‘My family went into exile’ -- Soludo says banking sector consolidation was 'dangerous war'

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Charles Soludo, governor of Anambra, says the consolidation of the Nigerian banking sector has permanently changed the system -- but the process was a dangerous war.

July 7, 2024 1:57 pmCharles Soludo, governor of Anambra, says the consolidation of the Nigerian banking sector has permanently changed the system — but the process was a dangerous war.

It often involves a process where banks merge with or acquire other banks, resulting in fewer but larger institutions. “Let me start by a disclaimer, I have not read the book. My gratitude goes to the author of this book and I appreciate my major incredible team,” the governor said. Obasanjo, who was represented by Donald Duke, former governor of Cross River, said the weight of the government is important in improving the economy.“Like the title of the book says, without the team we cannot win the match; the captain is Soludo, with his team, and I take pride in all the team,” the ex-president said.“When Soludo took over, I could tell the difference between a banker and an economist and we need someone who sees the country holistically.

Abiodun said appointing the right people to serve in public sectors is crucial for the growth of the economy.

 

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