CBN expects massive FDI inflow into banks through recapitalisation

The Central Bank of Nigeria, CBN has disclosed that it expects a massive inflow of Foreign Direct Investment, FDIs, with foreign investors taking positions in Nigerian banks through the ongoing recapitalisation exercise.

This expectation was revealed by Director of Financial Policy and Regulation Department, FRPD, CBN, Mr. Haruna Mustafa in an interview while stressing that the banking recapitalisation exercise holds enormous opportunities for the economy, especially in terms of enhancing forex market reforms.

Hear him: “This policy holds enormous promise and opportunities not only for the banking system but for the wider economy. We expect to see a massive inflow of foreign direct investment and these are patient funds that any economy will need for long-term sustainable growth.