Vice President Yemi Osinbajo on Tuesday urged the banking sector to support the country’s Economic Recovery Growth Plan (ERGP) to enable it achieve 7 per cent annual growth forecast by 2020

Osinbajo made the call at the 22nd World Conference of Banking Institutes (WCBI) hosted by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos.

The News Agency of Nigeria (NAN) reports that the theme of the conference is: “Rethink the future of Banking and Finance and Life Long Learning.’’

The Vice President, who commended the industry for supporting national development in many ways, said the industry must overcome funding challenges for the government to achieve its aims.

Osinbajo said the industry must also support Small and Medium Enterprises (SMEs) to achieve inclusive growth.

“The banking industry has been able to provide job opportunities to many Nigerians, among others.

“We expect the sector to support our EGRP to enable it achieve sustainable and inclusive growth of core 7 per cent annual growth by 2020.

“The banks must focus on how to overcome the present fund supply constrains and support Small and Medium Enterprises to succeed,” Osinbajo said.