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CBN out to stimulate economic growth – Emefiele



The Governor of the Central Bank of Nigeria, Godwin Emefiele, said that the main objectives of the central bank were to stimulate economic development for the benefit of Nigerians to do business at all levels to have a better and more complete life.

Speaking on Thursday at Kano State in a two-day awareness program labeled “CBN FAIR” held at the Marhaba Events Center in Kano, the Governor who was represented by a Deputy Director of CBN,

Alhaji Aliyu Katuka, said that the main objective of the two days The program consisted of sensitizing and mobilizing the population about the bank’s financial operations.

According to him, it is also about the bank’s position to raise awareness about CBN’s activities in terms of the bank’s economic development initiatives to explain to the public the opportunities available and how each citizen can take advantage of them.

He said that some of the initiatives of the CBN were based on monetary policy, the modernization of the payment system, the development of the financial program and financial education, all designed to modernize, reposition and reconstruct vital sectors of the economy.

Governor Emefiele also revealed that some of the initiatives included “Agricultural Credit Guarantee Scheme, Fund (ACGSF), Small and Medium Enterprise Microenterprises

(MIPYME) Microfinance Policy, Commercial Agricultural Credit Scheme (CACS), Electronic Payment System (alternative payment channels) Mobile Banking, Rights of consumers of financial services, “among others.

He said that, without a doubt, these good initiatives are quite capable of repositioning the economy if they understand each other well and take advantage of opportunities.

The Governor said that this fair was key to mobilizing low-income but economically active people, especially women, youth, entrepreneurs, farmers and financial services providers to join,

interact and create synergy, to improve access to finance, increase productivity, generate employment, create wealth and generate sustainable growth.

In his brief remarks, a former Special Advisor to the Governor of Kano State, Dr. Alhaji Sagir Mohammed, who represented Governor Ganduje on occasion,

praised the CBN’s initiatives to mobilize Nigerians so that they could know their rights. And how to explore the many opportunities that abound in the apex bank.

“He said the CBN’s hope of providing ninety-five percent of Nigerians to be part of financial inclusion had manifested itself in practical reality.”