CBN will continue to demonstrate passionate commitment to support Businesses-Emefiele

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The Bank’s strategic focus of consistently creating enabling policies that would make business enterprises to grow and continue to sustainable economic development.

 

The central bank of Nigeria (CBN) said it find the theme of this year’s Fair very apt. certainly, “CONNECTING BUSINESSES, CREATING VALUE”  aligns with the Bank’s strategic focus of consistently creating enabling policies that would make business enterprises to grow and continue to sustainable economic development, while creating the much-needed jobs essential to improve social inclusion.

 

The CBN Governor Godwin Emefiele stated this in his address during the CBN Special Day at ongoing 2021 Lagos International Trade Fair today Thursday November 11, 2021 an annual event by the Lagos Chamber of Commerce and Industry.

The CBN Governor was ably represented at the event by Mr Osita Nwanisobi the Director, Corporate Communication Department of the CBN said that over the years, the bank has played a leading role in the efforts of the federal government to create a more business friendly environment through various policies such as the Secured Transactions in Movable Assets Act know as National Collateral Registry Act and the Credit Reporting Act.

 

Emefiele further said that at the CBN, we continue to demonstrate passionate commitment to support businesses to enable them create the desired economic and social value.

 

He noted that the key objectives of these Acts, which were championed by the CBN, is to ensure that Nigerians, especially small business owners, have easy access to credit facilities from banks and other financial institutions, using movable assets

 

CBN Governor stressed further that the bank has provided policy and financing support to businesses especially the MSMEs through our development finance initiatives, because we believe that the continued provision of access to finance to various sectors of the economy will promote inclusive growth and sustainable development.

Emefiele Commended the management of the Lagos Chamber of Commerce and Industry -LCCI for providing us a platform to engage with our stakeholders.

In conclusion Emefiele said that bank, under my leadership will not only continue to deliver on its primary mandate of ensuring monetary and price stability but will create an environment for inclusive economic growth and sustainable development of Nigeria. The bank will equally continue to monitor progress and respond promptly and flexibly to support Nigeria’s recovery from Covid-19 and closely watch economic and financial conditions with a view to applying appropriate monetary policy tools.

 

You can visit our website for all enquiries relating to how best we can serve you through any of our schemes, your relationship with your banks and how you can be seamlessly onboarded on the eNaira platform, he added.


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