Nigeria, Sept. 8 -- The World Bank has said credit is bypassing the businesses that have the greatest potential to create jobs in Nigeria, urging the financial sector to redirect capital towards productive enterprises and infrastructure.

This was the central highlight of the keynote address delivered by Bertine Kamphuis, Lead private-sector development specialist with the World Bank, at the ongoing Chartered Institute of Bankers of Nigeria's (CIBN) 19th annual conference in Abuja on Tuesday.

The conference came under the theme "Building a Resilient Economy in an Era of Disruptions: Imperatives for the Banking and Financial Services Industry" and is scheduled to hold between 8 and 9 September at the Transcorp Hilton in Abuja.

During her...