Fidelity bank card banner Camano banner

Emefiele appears before Senate, says road to economic emancipation rough

By News Express on 15/05/2019

Views: 322

•CBN Governor Emefiele
•CBN Governor Emefiele

Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has stated that the road to Nigeria’s economic emancipation is rough and tough, noting that it will take intense hard work and renewed commitment from Nigerians to make the desired headways.

He stated this on Wednesday while appearing before the Senate Committee on Banking and Finance during the screening session for his reappointment for a second tenure of five years.

In his presentation, the boss of Nigeria’s apex bank indicated that Nigeria has fared very poorly in terms of economic growth compared with other countries in the same economic bracket at the time of independence in the 60s.

He cited poor policy implementation as being at the heart of Nigeria’s many economic woes.

Adding, he said: “The CBN is perfecting plans of widening the scope of its intervention funding in the agricultural sector to include other areas that were previously not covered so as to pave way for economic diversification.”

He further expressed worry that with Nigeria’s fast growing population which is projected to reach 450 million by 2050, a lot of work needs to be done in putting up policies that will effectively manage the swelling population.

Senate Committee on Banking and Finance commended Emefiele for his achievements in spear heading the country’s economic fortunes during his first term in office as boss of the apex bank, noting his part in taking the country out of recession.

He was equally urged not to rest on his oars but aim to avoid the economic pitfalls of the past five years.

President Muhammadu Buhari, it will be recalled, had last week requested through a letter senate’s confirmation on the re-appointment of Godwin Emefiele as Governor of the Central Bank of Nigeria.

Source News Express

Posted 15/05/2019 7:50:19 PM

 

 

CLASSIFIED ADS

 

You may also like...
ACPN disowns Ezekwesili, throws weight behind Buhari’s re-election...

As The ‘Boss’ assumes office

Obiano boosts Anambra police with 25 American-styled security...

Era of impunity has ended in Rivers —...

Buhari reveals what Idiagbon did when he was...

Adegboruwa faults Osinbanjo, says nothing like hate speech...

Bayelsa to conduct local council election in 2018...

Cloned Buhari: Biafra Nations Youth League dismisses Kanu’s...

Special feature: Presenting Nigeria’s 10 exceptional newbreed music...

Somalia president impeachment motion ‘dropped’

Hope for African free trade

Ukah takes charge as Delta Basic and Secondary...

 

Latest News Ekweremadu, others conspired to kill me — Nnamdi Kanu How soldiers killed policemen, cut my handcuffs, set me free — Kidnap kingpin Wadume All set for inauguration of ministers EFCC investigation: No cause for alarm, says Ambode Activist slams N50bn suit on Anambra State Government, Police, revenue racketeers 2023: Shehu Sani makes case for Igbo Presidency Sowore planned to violently topple government — DSS Steer clear of Delta, pirates, violent herdsmen, others told EFCC alleges attack by thugs during operation at Ambode’s residences Buhari appoints Heads of Federal agencies DPR warns against use of cell phones at petrol stations Ayade’s 23 megawatts power plant suffers setback 3 days into test transmission

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (528,885 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (438,527 views) Shameless Genevieve Nnaji exposes breasts in public (383,420 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (322,215 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (290,224 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (251,207 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (245,903 views) 10 cars more expensive than Jets (232,764 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (227,901 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (214,128 views) Lagos plane crash: Journalist releases victims’ names (193,036 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (190,941 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (98) Business & Economy (4,396) Business Verdict (79) Columnists (1,094) Complaints & Requests (95) Enterprise & Opportunities (215) Entertainment (647) Features (795) Global Business Monitor (419) ICT Monitor (58) International (3,850) Interview (198) Live Commentary (30) Love Matters (166) Maggie's Blog (383) News (50,217) Opinion (1,326) Pidgin (17) Politics (11,323) Religion (1,085) Sports (2,133) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera