the OPS.

    The statement said that the committee would enhance funding and monitoring of the impact on the real sector.

    It added that ACAMB and the CIBN would work together on thr joint action-body.

    It urged the OPS to take advantage of specialised development finance institutions created by government with active funding from the CBN to access affordable funding.

    It also said that the CBN was opened to suggestions and feedback on its programmes and banking operations from all stakeholders.

    It added that the apex bank was ever willing to further collaborate in addressing the issue of effective funding of the OPS.

    The communique advised the banking sector and the OPS to put national interest uppermost in their business relationships and avoid deliberate acts of sabotage in the guise of transactions.

    It noted that there was a need for fiscal policy measures to complement current funding initiatives by the banking industry in support of the real sector.

    “The CBN should increase foreign exchange allocation to the real sector by restoring the priority window and dedicated access for manufacturers while members of the OPS should repatriate foreign exchange to enable the apex bank sustain forex management.

    “In order to foster greater understanding and knowledge of operations of each sub-sector of the OPS, Deposit Money Banks (DMBs) should develop in-house expertise through dedicated desks and requisite professionals of key segments of the OPS.

    “ACAMB and CIBN should institutionalise the conference initiative, and ensure that subsequent editions are all inclusive of critical players in the Nigerian economy,” it said.


    NewsSourceCredit: NAN

  •  The Manufacturers Association of Nigeria MAN on Wednesday urged commercial banks and the Organised Private Sector OPS to join hands to grow the economy Mr Mansur Ahmed President of MAN gave the advice at the first National Stakeholders Conference organised by the Association of Corporate Affairs Managers of Banks ACAMB in partnership with the Chartered Institute of Bankers of Nigeria CIBN in Lagos The News Agency of Nigeria reports that the conference supported by Access Bank Ecobank FirstBank and Zenith Bank had Promoting Synergy Between the Banking Industry and the Organised Private Sector as the theme Ahmed said that the performance and development of both sectors were expedient for the sustainability of the economy hence the need for both sectors to work together to reduce poverty attract investment and boost economic growth The traditional industry bank lending relationship is no longer supporting the growth of the industry the bank and the economy as a whole Industry activities have massively declined showing rising number of moribund industries across the country and the increasing capital flight Based on this information it is important that the commercial banks and the industry should come together to chart new ways of supporting each other to the benefit of all There is no doubt that the industry needs the bank to increase investment and production while the bank needs the industry for interest payment incomes and equity subscription he said He therefore recommended that the commercial bank should develop corporate patriotism to strengthen the willingness to lend at the interest rate that supports both the industry and the banking sector for the sake of the economy He stressed the need to prioritise attention to industry foreign exchange requests particularly in this period of acute shortage Ahmed represented by Mr Ambrose Oruche Director Corporate Services of MAN also urged the banks to ensure that government or international development funds were well accessed without undue difficult conditionality He recommended the creation of a process that would support equipment acquisition in the industry and creation of funds to support industry bank joint venture for easy financing of specific industry business He also suggested the creation of a unit for business support and capacity development for the industry as well as a trade support unit Mr Ide Udeagbala President Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA represented by Mr Ayo Osinloye urged stakeholders to provide answers to the difficult challenges being faced by the private sector They face weak infrastructure especially in terms of power transportation and workspace They lack a collective voice and have relatively weak influence of policy formulation They have poor access to vital resources especially finance Udeagbala said Also speaking Mr Eboagwu Ezulu Deputy Director Financial System Stability Directorate of the Central Bank of Nigeria CBN advised the OPS to approach the development financing institutions for financial assistance I am aware that the Development Bank of Nigeria was established in collaboration with the CBN to provide funding as well as the Bank of Industry established to support the manufacturing sector Have we the manufacturing sector approached those entities to utilise the funds available rather than asking the commercial banks Banks are supposed to approach the CBN on behalf of their customers to solve these problems the commercial banks lend for credit purpose they have the primary responsibility to protect their depositors Ezulu said Dr Ken Opara the CIBN President noted that the organised private sectors were the real drivers of real sector growth and economic advancement through industrialisation job creation provision of goods and services and poverty alleviation Thus a well functioning financial system and a rigorous private sector are important drivers of national growth in terms of Gross Domestic Product employment generation economic stability and poverty reduction However I must admit that there are still a lot of untapped opportunity between these two critical sectors some of which are attributable to lack of proper handshake between the bodies Given the interdependence of both sector it has become imperative for both to work mutually for the growth of the nation s economy Opara said Earlier Mr Rasheed Bolarinwa President ACAMB said that the outlook of the conference was essentially to develop a workable roadmap for the two sectors to synergise for the benefit of the national economy Finance the essence of banking is the driving force for the private sector Capital is probably the primary factor of production On the other side the private sector as the end users of banking services and the largest sector of the economy is also conversely the driver of a sustainable and viral banking sector So I will say there is a symbiotic relationship between the two sectors banking is important to the private sector just as the private sector is important to the banks That explains why this conference is taking place So it is safe to conclude that the more active and synergistic the relationship between banking and private sector the more we are collectively able to develop and grow the national economy for sustainable Nigeria he said NewsSourceCredit NAN
    MAN tasks banks, OPS on economic growth
     The Manufacturers Association of Nigeria MAN on Wednesday urged commercial banks and the Organised Private Sector OPS to join hands to grow the economy Mr Mansur Ahmed President of MAN gave the advice at the first National Stakeholders Conference organised by the Association of Corporate Affairs Managers of Banks ACAMB in partnership with the Chartered Institute of Bankers of Nigeria CIBN in Lagos The News Agency of Nigeria reports that the conference supported by Access Bank Ecobank FirstBank and Zenith Bank had Promoting Synergy Between the Banking Industry and the Organised Private Sector as the theme Ahmed said that the performance and development of both sectors were expedient for the sustainability of the economy hence the need for both sectors to work together to reduce poverty attract investment and boost economic growth The traditional industry bank lending relationship is no longer supporting the growth of the industry the bank and the economy as a whole Industry activities have massively declined showing rising number of moribund industries across the country and the increasing capital flight Based on this information it is important that the commercial banks and the industry should come together to chart new ways of supporting each other to the benefit of all There is no doubt that the industry needs the bank to increase investment and production while the bank needs the industry for interest payment incomes and equity subscription he said He therefore recommended that the commercial bank should develop corporate patriotism to strengthen the willingness to lend at the interest rate that supports both the industry and the banking sector for the sake of the economy He stressed the need to prioritise attention to industry foreign exchange requests particularly in this period of acute shortage Ahmed represented by Mr Ambrose Oruche Director Corporate Services of MAN also urged the banks to ensure that government or international development funds were well accessed without undue difficult conditionality He recommended the creation of a process that would support equipment acquisition in the industry and creation of funds to support industry bank joint venture for easy financing of specific industry business He also suggested the creation of a unit for business support and capacity development for the industry as well as a trade support unit Mr Ide Udeagbala President Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA represented by Mr Ayo Osinloye urged stakeholders to provide answers to the difficult challenges being faced by the private sector They face weak infrastructure especially in terms of power transportation and workspace They lack a collective voice and have relatively weak influence of policy formulation They have poor access to vital resources especially finance Udeagbala said Also speaking Mr Eboagwu Ezulu Deputy Director Financial System Stability Directorate of the Central Bank of Nigeria CBN advised the OPS to approach the development financing institutions for financial assistance I am aware that the Development Bank of Nigeria was established in collaboration with the CBN to provide funding as well as the Bank of Industry established to support the manufacturing sector Have we the manufacturing sector approached those entities to utilise the funds available rather than asking the commercial banks Banks are supposed to approach the CBN on behalf of their customers to solve these problems the commercial banks lend for credit purpose they have the primary responsibility to protect their depositors Ezulu said Dr Ken Opara the CIBN President noted that the organised private sectors were the real drivers of real sector growth and economic advancement through industrialisation job creation provision of goods and services and poverty alleviation Thus a well functioning financial system and a rigorous private sector are important drivers of national growth in terms of Gross Domestic Product employment generation economic stability and poverty reduction However I must admit that there are still a lot of untapped opportunity between these two critical sectors some of which are attributable to lack of proper handshake between the bodies Given the interdependence of both sector it has become imperative for both to work mutually for the growth of the nation s economy Opara said Earlier Mr Rasheed Bolarinwa President ACAMB said that the outlook of the conference was essentially to develop a workable roadmap for the two sectors to synergise for the benefit of the national economy Finance the essence of banking is the driving force for the private sector Capital is probably the primary factor of production On the other side the private sector as the end users of banking services and the largest sector of the economy is also conversely the driver of a sustainable and viral banking sector So I will say there is a symbiotic relationship between the two sectors banking is important to the private sector just as the private sector is important to the banks That explains why this conference is taking place So it is safe to conclude that the more active and synergistic the relationship between banking and private sector the more we are collectively able to develop and grow the national economy for sustainable Nigeria he said NewsSourceCredit NAN
    MAN tasks banks, OPS on economic growth
    Economy2 months ago

    MAN tasks banks, OPS on economic growth

    The Manufacturers Association of Nigeria (MAN) on Wednesday urged commercial banks and the Organised Private Sector (OPS) to join hands to grow the economy.

    Mr Mansur Ahmed, President of MAN, gave the advice at the first National Stakeholders Conference organised by the Association of Corporate Affairs Managers of Banks (ACAMB) in partnership with the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos.

    The News Agency of Nigeria reports that the conference supported by Access Bank, Ecobank, FirstBank and Zenith Bank had: “Promoting Synergy Between the Banking Industry and the Organised Private Sector,’’ as the theme.

    Ahmed said that the performance and development of both sectors were expedient for the sustainability of the economy; hence, the need for both sectors to work together to reduce poverty, attract investment and boost economic growth.

    “The traditional industry-bank lending relationship is no longer supporting the growth of the industry, the bank and the economy, as a whole.

    “ Industry activities have massively declined showing rising number of moribund industries across the country and the increasing capital flight.

    “ Based on this information, it is important that the commercial banks and the industry should come together to chart new ways of supporting each other to the benefit of all.

    “ There is no doubt that the industry needs the bank to increase investment and production while the bank needs the industry for interest payment incomes and equity subscription,’’ he said.

    He, therefore, recommended that the commercial bank should develop corporate patriotism to strengthen the willingness to lend at the interest rate that supports both the industry and the banking sector for the sake of the economy.

    He stressed the need to prioritise attention to industry foreign exchange requests, particularly in this period of acute shortage.

    Ahmed represented by Mr Ambrose Oruche, Director, Corporate Services of MAN, also urged the banks to ensure that government or international development funds were well accessed without undue difficult conditionality.

    He recommended the creation of a process that would support  equipment acquisition in the industry and creation of funds to support industry-bank joint venture for easy financing of specific industry business.

    He also suggested the creation of a unit for business support and capacity development for the industry as well as a trade support unit.

    Mr Ide Udeagbala, President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), represented by Mr Ayo Osinloye, urged stakeholders to provide answers to the difficult challenges being faced by the private sector.

    “They face weak infrastructure, especially in terms of power, transportation, and workspace.

    They lack a collective voice and have relatively weak influence of policy formulation.

    They have poor access to vital resources, especially finance,” Udeagbala said.

    Also speaking, Mr Eboagwu Ezulu, Deputy Director, Financial System Stability Directorate of the Central Bank of Nigeria (CBN), advised the OPS to approach the development financing institutions for financial assistance.

    “I am aware that the Development Bank of Nigeria was established in collaboration with the CBN to provide funding as well as the Bank of Industry established to support the manufacturing sector.

    “Have we the manufacturing sector approached those entities to utilise the funds available rather than asking the commercial banks?

    “Banks are supposed to approach the CBN on behalf of their customers to solve these problems; the commercial banks lend for credit purpose, they have the primary responsibility to protect their depositors,’’ Ezulu said Dr Ken Opara, the CIBN President, noted that the organised private sectors were the real drivers of real sector growth and economic advancement through industrialisation, job creation, provision of goods and services and poverty alleviation.

    “Thus a well-functioning financial system and a rigorous private sector are important drivers of national growth in terms of  Gross Domestic Product, employment generation, economic stability and poverty reduction.

    “However, I must admit that there are still a lot of untapped opportunity between these two critical sectors some of which are attributable to lack of proper handshake between the bodies.

    “Given the interdependence of both sector, it has become imperative for both to work mutually for the growth of the nation’s economy,’’ Opara said.

    Earlier, Mr Rasheed Bolarinwa, President ACAMB, said that the outlook of the conference was essentially to develop a workable roadmap for the two sectors to synergise for the benefit of the national economy.

    “Finance, the essence of banking is the driving force for the private sector.  

    Capital, is probably the primary factor of production.

    “On the other side, the private sector, as the end users of banking services and the largest sector of the economy, is also conversely the driver of a sustainable and viral banking sector.

    “So, I will say there is a symbiotic relationship between the two sectors, banking is important to the private sector, just as the private sector is important to the banks.

    That explains why this conference is taking place.

    “So, it is safe to conclude that the more active and synergistic the relationship between banking and private sector, the more we are collectively able to develop and grow the national economy for sustainable Nigeria,’’ he said.

    (
    NewsSourceCredit: NAN

  •  The Association of Corporate Affairs Managers of Banks ACAMB says that constant engagement and communication between the Organised Private Sector OPS and the banking sector will promote the desired sustainable growth and development of the economy Mr Rasheed Bolarinwa President of ACAMB disclosed this in an interview with the News Agency of Nigeria on Sunday in Lagos Bolarinwa said Nigeria would be the major beneficiary of the high profile meeting between banks and the OPS as stakeholders seek to find lasting solutions to the constraints between the two key sectors of the economy He said that the first ever national stakeholders conference on synergy between the Nigerian banking industry and the OPS would hold on Aug 3 2022 Bolarinwa said that the first ever conference would birth far reaching strategies that would help to unlock several opportunities for the Nigerian economy He said that the conference would be organised by the ACAMB the banking industry corporate marketing communications and reputation management association in partnership with other stakeholders including the Chartered Institute of Bankers of Nigeria CIBN Bolarinwa said Nigeria will be the major beneficiary of the high profile meeting between banks and the Organised Private Sector as stakeholders seek to find lasting solutions to the constraints between the two key sectors of the economy He said that the conference which would hold at the Bankers House Victoria Island Lagos would bring together the best players in banks and OPS to act as think tank for the nation s macroeconomic growth Bolarinwa said that the Governor of the Central Bank of Nigeria Mr Godwin Emefiele would be the keynote speaker He added that the Presidents of the Chartered Institute of Bankers of Nigeria CIBN NACCIMA Institute of Directors IoD and Manufacturers Association of Nigeria MAN would be major speakers He said that the strategic panelists would be led by the leadership of the sectors which would cut across banking players and the OPS including NECA NASSI and NASME among others He also said that the main plenary session would be moderated by the foremost economist Dr Biodun Adedipe We are providing an open minded platform for both sectors to articulate and ventilate their fears interest and expectations and opportunities that will benefit both sectors the national economy and Nigeria at large At the end of the session we expect a robust communique that will provide a road map for a new relationship between the banking industry and the OPS Bolarinwa said According to him the OPS is a valued stakeholder of the banking industry as both the banking industry and the organised private sector play major roles in growing the economy Therefore there is a need for the two sectors to work closely together The conference offers a unique platform for private sector players and the banking community to share perspectives on the synergy communication cooperation and mutual understanding between these two critical segments of the Nigerian economy can be improved to benefit the Nigerian people and economy progressively ACAMB is reaching out to all critical stakeholders to ensure inclusiveness and maximisation of capacity We will persist in generating innovative and creative initiatives to promote the growth and development of the banking industry and the national economy Bolarinwa said He urged the media to partner in the new paradigm shift of engagements with critical stakeholders in the industry describing the media as being crucial to creating mutual understandings NewsSourceCredit NAN
    Banks, OPS synergy key to sustainable growth, says ACAMB President
     The Association of Corporate Affairs Managers of Banks ACAMB says that constant engagement and communication between the Organised Private Sector OPS and the banking sector will promote the desired sustainable growth and development of the economy Mr Rasheed Bolarinwa President of ACAMB disclosed this in an interview with the News Agency of Nigeria on Sunday in Lagos Bolarinwa said Nigeria would be the major beneficiary of the high profile meeting between banks and the OPS as stakeholders seek to find lasting solutions to the constraints between the two key sectors of the economy He said that the first ever national stakeholders conference on synergy between the Nigerian banking industry and the OPS would hold on Aug 3 2022 Bolarinwa said that the first ever conference would birth far reaching strategies that would help to unlock several opportunities for the Nigerian economy He said that the conference would be organised by the ACAMB the banking industry corporate marketing communications and reputation management association in partnership with other stakeholders including the Chartered Institute of Bankers of Nigeria CIBN Bolarinwa said Nigeria will be the major beneficiary of the high profile meeting between banks and the Organised Private Sector as stakeholders seek to find lasting solutions to the constraints between the two key sectors of the economy He said that the conference which would hold at the Bankers House Victoria Island Lagos would bring together the best players in banks and OPS to act as think tank for the nation s macroeconomic growth Bolarinwa said that the Governor of the Central Bank of Nigeria Mr Godwin Emefiele would be the keynote speaker He added that the Presidents of the Chartered Institute of Bankers of Nigeria CIBN NACCIMA Institute of Directors IoD and Manufacturers Association of Nigeria MAN would be major speakers He said that the strategic panelists would be led by the leadership of the sectors which would cut across banking players and the OPS including NECA NASSI and NASME among others He also said that the main plenary session would be moderated by the foremost economist Dr Biodun Adedipe We are providing an open minded platform for both sectors to articulate and ventilate their fears interest and expectations and opportunities that will benefit both sectors the national economy and Nigeria at large At the end of the session we expect a robust communique that will provide a road map for a new relationship between the banking industry and the OPS Bolarinwa said According to him the OPS is a valued stakeholder of the banking industry as both the banking industry and the organised private sector play major roles in growing the economy Therefore there is a need for the two sectors to work closely together The conference offers a unique platform for private sector players and the banking community to share perspectives on the synergy communication cooperation and mutual understanding between these two critical segments of the Nigerian economy can be improved to benefit the Nigerian people and economy progressively ACAMB is reaching out to all critical stakeholders to ensure inclusiveness and maximisation of capacity We will persist in generating innovative and creative initiatives to promote the growth and development of the banking industry and the national economy Bolarinwa said He urged the media to partner in the new paradigm shift of engagements with critical stakeholders in the industry describing the media as being crucial to creating mutual understandings NewsSourceCredit NAN
    Banks, OPS synergy key to sustainable growth, says ACAMB President
    Economy2 months ago

    Banks, OPS synergy key to sustainable growth, says ACAMB President

    The Association of Corporate Affairs Managers of Banks (ACAMB) says that constant engagement and communication between the Organised Private Sector (OPS) and the banking sector will promote the desired sustainable growth and development of the economy.

    Mr Rasheed Bolarinwa, President of ACAMB, disclosed this in an interview with the News Agency of Nigeria on Sunday in Lagos.

    Bolarinwa said Nigeria would be the major beneficiary of the high-profile meeting between banks and the OPS as stakeholders seek to find lasting solutions to the constraints between the two key sectors of the economy.

    He said that the first-ever national stakeholders conference on synergy between the Nigerian banking industry and the OPS would hold on Aug.

    3, 2022.

    Bolarinwa said that the first-ever conference would birth far-reaching strategies that would help to unlock several opportunities for the Nigerian economy.

    He said that the conference would be organised by the ACAMB – the banking industry corporate, marketing communications and reputation management association; in partnership with other stakeholders including the Chartered Institute of Bankers of Nigeria (CIBN).

    Bolarinwa said: “Nigeria will be the major beneficiary of the high-profile meeting between banks and the Organised Private Sector, as stakeholders seek to find lasting solutions to the constraints between the two key sectors of the economy.” He said that the conference which would hold at the Bankers House, Victoria Island, Lagos, would bring together the best players in banks and OPS to act as think tank for the nation’s macroeconomic growth.

    Bolarinwa said that the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, would be the keynote speaker.

    He added that the Presidents of the Chartered Institute of Bankers of Nigeria (CIBN), NACCIMA, Institute of Directors (IoD) and Manufacturers Association of Nigeria (MAN) would be major speakers.

    He said that the strategic panelists would be led by the leadership of the sectors, which would cut across banking players and the OPS including NECA, NASSI and NASME, among others.

    He also said that the main plenary session would be moderated by the foremost economist, Dr Biodun Adedipe.

    “We are providing an open-minded platform for both sectors to articulate and ventilate their fears, interest and expectations and opportunities that will benefit both sectors, the national economy and Nigeria at large.

    “At the end of the session, we expect a robust communique that will provide a road map for a new relationship between the banking industry and the OPS,” Bolarinwa said.

    According to him, the OPS is a valued stakeholder of the banking industry as both the banking industry and the organised private sector play major roles in growing the economy.

    “Therefore, there is a need for the two sectors to work closely together.

    “The conference offers a unique platform for private sector players and the banking community to share perspectives on the synergy, communication, cooperation and mutual understanding between these two critical segments of the Nigerian economy can be improved to benefit the Nigerian people and economy progressively.

    “ACAMB is reaching out to all critical stakeholders to ensure inclusiveness and maximisation of capacity.

    “We will persist in generating innovative and creative initiatives to promote the growth and development of the banking industry and the national economy,” Bolarinwa said.

    He urged the media to partner in the new paradigm shift of engagements with critical stakeholders in the industry, describing the media as being crucial to creating mutual understandings.

    NewsSourceCredit: NAN