–  Pillar 1: Enhancing the quality of banks  –  Pillar 2: Establishing financial stability  8  BIS Review 49/2010  –  Pillar 3: Enabling healthy financial sector evolution  –  Pillar 4: Ensuring the financial sector contributes to the real economy.
In many areas, CBN needs to take the lead in implementing reforms; in other areas, CBN needs to play a key advocacy role. 3.2  Enhancing the quality of banks  Let me begin with the first pillar – enhancing the quality of banks. The CBN will initiate a 5 part programme to enhance the operations and quality of banks in Nigeria.