Senate President Godswill Akpabio has declared that Nigeria’s banking sector is now stronger and more resilient, while assuring Nigerians that the country’s insecurity will soon be defeated.
Akpabio made the remarks while rallying citizens behind President Bola Tinubu’s Renewed Hope reforms, arguing that financial-sector reforms, security operations and cooperation between citizens and security agencies were important to economic recovery and national development.
The Senate President said the era when banks could suddenly collapse and depositors lose their funds was over, attributing the development to reforms introduced 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.
According to Akpabio, the ongoing consolidation and recapitalisation of banks demonstrate that the administration’s economic policies are producing results. He added that the reforms had helped restore investor confidence, protect depositors’ funds and position the economy for long-term growth.
On insecurity, Akpabio acknowledged that security challenges remained a major obstacle to Nigeria’s development.
“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.”
The Senate President said security agencies had moved from a reactive approach towards a more proactive confrontation of criminal elements.
“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.”
Akpabio also called for greater cooperation between citizens and security agencies, saying military hardware alone could not end criminality.
He urged Nigerians to provide credible and timely information to security authorities, describing citizens as an important source of intelligence.
“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 report suspicious activities to the appropriate authorities.
“If you see something, say something to the proper authorities,” he said.
Akpabio also acknowledged the economic difficulties currently faced by Nigerians, describing the sacrifices being made as part of efforts to address structural challenges and build a stronger economy.
“We acknowledge the sacrifices of the Nigerian people,” he said.
“President Bola Ahmed Tinubu and his cabinet members are not resting on their oars.”
He said the administration remained committed to policies aimed at creating a more prosperous future for Nigerians.
The Senate President urged Nigerians in the country and the diaspora to support national development and cooperate with government institutions.
“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.
