CBN Governor, Emefiele Reveals His 2nd Term Policy Thrust

By Emekus - 2019-05-18 10:40:29 - [ News ]
Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele
Speaking at a Special Convocation Lecture of the University of Nigeria, Nsukka (UNN), yesterday, he also said that those who circumvent economic policies would be dealt with.
Mr. Emefiele who  was given an honorary doctorate degree by the university urged all policy makers in the country to be forthright on how to return the nation to the path of growth and massive employment of the youth.
Mr Emediele, an alumnus of UNN, said:“I think in this next phase, we will focus on what we can  do to consolidate our growth. We are talking about price stability, we must do something to improve growth.  What did we do to bring inflation down? We must continue to do that.  What did we do to reduce our imports? We will continue to do it.
“But I think it is important to keep on saying that Nigeria belongs to all of us and that we all have  roles to play to make  sure things get better.  Get better in the sense that I will also emphasize that Nigerian policy makers are good at developing policies but the biggest challenge of Nigerian economic policies is that people try to circumvent policies.
“Given this opportunity now, we will make it very difficult for people to circumvent economic policies. Policies that are meant to diversify our economy will be pursued very aggressively. Policies that would help to create jobs for our children, we must learn to respect our policies.
“If you don’t respect the economic policies of this country, and you fall short of our economic policies as an economic saboteur, you will be dealt with.”
He said that Nigeria had wasted much growth opportunities in the past  by abandoning agriculture and manufacturing sector(s) and depended on crude oil.



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