The recapitalization of Nigeria’s banking system is a rare policy moment that is simultaneously technical, misunderstood, and profoundly consequential. To many outside the financial system, the directive by the Central Bank of Nigeria seemed almost literal: banks were told to “raise capital,”
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Dr Hani Okoroafor is a global informatics expert who advises corporate Boards in the public and private sectors. His multidisciplinary consulting practice operates in Europe, Africa, North America and the Middle East.

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