NGDr. Adenrele Oni, President of the National Association of Microfinance Banks (NAMB), has requested increased support from the Nigerian Federal Government for microfinance banks (MFBs). He emphasized the need for additional funding and a more favorable regulatory environment to enhance financial inclusion and drive economic growth. Speaking during the NAMB's 16th Annual General Meeting, Oni acknowledged recent reforms by the government and central bank but argued that further intervention is necessary. He highlighted the significant growth of the MFB sector, which has expanded its balance sheet from less than N300 billion five years ago to over N6 trillion, with loan books reaching N2.4 trillion and deposits totaling N4.3 trillion as of March 2026. Oni believes that stronger government and regulatory backing will allow MFBs to better serve underserved populations and contribute to national economic development.
Bias read (Center): The article presents a balanced view of the situation, focusing on the requests made by the NAMB President without overtly favoring any particular political stance. It highlights both the achievements of the MFB sector and the calls for further governmental support, maintaining neutrality in its phr
