CBN urges Nigerians to take advantage of it’s financial stability interventions.
The Central Bank of Nigeria (CBN) has continued to educate Nigerians about the need of embracing its intervention programs in order to ensure financial stability and economic growth.
Mr Osita Nwanisiobi, CBN‘s Director of Corporate Communications, stated this during the opening session of a two-day expo held by the Bank in Owerri.
Mr. Sam Okogbue, Deputy Director, Corporate Communications Department, represented Nwanisiobi, who stated that the intervention programs were aimed at emancipating businesses and reducing poverty.
Nwanisiobi, who spoke on the topic of “Promoting Financial Stability and Economic Development,” said the CBN had implemented interventions in the agricultural, manufacturing, and other sectors.
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CBN urges Nigerians to take advantage of it’s financial stability interventions.
He went on to say that the CBN‘s Anchor Borrower’s program was the nation’s saving grace for enhanced rice availability at the COVID-19 pandemic’s peak.
“Rice was the most popular component of our palliatives during the COVID-19 pandemic.” “This is a result of the CBN‘s rice farmer Anchor Borrower’s program,” he explained.
He, on the other hand, bemoaned Nigeria’s over-dependence on imports, which he claimed was to blame for the Naira’s depreciation.
“No successful economy relies on the marketing of imported products above the exportation of locally created products,” he said, describing the manufacturing sector as a lifeline for economic progress.
Mrs. Uchenna Onyene of the Currency Operations Department, in her presentation, urged Nigerians to treat the Naira with caution, citing Section 21, Sub-section 4 of the CBN Act 2007.
She urged Nigerians to adopt the CBN‘s cashless policy in order to decrease risk and improve transaction seamlessness, noting that the bank was dedicated to ensuring payment innovation for a better customer experience.
Many bank clients attended the sensitization workshop, which was also held remotely with the attendees in Awka, Anambra State.
The onboarding of stakeholders onto the eNaira platform was a highlight of the event.
