Vice President Kashim Shettima has called on Deposit Money Banks (DMBs) to ensure adequate cash availability for customers amidst growing public complaints.
Addressing the 14th Bankers’ Committee Annual Retreat in Abuja, Shettima, represented by Economic Adviser Dr. Tope Fashua, emphasized the need for banks to resolve issues hindering financial inclusion and economic growth.
Shettima highlighted concerns over the exploitation by some Point of Sale (POS) operators and urged banks to tackle these challenges. He also stressed the importance of supporting micro, small, and medium enterprises (MSMEs) and fostering a culture of consumer credit in Nigeria.
Additionally, Shettima applauded Nigerian banks’ expansion into international markets, particularly their dominance in West Africa and the recent establishment of branches in France. He encouraged the banking sector to leverage technology and maintain global competitiveness, especially as fintechs, neobanks, and decentralized finance reshape the financial landscape.
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