ECONOMY:EMEFIELE WOOS CONGLOMERATES
As Nigeria continues the process of full reopening of its economy due to the lockdown over the corona virus( COVID19) outbreak, the governor of central bank of Nigeria Godwin Emefiele has urged the industrial conglomerates operating in the country to support efforts aimed at growing the Nigerian economy and returning it to its glory days.
Emefiele also warned that the CBN will not support the importation of items that can be produced in Nigeria because the bank could not spend its foreign exchange reserve on what will not boost the economy and generate jobs for Nigerians.
He therefore enjoined the conglomerates to key into the current administration's drive to diversifying the base of the Nigerian economy by taking advantage of its large population to market their products which he insisted could be produced in nigeria and exported to the rest of the world.
He also pledged the bank's willingness to provide foreign exchange to companies that required such for raw materials and machinery that could not be obtained in Nigeria.
Emefuele made this statement at the weekend while speaking during a virtual meeting with Chief Executive Officers(CEOs) of conglomerates in Nigeria.
(0) Comment
(0) Comment