Islamic banking will improve Nigeria’s economic development-Minister

Channels Television  
Updated September 20, 2012

The Minister of state for Finance, Dr Yerima Ngama, is asking for increased awareness on Islamic banking to prevent economic crisis and boost the nation’s economic development.

The Minister was speaking at a forum sponsored by Mutual Benefits Assurance PLC in Abuja on Wednesday.

Dr Ngama listed various challenges obstructing the growth of Islamic banking in Nigeria, noting that the banking system will help position Nigeria as the financial hub of Africa.