The Governor of the Central Bank of Nigeria , Mr. Godwin Emefiele, yesterday said that the provision of cheap financing to boost local production of priority goods in critical sectors of the economy remained the key to achieving sustainable growth.He spoke while delivering his keynote address, titled: “From Recession to Growth: The Story of Nigeria’s Recovery from the 2016 Economic Recession”, at the special convocation of the University of Nigeria, Nsukka , Enugu State.
Meanwhile, the Governing Council of the university, yesterday awarded Emefiele with a Honorary Doctorate Degree in Business Administration in recognition of his outstanding performance in the management of the economy, especially his role in steering the country out of recession and making unprecedented interventions in key sectors of the economy, particular agriculture, where he was described as “Father of the Anchor Borrowers Programme”.
He said his second term as CBN governor would be used to aggressively pursue policies that were meant to diversify the economy. Get better in the sense that I will also emphasise that Nigerian policy makers are good at developing policies but the biggest challenge of the Nigerian economic policy is that people try circumventing policies.
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Source: Daily Trust - 🏆 13. / 51 Read more »