Stakeholders in the financial sector have said banking recapitalisation can be used as a catalyst to transform the country’s economy.

Country Director of World Bank in Nigeria, Mr Matthew Verghis, said a stronger banking system would provide the foundation to finance Nigeria’s long-term ambitions, including MSME growth, expansion of productive capacity and large-scale infrastructure development.

He spoke at the 2026 Economic Roundtable themed: ‘Nigeria’s Banking Recapitalisation: What Does It Mean for the Nigerian Economy?’, convened by leading Pan-African credit rating agency and provider of economic research, Agusto & Co.

Also speaking at the event, Managing Director, Agusto & Co. Limited, Mrs Yinka Adelekan, emphasised the need for informed dialogue at a time of significant structural change within the financial system.

Adelekan said: “This roundtable comes at a defining moment for Nigeria’s banking sector. As recapitalisation unfolds, it is crucial that we create space for informed dialogue on what it truly means for economic stability and growth. By convening this forum, we also honour our founder’s legacy, ensuring that recapitalisation strengthens not just bank balance sheets, but the future of Nigeria’s financial system.”

Meanwhile, a high-level panel discussion further examined the practical implications of recapitalisation for banks, corporates, and the wider economy. Panelists included Mr. Roosevelt Ogbonna, Managing Director, Access Bank Plc; Mr. Deepak Bhojak, Group Treasurer, Africa Consumer Business, Tolaram; Mr. Matthew Verghis, Country Director, World Bank in Nigeria; Mr. Johnson Chukwu, Managing Director, Cowry Asset Management; and Mr. Isaac Babatunde, Executive Director, Agusto & Co. The panel shared perspectives on capital adequacy, risk management, credit allocation, and the role of the banking sector in supporting sustainable economic growth.

Jimi Ogbobine, Head, Agusto Consulting (a wholly owned subsidiary of Agusto & Co), also presented a brief macro-economic overview, offering an in-depth analysis of the key economic themes and key uncertainties shaping the nation’s economic trajectory in 2026.

The roundtable concluded with an interactive engagement session, fostering dialogue and collaboration among stakeholders committed to strengthening Nigeria’s financial system and economic prospects.

Agusto & Co. reaffirmed its commitment to delivering objective research and thought leadership that supports businesses, investors, and policymakers as Nigeria’s financial landscape continues to evolve.