South-south contributed N34trn to Nigeria’s economy in 2024 – CIBN

“As we work to reposition the South-south for broad-based prosperity, the financial system must play a central role, not merely as a source of capital, but as a catalyst for innovation, ideas incubation, and inclusive economic growth.”

Pius Olanrewaju, a professor and president of the Chartered Institute of Bankers of Nigeria (CIBN), has stated that the South-south region contributed N34 trillion to the country’s economy in 2024.

He made the remark on Thursday at the South-south Zonal Banking and Finance Conference in Calabar, Cross River State.

He spoke on the theme, “Building An Inclusive South-South: Economic Diversification as a Catalyst For Development.’’

Mr Olanrewaju, who quoted the data from the Cable Data Index, said the feat was more than 21 per cent of Nigeria’s.

This is indeed a development isn’t it?

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