The Central Bank of Nigeria (CBN) urged all relevant stakeholders in Financial System Strategy 2020 to to support the project to the final conclusion.
Speaking in Sokoto at annual seminar organised by the CBN for Finance Correspondents and Business Editors, with the theme: Monetary Policy in a Period of Economic Uncertainty, the Director Financial System Stability 2020 CBN, MD Sulelyman stated that the FSS 2020 was put in place to sustain the microeconomic stability, deepen the banking payment and financial system in the country as well as evolving appropriate regulations and laws to drive the economy.
“The Transformational Programs for accomplishing the overall goals of FSS 2020 Financial Markets Sector are derived from the Money& Foreign exchange markets and the Capital market” by Dr. Charles Ohamara, Head, Financial Markets, FSS2020 Secretariat.
2017 Sokoto annual seminar is the CBN 23rd editions for Finance Correspondents and Business Editors which usually moves from one state to another, with previous one held in Abakaliki, Ebonyi.
Others include encourage transparency and promote other avenues for the funding government expenditure, addressing shortage of qualified and experienced manpower, enhancing corporate government regime as well as encourage made in Nigeria products.
However, Sulelyman noted that for the CBN FSS 2020 to be achieved, the provisions of infrastructure by Government and building of capacity to abridge skill gasps and competence remained paramount adding that creation of strong legal and regulatory framework to drive the economy will ease the conduct of doing business in the country.
Also speaking at the event, the Head financial markets, FSS 2020 Secretariat CBN, Dr Charles Ohamara noted that the whole effort the FSS 2020 as regards to financial market was geared toward ensuring that all big companies currently operating in Nigeria which are not quoted on the Nigeria Stock Exchange were encourage to list in the market to ensure that shareholders benefit from them.
Ohamara assured that the apex bank and Securities and Exchange Commission were working with telecoms and oil and gas companies among others to ensure the feat is achieved.