Address low credit-to-GDP ratio, ex-CBN official tasks banks

Former Deputy Governor of the Central Bank of Nigeria, Dr Sarah Alade, has called on Nigerian banks to address the nation’s low credit-to-GDP ratio and the increasing threat of digital fraud.

According to a statement from the Chartered Institute of Bankers of Nigeria on Monday, Alade made this call during her keynote address at the annual Induction and Prize Awards ceremony held on Saturday.

The credit-to-GDP ratio indicates the amount of…