Bank, non-oil, CBN, MPC

The Central Bank of Nigeria (CBN) has reiterated its commitment to being people-centred and meeting the needs of the Nigerian people.

Mr Osita Nwanisobi, Acting Director, Corporate Communications Department, CBN made the assertion on Thursday at the opening of a two-day CBN fair, held concurrently in Lagos and Abeokuta, Ogun.

The News Agency of Nigeria (NAN) reports that the fair is a platform where CBN has interactions with significant stakeholders to explain some of its policies, interventions initiatives and programmes.

It is also to solicit responses from them in a bid to help the bank refine its policies.

“If you will recall, when the Central Bank Governor, Godwin Emefiele  assumed duty on June 4, 2014, he made a profound statement that his vision is to build a people-centred central bank.

“You cannot build a people-centred central bank if you don’t listen to the people, see how polices and our interventions transmit to the people.

“If you look at the interventions that the governor has come up with, these are interventions that speak to the needs of the average Nigerians.

“So, we will continue to do our best and try more to see how we can meet the needs of the Nigerian people,” Nwanisobi said.

He said that the targeted credit facility, among others that came in as a result of the COVID-19, mitigated  adverse impact of the pandemic across families, households and businesses.

Nwanisobi said the bank got into some of the interventions because of the failure and inefficiency of the credit market.



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