Expert Urges Strong Financial Institutions For Economic Growth

December 24, 2023
Expert Urges Strong Financial Institutions For Economic Growth
Arshad Rab, CEO, European Organisation for Sustainable Development (EOSD), and Chair, International Council for Sustainability Standards

Arshad Rab, Chairman of the International Council of Sustainability Standards, emphasizes the pivotal role of finance in transforming Nigeria’s economy.

Speaking at the Nigeria Sustainability Summit 2023, Rab highlighted the indispensable role of robust financial institutions in steering Nigeria toward economic prosperity.

Join our WhatsApp Channel

The summit, themed “Crisis Resilience and the New Nigerian Economy,” served as a platform for advocating sustainable financial practices and fostering economic evolution.

“Strong financial institutions are the bedrock of a thriving economy,” Rab emphasized.

READ ALSO: IMF Caution Against Increased Crypto Adoption, Warns Of Macro-financial Instability

“To propel Nigeria into the realm of 21st-century economic progress, certified sustainable financial entities must spearhead the transition from traditional development models.”

In collaboration with Access Holdings Plc and the European Sustainable Development Organisation (EOSD) and Financial Nigeria, the summit aimed to mobilize corporate Nigeria towards a shared mission of transforming the country into a technologically advanced, socially inclusive, and environmentally conscious nation.

Omobolanle Victor-Laniyan, Head of Group Sustainability at Access Holdings, echoed the urgency of sustainable practices in Nigeria. “Our nation seeks a future defined by economic resilience, environmental stewardship, and social responsibility.”

“The private sector, wielding its resources and influence, is pivotal in driving this change,” she asserted in her welcome address.”

Acknowledging the hurdles hindering sustainable development, Victor-Laniyan stressed the need for united efforts to overcome these challenges. “The private sector’s dynamism and commitment offer the key to impactful change that benefits our environment, society, and economy,” she added.

“Through strategic partnerships and collaborative ecosystems, we can advocate for policies promoting sustainability, fostering economic growth, and ultimately enhancing the quality of life for every Nigerian,” she concluded.

The summit serves as a beacon for stakeholders to unite, leveraging collective strengths, innovative solutions, and advocacy for sustainable policies, paving the way for a brighter and more sustainable future for Nigeria.

emmmmmm
+ posts

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Pope Francis’ Legacy: 5 Groundbreaking Reforms That Transformed The Catholic Church
Previous Story

The Beauty Of Same-s3x Blessing Controversy

Fuel Subsidy: SERAP Sues NNPCL Over Nigeria's Oil Revenue Secrecy
Next Story

Fuel Subsidy: SERAP Sues NNPCL Over Nigeria’s Oil Revenue Secrecy

Featured Stories

Latest from Business

Naira Ends Week With Marginal Gain Against Dollar

Naira Remains Stable Against Dollar In Black Market

Traders in the black market on Friday, December 19, saw no changes in the foreign exchange (FX) rate for the United States dollar (USD), as the naira neither depreciated nor appreciated. In a parallel market data provided by Naira Rates, the exchange
Five Best-Performing Banks In Q3 2025 -- By Profit Growth

Five Best-Performing Banks In Q3 2025 — By Profit Growth

Sterling Financial Holdings Company, First City Monument Bank (FCMB), Stanbic IBTC, Wema Bank and Ecobank are the top five best-performing banks in Nigeria by pretax profit growth in the third quarter (Q3) of 2025. The five banks made it to the list
Pope Francis’ Legacy: 5 Groundbreaking Reforms That Transformed The Catholic Church
Previous Story

The Beauty Of Same-s3x Blessing Controversy

Fuel Subsidy: SERAP Sues NNPCL Over Nigeria's Oil Revenue Secrecy
Next Story

Fuel Subsidy: SERAP Sues NNPCL Over Nigeria’s Oil Revenue Secrecy

Don't Miss

BUA Cement Loses 52% Of Revenue To Cost Of Production – But Profit Triples

In its unaudited financial statements for the period ended March

Amusan Wins Silver At Lausanne Diamond League 

Nigeria's Tobi Amusan on Friday evening scooped the silver medal