Nigeria’s financial system still strong- CBN
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.