Bank Directors Association of Nigeria Advocates for Collaborative Policy Approach

The Bank Directors Association of Nigeria (BDAN) has urged for increased collaboration among lawmakers, regulatory authorities, and banking sector operators in the development and review of banking policies. This call was made during a recent meeting between the Chairman of BDAN’s Board of Directors, Mr. Mustafa Chike-Obi, and the Chairman of the Senate Committee on Banking, Insurance, and Other Financial Institutions, Senator Mukhail Adetokunbo Abiru.

A statement released by BDAN’s Chief Executive, Adebukola Orenuga, underscored the pivotal role played by regulatory bodies and legislative institutions in shaping the banking landscape. The association emphasized the importance of advocating for a conducive legal framework and regulatory environment that fosters innovation, stability, and growth within the sector.

The statement highlighted the discussions during the advocacy visit, which focused on policy review and the necessity of collaboration between the banking industry, legislature, and regulatory bodies. BDAN stressed the significance of open dialogue, transparency, and mutual understanding in addressing emerging challenges and capitalizing on opportunities within the sector.

Senator Mukhail Adetokunbo Abiru and other members of the Senate Committee on Banking expressed appreciation for BDAN’s proactive engagement and emphasized the importance of constructive dialogue between policymakers and industry stakeholders.

As BDAN continues its advocacy efforts, the association reaffirmed its commitment to working closely with regulatory bodies, legislative institutions, and all stakeholders in the banking industry. The goal is to promote a robust and resilient financial ecosystem that serves the best interests of all Nigerians.