CBN deepens partnership with DFIs to stabilise banking sector

From Adanna Nnamani, Abuja

As part of efforts to deepen partnerships with development finance institutions (DFIs) and strengthen the nation’s banking sector, the Central Bank of Nigeria (CBN) on Wednesday hosted a high-level delegation from British International Investment (BII).

CBN Governor Olayemi Cardoso said the bank remains committed to financial sector reforms, including a data-driven regulatory framework and credible monetary policies aimed at ensuring banking stability and promoting long-term investment.

According to a statement issued by the apex bank, the discussions focused on opportunities for patient capital to support financial inclusion, enhance banking system resilience and foster sustainable private-sector growth. Cardoso stressed that DFIs like BII are key partners in achieving these goals.

On her part, Ms Layfield reaffirmed BII’s continued interest in Nigeria’s financial services sector, emphasising the importance of regulatory clarity and sustained engagement to support investment and inclusive growth.

The meeting was attended by members of BII’s board and executive management, including Mr Leslie Maarsdorp, Chief Executive Officer; Mr Andrew Alli, Non-Executive Director; Mr Simon Rowlands, Non-Executive Director; Mr Chris Chijiutomi, Managing Director and Head of Africa; and Mr Benson Adenuga, West Africa Regional Director and Head of the Nigeria Office, alongside senior officials of the British High Commission.

British International Investment is the UK’s development finance institution, wholly owned by the UK Government through the Foreign, Commonwealth and Development Office (FCDO), with total assets of £9.9 billion supporting over 1,600 businesses across emerging markets.