CBN confirms steady economic progress

CBN confirms steady economic progress

The Central Bank of Nigeria (CBN) has declared that Nigeria’s economy is undergoing steady progress with the tremendous improvement in the country’s reserve, calling for the support and cooperation of all stakeholders.


The governor of the apex bank, Godwin Emefiele represented by the deputy governor of the bank, Adelabu Adebayo, at a function in Ibadan, the
Oyo state capital  stressed that four years down the line, the bank through its numerous policies and action plans has refocused the economy
of Nigeria.

The CBN governor revealed that Nigeria reserve has double from 24 billion to 48 billion while the gross domestic product reversed with attendant growth and stability.

While reaffirming the commitment of the management of the apex bank to steady economic progress and development, Emefiele disclosed that necessary measures would be in place to recover all that had been lost during the economic recession.

He challenged staff of the bank and other stakeholders to redouble their efforts in this regard.

 

Report by John Felix 

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