The exceptional restoration of Nationwide Funding Financial institution PLC (NIB) is a direct results of the visionary management of President John Dramani Mahama and his daring nationwide reset agenda.
Inheriting a financial institution weakened by years of monetary misery, undercapitalization, and institutional neglect, the Mahama administration made good on its promise to revive NIB—not simply as a banking establishment, however as a important pillar in Ghana’s industrial and financial future.
Acknowledging the urgency of NIB’s turnaround, President John Dramani Mahama appointed Chief Dr. Doliwura Zakaria as Managing Director, believing firmly that solely a daring, strategic, and visionary chief may steer the financial institution from the brink of collapse to a brand new period of relevance and development.
His appointment was not merely symbolic; it was a deliberate, high-stakes resolution rooted in confidence in Dr. Zakaria’s confirmed capability to ship institutional outcomes even beneath strain. Chief Doliwura delivered to the position a wealth of expertise in public sector reform, monetary administration, and organisational transformation.
His tenure started with a transparent mandate: to revive NIB’s monetary stability, re-establish its industrial growth focus, and rebuild public and investor confidence within the establishment. What actually set him aside—and proved indispensable—was his capacity to mobilise political and institutional assist on the highest ranges.
He’s not solely a dynamic company chief but additionally an completed educational whose mental depth informs his strategic strategy to institutional growth. With a distinguished educational background that spans finance, public coverage, and governance, he brings scholarly perception to each management problem.
His deep analysis orientation and evidence-based decision-making type have earned him respect in each educational {and professional} circles. Past academia, Chief Doliwura is extensively recognised as an distinctive useful resource mobilizer, adept at attracting funding, forging strategic partnerships, and unlocking capital from each private and non-private sources.
His capacity to align institutional targets with nationwide priorities makes him a trusted determine amongst policymakers and growth companions alike—an asset that has confirmed instrumental in repositioning NIB as a important engine for Ghana’s financial transformation.
Behind the scenes, Chief Doliwura performed a central position within the profitable foyer for recapitalisation, working tirelessly with stakeholders throughout authorities, regulatory our bodies, and growth companions to speak NIB’s strategic worth to Ghana’s financial system.
His deep relationships inside public administration, mixed with a eager understanding of coverage dynamics, allowed him to border the financial institution’s recapitalisation not as a bailout, however as a nationwide funding in industrial transformation.
From high-level engagements with the Ministry of Finance to technical discussions with the Financial institution of Ghana and strategic advocacy inside Parliament, Chief Doliwura was each the architect and chief negotiator of the rescue plan.
His capacity to talk the language of each policymakers and technocrats ensured that NIB’s recapitalisation remained on the nationwide agenda, in the end securing the GH¢1.92 billion injection that revived the financial institution’s operations.
Along with his intensive skilled achievements, Chief Doliwura is a seasoned enterprise chief with energetic pursuits within the hospitality and healthcare sectors. He additionally serves as a International Peace Ambassador and is a revered member of the African Union Interfaith Dialogue Discussion board, the place he contributes to advancing peace, unity, and cross-cultural understanding throughout the continent.
Immediately, with a restored capital adequacy ratio, renewed operational vitality, and clear strategic course, NIB’s renaissance stands as a testomony not solely to the federal government’s intervention however to Chief Doliwura’s distinctive management, diplomatic ability, and unwavering dedication to nationwide growth. His position on this turnaround goes far past the boardroom—it’s a story of affect, mind, and patriotic resolve.
This intervention was not a mere bailout—it was a purpose-driven funding in Ghana’s future. It displays the Mahama administration’s agency perception in strengthening indigenous establishments, creating jobs, and constructing resilience within the monetary sector. The recapitalisation varieties a part of a wider effort to recalibrate the financial system, restore confidence in state establishments, and supply long-term, sustainable financing to key sectors corresponding to manufacturing, agribusiness, vitality, healthcare, and expertise.
Immediately, NIB stands remodeled: absolutely capitalised, strategically repositioned, and reenergized to ship on its mandate. The Financial institution is now well-placed to assist Ghana’s 24-hour financial system, scale up SME financing, and be a number one associate in nationwide growth.
The Administration and workers of NIB, beneath the management of Managing Director, Chief Doliwura, specific their profound gratitude to President John Dramani Mahama for his decisive motion and unwavering perception within the Financial institution’s potential. The Financial institution additionally lengthen heartfelt appreciation to the Ministry of Finance, the Financial institution of Ghana, and all stakeholders who contributed to this historic turnaround.
With renewed function and nationwide backing, NIB is able to lead the cost into a brand new period of business transformation and financial empowerment.
A Legacy Reimagined: From Misery to Renaissance
For over six a long time, the NIB has stood as a key pillar in Ghana’s quest for industrialisation and financial independence. Established in 1963, NIB’s authentic mandate was clear: to function a growth finance establishment that would supply long-term funding to the burgeoning industrial sector of an rising Ghana. The imaginative and prescient of the post-independence authorities was daring: construct indigenous capability, empower native enterprise, and create jobs via structured investments in manufacturing, agro-processing, and industrial innovation.
Through the years, NIB developed to fulfill the wants of a rising financial system. From a growth finance establishment, it steadily assumed business banking capabilities to higher serve the non-public sector and deepen its footprint throughout the nation. Nonetheless, like many state-owned enterprises, the financial institution encountered turbulent instances, burdened by years of undercapitalization, legacy money owed, and operational inefficiencies. By the top of 2018, NIB’s financials confirmed distressing indicators. The financial institution was saddled with over GHS 2.4 billion in non-performing loans and liabilities, pushing it right into a place of monetary pressure that threatened its very existence.
Confidence Restored, Imaginative and prescient Renewed
With this full recapitalisation, NIB PLC is not only surviving—the financial institution is prospering. The financial institution has applied a rigorous restructuring plan: modernising its digital infrastructure, streamlining operations, retraining workers, and bettering danger administration frameworks. Immediately, NIB stands as a liquid, solvent, and aggressive monetary establishment, able to ship actual affect.
However NIB isn’t stopping there. The Financial institution’s renewed focus is on the Ghanaian entrepreneur, the medium-scale enterprise, the start-up with potential, and the industrialist in want of affected person capital. NIB is revisiting its roots—offering accessible, long-term funding tailor-made to assist Ghana’s industrial resurgence.
NIB and Ghana’s 24-Hour Economic system
One of many transformational coverage instructions championed by the Mahama administration is the rollout of a 24-hour financial system—a daring initiative designed to spice up nationwide productiveness, generate sustainable employment, and unlock financial potential throughout a number of sectors. On the coronary heart of this bold imaginative and prescient is the necessity for dependable monetary establishments that may assist companies to function past conventional working hours. The Nationwide Funding Financial institution PLC (NIB) is proud to be a strategic driver and enabler of this agenda.
NIB has already taken a big step ahead in operationalising this imaginative and prescient with the opening of its new Adentan DVLA Department, designed to assist round the clock banking companies. This department is the primary within the banking trade to be situated inside a 24-hour authorities service facility, reinforcing its dedication to delivering accessible banking that aligns with the calls for of a contemporary financial system.
The Adentan DVLA department won’t solely serve clients in any respect hours of the day but additionally present important monetary companies to companies and people whose work schedules lengthen past the standard 9-to-5.
This initiative marks a paradigm shift in public service supply, and NIB is proud to be main the way in which. The Adentan mannequin demonstrates how monetary establishments can collaborate with authorities businesses to convey the 24-hour financial system to life in sensible, impactful methods.
Past this, NIB’s dedication to Ghana’s 24-hour financial system runs deep. The Financial institution is ready to finance manufacturing hubs, develop agro-processing services, and assist logistics, healthcare, vitality, and expertise companies to scale operations throughout a number of shifts.
NIB is positioning itself because the financial institution for the productive class—from blue-collar manufacturing facility employees to digital innovators—making certain that Ghanaian enterprises have the capital and banking assist they should thrive in a 24-hour financial system.
By bridging entry to capital and providing tailor-made monetary options that assist prolonged enterprise operations, NIB is not only supporting coverage—it’s shaping the longer term. With greater than 24-hour service factors deliberate and partnerships underway, the Financial institution is proud to face on the forefront of Ghana’s financial transformation.
Restoring Public Belief, Rebuilding the Model
NIB’s resurgence can be a narrative of renewed public belief. By way of energetic engagement throughout conventional and digital media, company partnerships, and neighborhood funding, the financial institution is reintroducing itself to the Ghanaian public—not simply as a financial institution, however as a associate in progress. The brand new buyer expertise technique displays this imaginative and prescient: accessible, dependable, and responsive.
Already, NIB is seeing rising deposits, elevated lending exercise, and robust stakeholder confidence. It is a testomony to the truth that a robust public financial institution isn’t a relic—it’s a necessity in a creating financial system like ours.
Last Ideas: Ghana Wants NIB Now Extra Than Ever
As Ghana marches ahead on the trail of industrialization and inclusive financial development, Nationwide Funding Financial institution PLC will stay on the coronary heart of this transformation. With a transparent mandate, the backing of presidency, and the belief of the individuals, the Financial institution is positioned to assist the nation’s boldest ambitions.
The story of NIB is one in every of resilience, revival, and renewed relevance. It’s a reminder that public establishments, when supported and reformed, can ship highly effective outcomes for nationwide growth.
To each Ghanaian enterprise searching for a associate, to each native producer in search of financing, to each employee in search of hope—NIB is again, and it’s right here for you.
DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially signify the views or coverage of Multimedia Group Restricted.
DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially signify the views or coverage of Multimedia Group Restricted.
Source link
