Senate President Godswill Akpabio has declared that Nigeria’s banking sector has become stronger and more resilient, assuring Nigerians that the insecurity confronting the country will soon be defeated.
Akpabio made the declarations while rallying Nigerians behind President Bola Ahmed Tinubu’s Renewed Hope reforms, stressing that financial-sector reforms, ongoing security operations and citizens’ cooperation remained critical to economic recovery and national development.
The Senate President said the era when banks could suddenly collapse, leaving depositors to lose their money, was over, attributing the development to reforms implemented under the Tinubu administration.
“Today, thanks to the bold vision and strategic foresights of President Bola Ahmed Tinubu’s Renewed Hope Agenda, our banking sector has transitioned from survival to absolute dominance,” Akpabio said.
He said the sector had become one of the safest, most resilient and technologically advanced banking systems in Africa, adding that the ongoing consolidation and recapitalisation of banks demonstrated that the administration’s economic policies were already yielding results.
According to him, the reforms had helped restore investor confidence, strengthen protection for depositors’ funds and position the Nigerian economy for long-term growth.
Turning to insecurity, Akpabio acknowledged that the security challenges confronting the country remained a major obstacle to development, stressing that a stable security environment was essential for both local businesses and foreign investment.
“Insecurity is a direct enemy of development,” he said.
“No foreign investor will build in an atmosphere of chaos, and no local business can thrive without safety.”
Akpabio said security agencies had shifted from a reactive approach to a more proactive strategy in confronting criminal elements, including bandits and insurgents.
“The security forces are taking the fight directly to the enclaves of criminals, bandits, and insurgents,” he said.
“The strategy has shifted from reaction to proactive confrontation, and I assure Nigerians that insecurity will be defeated.”
The Senate President called for greater cooperation between citizens and security agencies, saying military hardware alone could not end criminality without credible intelligence from communities.
“Security is a collective civic responsibility,” Akpabio said.
“Our security personnel are working tirelessly on the frontlines, but they rely on actionable intelligence from the communities they protect.”
He urged Nigerians to abandon the culture of silence and promptly report suspicious activities to the appropriate authorities.
“If you see something, say something to the proper authorities,” he said.
Akpabio also acknowledged the temporary economic challenges being experienced by Nigerians, saying the sacrifices being made were part of efforts to address structural problems and build a stronger and more sustainable economy.
He said the reforms had already begun yielding results, adding that President Tinubu and members of his cabinet remained committed to implementing policies aimed at creating a more prosperous future for Nigerians.
“We acknowledge the sacrifices of the Nigerian people,” he said.
“President Bola Ahmed Tinubu and his cabinet members are not resting on their oars.”
The Senate President urged Nigerians at home and in the diaspora to continue supporting national development and work with government institutions towards achieving the country’s economic and security objectives.
“Let us stand united, support our security agencies, and work hand-in-hand with this administration to build the nation of our dreams,” he said.
Akpabio has previously expressed confidence that Nigeria would overcome its security challenges, while the National Assembly has continued to pledge support for security operations and economic reforms under the Tinubu administration.
