The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has said it will consult with stakeholders and await the disclosure of the complete policy framework from the CBN and the government.
The National President of NACCIMA, Dele Oye, disclosed this in a statement on Sunday.
Oye said it was imperative to highlight NACCIMA’s approach to this matter as one of caution, prudence, and thorough analysis.
The apex bank on Thursday, unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at N500bn.
However, the NACCIMA boss, said, “In response to the specific query regarding NACCIMA’s stance on the recent CBN policy directive to raise Tier 1 and 2 Banks capital base to N500bn and N200bn respectively. It is imperative to highlight NACCIMA’s approach to this matter as one of caution, prudence, and thorough analysis
“As such, we intend to engage in consultations with our stakeholders and await the disclosure of the complete policy framework from the CBN and the government. This approach is essential to ensure a well-informed response that considers the intended macroeconomic objectives that the capitalization increase seeks to address.” Oye added.
