BDAN Advocates  Conducive Environment, Regulatory Framework

The Bank Directors Association of Nigeria (BDAN) has  for called for  efforts aimed at ensuring  a conducive legal framework and regulatory environment that promotes innovation, stability, and growth within the financial sector.

BDAN made this call when  its chairman, Mr. Mustafa Chike-Obi, undertook an advocacy visit  to the Chairman of the Senate Committee on Banking, Insurance, and Other Financial Institutions, Senator Mukhail Adetokunbo Abiru in Abuja.

The visit, which was iºn line with   BDAN’s Advocacy Agenda, underscores the association’s commitment to fostering collaboration with stakeholders in the banking industry, including the legislative arm responsible for legislation and oversight functions.

BDAN in a statement signed by its Chief Executive, Adebukola Orenuga, noted that it recognises the pivotal role of regulatory bodies and legislative institutions in shaping the banking landscape and that BDAN’s advocacy efforts aim to ensure a conducive legal framework and regulatory environment that promotes innovation, stability, and growth within the sector.

According to the statement,  “During the advocacy visit, discussions revolved around policy review and the importance of collaboration between the Banking industry, the legislature and regulatory bodies, thereby emphasising the need for dialogue, transparency, and mutual understanding to address emerging challenges and opportunities.”

“Senator Mukhail Adetokunbo Abiru and other members of the committee welcomed BDAN’s initiative to engage with the Senate Committee, acknowledging the significance of constructive dialogue between policymakers and industry stakeholders.

“As BDAN continues its advocacy efforts, the Association reaffirms its commitment to working closely with regulatory bodies, legislative institutions, and all stakeholders in the Banking industry to promote a robust and resilient financial ecosystem that serves the best interests of all Nigerians.”