Nige­ria’s fi­nan­cial sys­tem still strong- CBN

Daily Trust - - NEWS - By Is­mail Mu­dashir

The Gov­er­nor of Cen­tral Bank of Nige­ria (CBN), Mr. God­win Eme­fiele, yesterday de­clared that the coun­try’s econ­omy is still strong.

Eme­fiele, who spoke when he ap­peared at the Se­nate in a closed door ses­sion that lasted for about two hours, said the strate­gic health of Nige­ria’s fi­nan­cial sys­tem was still strong.

His ap­pear­ance was in line with Sec­tion 8 of the Cen­tral Bank of Nige­ria Act 2007, which re­quires that the gov­er­nor of the apex bank pro­vides, to the Na­tional As­sem­bly, pe­ri­odic up­dates on the ac­tiv­i­ties of the bank as well as the per­for­mance of the econ­omy. The ap­pear­ance was se­quel to a se­nate res­o­lu­tion of 25th May, this year on a mo­tion spon­sored by Se­na­tor Bassey Al­bert Ak­pan (PDP, Akwa Ibom North-East) on the pre­sent state of the coun­try’s econ­omy.

Ad­dress­ing news­men af­ter yesterday’s ple­nary, the Vice Chair­man of the Se­nate Com­mit­tee on Me­dia and Pub­lic Af­fairs, Se­na­tor Ben Mur­ray-Bruce, ex­pressed op­ti­mism that the coun­try’s econ­omy would get bet­ter.

He said the Min­is­ter of Fi­nance, Kemi Adeo­sun, would brief the se­nate to­day on the state of the coun­try’s econ­omy and bud­get im­ple­men­ta­tion.

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