CBN Monetary Policy To Improve local production — Emefiele

CBN Governor
Mr. Godwin Emefiele, the former Zenith Bank Plc Chief Executive assumed the mantle as the 11th CBN chief as well as its 10th indigenous governor.

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Godwin Emefiele, Governor, Central Bank of Nigeria, CBN, yesterday, said the apex bank will sustain the use of intervention funds and exchange rate stability to boost domestic production. Eli Manning Jersey Womens Air Jordan 5 Speaking at a seminar organised by the bank for finance correspondents and business editors in Awka, Anambra State. Zach Mettenberger – LSU Tigers adidas alphabounce hombre Emefiele who was represented by Acting Director, Corporate Communication Department, Mr. Isaac Okorafor, said: “CBN will continue to explore further avenues to ensure that interest rates are supportive of domestic production needs. Nike Hyperdunk
The bank will continually fine tune measures to ensure and guarantee a stable exchange rate regime.” According to him: “The theme selected for this seminar: ‘Import Substitution and the Dynamics of Interest and Exchange Rates Management in Nigeria’ is indeed topical, given recent collaborative efforts to stimulate real sector activities in Nigeria and bolster economic growth. Fjällräven Kånken Ryggsäckar Aaron Rodgers This is quite significant for CBN in view of its various interventions, mainly to provide cheap financing for critical sectors and to enhance domestic production. Scarpe Nike Air Max ROSHE ONE

“Administrative measures to reduce imports may not be compatible with current trends in economic management that lean towards free markets. Keith Holcombe Jersey Nike Air Max 2016 Dames Zwart While these may not be completely dismissed, I would like to note that fundamentals of the domestic environment need to be promoted to support domestic production and invariably curtail imports. CBN recognizes these challenges in its role provide economic advice and support the Federal Government’s aspirations for economic growth and development. adidas donna Within the core remit of formulating and implementing monetary policy, the interest and exchange rates serve as major instruments for CBN’s support for import substitution. Womens Air Jordan 5 Terrelle Pryor – Ohio State Buckeyes “The bank has consistently sought to formulate interest and exchange rate policies that are conducive to the development of domestic private industrial activities, while taking due cognizance of other macroeconomic variables. Florida State Seminoles A major challenge has been structurally-induced inflation, which has presented a dilemma to policy makers on whether to align the rates with socially desired or policy consistent outcomes. new balance 574 classic italian “Indeed, CBN has embarked on massive monetary stimulus through direct interventions in sectors that hold immense benefits for the broader economy. Nike Kyrie Irving Femmes Air Jordan 13

Such interventions have been in agriculture, micro, medium and small scale enterprises MSMEs, power sector, aviation and youth entrepreneurship, among others.