Government moves to revive NIB this year, pledges full recapitalisation

Dr. Doliwura Zakaria, Managing Director of National Investment Bank PLC (NIB), visited Chief of Staff Julius Debrah.

The meeting allowed Dr. Zakaria to thank President John Mahama for his leadership role at NIB. He also discussed plans to revitalize the bank.

Dr. Zakaria expressed gratitude for the trust placed in him. He is committed to transforming NIB into a leading financial institution in Ghana.

During the meeting on March 25, he outlined strategies to improve the bank’s profitability by the third quarter of 2025. He believes this goal is achievable with support from the Presidency and stakeholders.

He thanked the Presidency for addressing NIB’s request to change its acronym back to Bureau of National Investigations (BNI). This change will help clarify public confusion and strengthen NIB’s identity.

Dr. Zakaria highlighted NIB's alignment with government initiatives like ‘BIG PUSH’ and “24-Hour Economy.” He mentioned a partnership with the Ministry of Transport and DVLA.

This collaboration aims to establish a modern branch at the Adenta DVLA office. The branch will provide continuous banking services, promoting financial inclusion in the community.

Addressing NIB's finances, Dr. Zakaria requested quick release of recapitalization funds from the 2025 budget. These funds are vital for strengthening NIB’s capital base and improving services.

The 2025 Budget has allocated GHS2.2 billion for full capitalization of NIB and Agricultural Development Bank (ADB). This reflects government support for state-owned financial institutions.

Honorable Debrah praised Dr. Zakaria’s proactive vision for NIB. He advised focusing on innovative, technology-driven products to enhance customer experience.

Such initiatives are crucial for attracting high-net-worth clients both locally and internationally. Debrah assured support for advocating full recapitalization of NIB due to its importance in Ghana's financial ecosystem.

Dr. Zakaria also discussed relocating NIB’s Head Office to Cedi House. He sought assistance from Debrah for swift approval from the Bank of Ghana (BoG).

He emphasized collaboration with Ministries, Departments, Agencies (MDAs), and local assemblies to manage project funds effectively. This will strengthen relationships and expand NIB’s business portfolio.

At the end of the meeting, Dr. Zakaria thanked Debrah and the Presidency for their support. He also appreciated contributions from other officials supporting NIB's efforts.

He reaffirmed his commitment to guiding NIB towards a prosperous future that contributes significantly to Ghana's economic growth and development.

This engagement highlights NIB's dedication to aligning with national goals while implementing strategic initiatives in Ghana's financial sector.