Senate President Godswill Akpabio has said Nigeria’s banking sector has become stronger and more resilient, while expressing confidence that the country’s security challenges will soon be overcome.
Akpabio made the remarks while calling on Nigerians to support President Bola Tinubu’s economic and security reforms, which he said were critical to achieving sustainable economic growth and national development.
According to the Senate President, reforms in the financial sector have strengthened the banking industry and improved confidence in the system.
He said the era when banks could suddenly collapse, leaving depositors unable to access their funds, was gradually becoming a thing of the past.
“Today, thanks to the bold vision and strategic foresights of President Bola Ahmed Tinubu’s Renewed Hope Agenda, our banking sector has transitioned from survival to absolute dominance,” Akpabio said.
He described Nigeria’s banking system as one of the safest, most resilient and technologically advanced in Africa, attributing the development to ongoing consolidation and recapitalisation efforts.
Akpabio said the reforms had contributed to restoring investor confidence, protecting depositors’ funds and positioning the economy for long-term growth.
On insecurity, the Senate President acknowledged that criminality, banditry and insurgency remained significant obstacles to Nigeria’s development.
“Insecurity is a direct enemy of development,” he said, noting that both foreign and local investments require a stable and secure environment to thrive.
Akpabio said security agencies had moved from a largely reactive approach to a more proactive strategy against criminal elements.
“The security forces are taking the fight directly to the enclaves of criminals, bandits, and insurgents,” he said.
“The strategy has shifted from reaction to proactive confrontation, and I assure Nigerians that insecurity will be defeated.”
He, however, stressed that security agencies could not win the battle alone, urging citizens to provide credible and timely information that could assist security operations.
“Security is a collective civic responsibility,” Akpabio said.
“Our security personnel are working tirelessly on the frontlines, but they rely on actionable intelligence from the communities they protect.”
He urged Nigerians to abandon the culture of silence and report suspicious activities to the appropriate authorities.
The Senate President also acknowledged the economic difficulties being experienced by Nigerians, saying the government was aware of the sacrifices being made as part of efforts to address structural challenges in the economy.
“We acknowledge the sacrifices of the Nigerian people,” he said, adding that President Tinubu and members of his cabinet remained committed to implementing reforms aimed at building a stronger economy.
Akpabio urged Nigerians in the country and the diaspora to support national development and work with government institutions.
“Let us stand united, support our security agencies, and work hand-in-hand with this administration to build the nation of our dreams,” he said.
Comments