 In January 2008, in a speech to the Nigerian Economic Society, he predicted consolidation in the private banking industry, saying "By the end of 2008, there will be fewer banks than there are today.The restructuring of the banking industry has been attracting funds from local and foreign investors, which have increased banks' ability to lend to customers".Chukwuma hopes to see Nigeria become Africa's financial hub, and considers microfinance important to the federal government's economic policies.