Following the decision of the Central Bank of Nigeria to recapitalise commercial banks in the country, the Coalition of Civil Society Organisations in the country has thrown their weight behind the plan, saying that the decision is healthy for Nigeria's economy and it will make the banks stronger, and as well attract investors.
He noted that recapitalisation is to make the banks healthy and stronger, arguing that when banks are healthy, they will be able to perform better and recruit more staff. "We are a coalition of civil society organisations. Our role is to act as watchdogs to the government in the overarching interest of the Nigerian people.
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