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We’ll steer Nigeria away from recession, says CBN

Dambio112 06/24/2020

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The Central Bank of Nigeria on Wednesday said it would not be stopped in its push to control the Nigerian economy away from the approaching downturn because of the impact of COVID-19.

It said this was regardless of the push by some personal stakes to censure the trustworthiness of the bank.

The Bank's Director, Corporate Communications Department, Isaac Okorafor, said the bank had revealed vile plans by certain people in Nigeria's financial and socio-political space to distract the CBN.

He said such people need to dishonor the organization through conscious falsehood, complete creations and untruths.

Isaac Okorafor noted that the CBN Governor, Godwin Emefiele, and his team at the bank would not be stopped by the activities of such people.

He said the bank, in quest for its mandate revered in the CBN Act 2007, as Amended, would keep on endeavoring to guarantee growth to the external reserves to defend the global estimation of the naira.

He added that it would keep on guaranteeing that no individual or organization dodges the framework.

As indicated by Okorafor, the naira, in the previous three years, had stayed stable against other world currencies, because of severe estimates set up by the CBN to check instances of round-stumbling.

He said the bank, working with other important offices of government, had similarly reduced the exercises of financial saboteurs neck-deep down in sneaking and other monetary violations.

Isaac Okorafor said that those contradicted to the approaches of the CBN would not yield in their effort to sabotage the bank, yet focused on that the bank stayed undaunted to the directs of its enabling Act.

He said the bank would not be diverted by emotional reactions from people who don't have good intentions for the general good of the Nigerian individuals and the economy.

Source: opera.com
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