L-R: MR AKINSOLA AKINFEMIWA, CHAIRMAN, HERITAGE BANK, BRIG. GENERAL JOHNSON OLAWUNMI, DIRECTOR GENERAL NYSC, MR GODWIN EMEFIELE, GOVERNOR, CENTRAL BANK OF NIGERIA, DR (MRS) SARAH ALADE, DEPUTY GOVERNOR, ECONONMIC, CENTRAL BANK OF NIGERIA AT THE LAUNCH OF THE CBN/NYSC YOUTH INNOVATIVE ENTERPRENEUURSHIP DEVELOPMENT PROGRAMME (YIEDP) IN ABUJA TODAY, MARCH 15, 2016.
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has called for a paradigm shift in the funding model for Development Finance Institutions (DFIs), if they must live up to their mandate of supporting key sectors of the economy amid the current fiscal challenge occasioned by falling price of oil.
There are fresh indications that the real sector of the economy would drive the nation’s economy in 2016.
Despite the challenges in the global economy, top executive officers in the banking industry have expressed the hope that 2016 would be a very challenging year for all.
ADEKUNLE ADESUJI and EUCLID MYKE, Abuja
FOLLOWING the poor state of the nation’s economy and the continued fall in the value of the naira, Senate on Wednesday concluded plans to invite the Central Bank of Nigerian (CBN) Governor, Mr. Godwin Emefiele, to brief it on the state of the economy.
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has proposed that the incoming government to be led by General Muhammadu Buhari consider scaling down its majority stakes in joint ventures with multinational oil companies to shore up state finances and raise funding for infrastructure development.