From Desmond Mgboh, Kano
The Central Bank of Nigeria (CBN) is committed to strengthening productivity, promoting financial inclusivity, and delivering on its core mandate of monetary and price stability.
Speaking at the Central Bank of Nigeria’s Fair in Kano on Tuesday, September 16, Acting Director, Corporate Communications Department, Central Bank of Nigeria, Hakama Sidi Ali, explained that these efforts have started yielding positive results in the economy.
According to her, the results are in the form of increased inflow of foreign investments, positive trade balances, and remarkable progress in the area of financial inclusion.
She remarked that since he came on board two years ago, the current CBN Governor has spearheaded a number of key policies to strengthen the Nigeria financial system.
She listed these policies to include the unification of the exchange rate, recapitalisation of banks in Nigeria, launching of the non-residents BVN to connect Nigerians abroad with home banking, inauguration of the Nigeria Payment System Vision 2028, and the introduction of the Unified Complaints Tracking System designed to streamline the management of consumer complaints, among others.
She explained that the core purpose of the Fair in Kano is to sensitise the members of the public on how the policies of the CBN enhance their lives and livelihoods, including also how they contribute to the growth of the economy.
Speaking also, the Acting Branch Controller, Kano branch of the CBN, Saudatu Muhammad, urged the participants to make the most of the Fair and be better informed.
“CBN is always ready to interact with the public to promote financial inclusion and strengthen its relationship with the people of Kano,” she added.
The presentations at the Fair, which had the theme “Driving alternative payment channels as tools for financial inclusion, growth, and accelerated economic development,” ranged from the recent innovations in the Nigeria financial system, activities in the microfinance sub-sector, developments in the foreign exchange market, to other topics.
