Building resilience: recapitalizing nigerian banks in the face of severe naira devaluation.

This article analyses the strategy of the Central Bank of Nigeria (CBN) to recapitalize Nigerian banks in order to pave way for Nigeria's projected economic goal of achieving a Gross Domestic Product (GDP) of $1 trillion over the next 8 years. The article highlights why it is crucial for Nigerian banks to increase their current capital base of N25 million in view of gross loss of value occasioned by depreciation of the Naira and inflationary pressures. Importantly, the article addressed strategies which Nigerian banks may explore to raise funds to enable them meet the revised capital requirements.