Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Currencies

CBN interventions emanate from critical issues within Nigeria’s economic space – Nwanisobi

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
September 6, 2021
in Currencies, Spotlight
The appetite for foreign goods is destroying the Naira-CBN
Share on FacebookShare on TwitterShare on Linkedin

The Central Bank of Nigeria (CBN) has stated that Nigeria’s appetite for foreign goods is destroying the naira.

Importing fewer goods, expanding agricultural investment, and diversifying the economy are all ways to assist the country’s economy recover.

This was disclosed by the Director, Corporate Communications Department, CBN, Osita Nwanisobi, at a one-day interactive session with the organised labour and civil society on the five-year policy thrust of the CBN in Enugu, according to The SUN.

RelatedPosts

The operators that determine Nigeria’s black market exchange rate

Naira closes week weaker as black market rate hits N615/$

READ: How importation is killing Nigeria’s economy

According to Nwanisobi, the apex bank implemented roughly 37 intervention programs, primarily in agriculture, to grow the economy, lower inflation, and create more jobs for the youth.

He said: “But I think what we have to know about interventions of the CBN is that they are purpose-driven, they are functionally based and it is also well thought out like I have always said. The CBN interventions are borne out of the critical issues within our economic space.

“We are here to discuss about CBN policies and intervention programmes with some significant stakeholders in this country. Our mission is to speak to workers’ leaders on what we are doing in Central Bank and they will be able to take the message back to their people with the language they will understand so that they will be at pace with what we are doing in CBN.

READ: Top 10 items imported and exported from Nigeria

“We know the issues of insurgency, insecurity, exchange pass through, issues of price adjustment in terms of power or fuel and others. All of these parked together is what we are seeing as inflation today. That is also why CBN is doing massive intervention especially in agriculture.”

Issah Aremu, Director General of the Michael Imodu National Institute of Labour Studies, complimented the CBN for implementing a national planning policy.

READ: Nigeria’s import cover drops to lowest since February

He also praised the CBN for fostering financial literacy among workers, which he believes will help people understand what is going on in the economy, the rate of inflation, and the differences between policies, their jobs, and productivity.

Related

Tags: Central Bank of Nigeria(CBN)Foreign goods

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Fuel scarcity: IPMAN meets NMDPRA, says price to remain N165 per litre at stations
    • Concerns for Nigerian startups as 126 global firms laid off 15,781 in June 2022
    • Kwankwaso explains why he cannot be running mate to Peter Obi

    Follow us on social media:

    Recent News

    Fuel scarcity: IPMAN meets NMDPRA, says price to remain N165 per litre at stations

    Fuel scarcity: IPMAN meets NMDPRA, says price to remain N165 per litre at stations

    July 4, 2022
    Concerns for Nigerian startups as 126 global firms laid off 15,781 in June 2022

    Concerns for Nigerian startups as 126 global firms laid off 15,781 in June 2022

    July 4, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com