4 weeks ago
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The Central Bank of Nigeria (CBN) has reaffirmed its committedness to promoting fiscal inclusion, strengthening the economy, and ensuring monetary stableness done sustained engagement with stakeholders crossed each sectors.
Speaking astatine the CBN Special Day during the 20th Abuja International Trade Fair past week, the Acting Director of Corporate Communications astatine the bank, Hakama Ali, said the apex bank’s yearly information successful the just is aimed astatine deepening nationalist knowing of its policies and programmes designed to boost economical activities and inclusion.
Ali said that nether Governor Olayemi Cardoso’s leadership, the cardinal slope remains committed to addressing identified challenges successful the system to fortify productivity, heighten capitalist confidence, and safeguard the home system against outer shocks.
“The CBN annually participates successful the just to rise consciousness and sensitise our galore stakeholders astir its policies and programmes, which are indispensable for boosting economical activities, inclusiveness, and achieving planetary recognition,” she said.
Ali noted that the fair’s taxable aligns with the Bank’s propulsion to diversify Nigeria’s productive base, emphasising non-oil exports and a much resilient fiscal system. According to her, achieving sustainable economical maturation rests connected 3 captious pillars — a beardown fiscal system, a unchangeable overseas speech market, and effectual collaboration betwixt fiscal and monetary authorities.
Highlighting the bank’s achievements, Ali disclosed that Nigeria’s outer reserves roseate to $43.05 cardinal arsenic of September 11, 2025, from $40.51 cardinal astatine the extremity of July 2025, reflecting the affirmative interaction of ongoing monetary reforms and restored capitalist confidence.
She besides said the slope has continued to guarantee that the nation’s banking assemblage remains robust and resilient, with astir fiscal soundness indicators wrong prudential limits. “As precocious disclosed by the CBN Governor, fourteen banks person met their recapitalisation requirements.
The Bank is intimately monitoring the remaining ones to guarantee palmy completion of the exercise,” she added.
On the payments system, Ali reiterated the CBN’s committedness to innovation done the Payment Systems Vision 2028, a bold inaugural designed to future-proof Nigeria’s integer outgo ecosystem. The initiative, she explained, aims to broaden fiscal inclusion successful agrarian areas, heighten outgo security, and trim transaction downtimes for faster and safer operations.
The CBN spokesperson besides utilized the juncture to restate the Bank’s committedness to ensuring the availability of cleanable and acceptable Naira notes and urged Nigerians to grip the nationalist currency with attraction and dignity.
“We impulse you to spot the Naira arsenic a captious awesome of nationalist identity. Respect it and support it clean. Do not spray, hawk, mutilate, oregon counterfeit the Naira. Be ambassadors of the Bank’s cleanable Naira policy. Our Naira, Our Pride,” Ali said.
She appealed for continuous stakeholder cooperation, stressing that corporate effort remains cardinal to achieving inclusive and sustainable growth.
Earlier successful his goodwill message, the president of the Abuja Chamber of Commerce and Industry (ACCI), Chief Emeka Obegolu, described the CBN’s solemnisation astatine the just arsenic timely, noting that it underscores the captious transportation betwixt monetary policy, fiscal stability, and backstage assemblage growth.
Obegolu commended the apex slope for its accordant relation successful stabilising the fiscal strategy and supporting the existent assemblage done interventions that person benefited businesses, peculiarly Micro, Small, and Medium Enterprises (MSMEs).
“For the concern assemblage represented by ACCI, the CBN is not conscionable a regulator but a captious maturation enabler. Through entree to recognition facilities, involution funds, forex management, and fiscal inclusion strategies, the Bank has opened opportunities for our members to thrive,” Obegolu said.
He lauded the CBN’s ongoing reforms and innovative programmes specified arsenic the Open Banking Framework, enlargement of contactless payments, and regulatory sandbox for fintech innovation, which, helium said, person improved fiscal access, transparency, and integer inclusion.
The ACCI president further noted that the Bank’s absorption connected younker empowerment, capableness building, and targeted sectoral interventions successful agriculture, housing, healthcare, and acquisition has de-risked captious sectors for backstage concern and fostered a much resilient economy.
Obegolu reaffirmed the readiness of the Chamber to spouse with the CBN successful advancing fiscal literacy, argumentation advocacy, and sectoral linkages that would heighten inclusive maturation and nationalist development.
“Together, we tin physique a much stable, dynamic, and prosperou...
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