Home Business & Economy CBN set draw economic roadmap for Buhari’s second tenure

CBN set draw economic roadmap for Buhari’s second tenure

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The Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele has committed to dedicating his second tenure in office to directing the nation’s economy on a higher growth trajectory.

It was against this backdrop that Mr. Emefiele said that CBN will soon unveil a new roadmap for the nation’s bank industry in particular and the economy at large.

He said the new roadmap will be unveiled after series of consultations with critical stakeholder groups.
Emefiele gave the assurances as he began his second tenure as CBN governor on Monday, June 3. 2019 following the confirmation of his re-appointment by the Senate on May 16.

In a statement signed by the CBN Director Corporate Communications, Mr Isaac Okoroafor, Emefiele was sworn in by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs. Alice Karau.

Emefiele after taking the oath, expressed gratitude to God, President Muhammadu Buhari for nominating him and the Senate for confirming his appointment.

He also thanked the management and staff as well as the media for all their support during his first term in office.

He charged all stakeholders to strengthen efforts at building a healthy and stable system in the best interest of Nigeria.The CBN governor also reiterated the bank’s focus to play an active role in supporting job and wealth creation in Nigeria.

“We must strengthen our efforts over the coming years to stimulate growth and job creation in critical sectors of the economy, which will help insulate our economy from shocks in the global economy.“We must also work to build a healthy and stable financial system that will contribute to the growth of our economy, while preserving price stability,” he said.

Emefiele however, said that more work needs to be done in building a stronger economy for the benefit of all.

According to him, the pace of Gross Domestic Product (GDP) growth remained fragile and was below the rate of Nigeria’s annual population growth at 2.7 per cent.

He, therefore, pledged that the CBN would continue to collaborate with the fiscal authorities to strengthen growth and wealth creation in the country.

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