By Peace Udugba -The daily torch media
Lagos — Agusto & Co. has brought together top banking executives, regulators, investors and policy leaders at its 2026 Economic Roundtable to examine the implications of Nigeria’s ongoing banking recapitalisation.
Themed “Nigeria’s Banking Recapitalisation: What Does It Mean for the Nigerian Economy?” the forum focused on what the capital raise means beyond the numbers — particularly for financial system stability, credit quality, investor confidence and long-term economic growth.
Speaking at the event, the Managing Director of Agusto & Co., Yinka Adelekan, said the recapitalisation exercise comes at a critical point for the banking sector and the broader economy. She stressed the need for informed and forward-looking conversations to ensure the process strengthens not just bank balance sheets, but the foundation of Nigeria’s financial system.
In his keynote address, Matthew Verghis, Country Director of the World Bank in Nigeria, described recapitalisation as an opportunity to reposition the banking sector as a driver of economic transformation. According to him, a stronger banking system can better finance MSMEs, support infrastructure development and deepen financial intermediation for inclusive growth.
A high-level panel session examined the practical impact of recapitalisation on banks, corporates and the wider economy. Panelists included Roosevelt Ogbonnaya, Managing Director of Access Bank Plc; Deepak Bhojak of Tolaram; Johnson Chukwu, Managing Director of Cowry Asset Management; and Isaac Babatunde. Discussions centered on capital adequacy, risk management, credit allocation and the sector’s role in supporting sustainable growth.
Head of Agusto Consulting, Jimi Ogbobine, also presented a macroeconomic outlook, highlighting key trends and uncertainties expected to shape Nigeria’s economy in 2026.
The roundtable ended with an interactive session aimed at strengthening collaboration among stakeholders. Agusto & Co. reaffirmed its commitment to providing independent research and thought leadership as Nigeria’s financial landscape continues to evolve.
