CBN Hints On How Banks Will Play Critical Roles In Growing Nigerian Economy

The Central Bank of Nigeria has disclosed that commercial banks across the country are to play critical roles in growing the country’s economy.

Head, Development Finance Department of the CBN, Aminu Muhammad, an assistant director, made this known on Wednesday while speaking at the CBN Fair which held in Kaduna and simultaneously in Kano.

Muhammad said: “The financial institutions under the purview of the CBN were supposed to play these critical roles in growing our economy.”

He explained that the commercial banks were not effective in promoting the eNaira, adding that the operational benefits of its newly introduced eNaira to the public.

Officials of the CBN took turns in Kaduna on Wednesday to lecture youth corps members, hundreds of students from tertiary institutions across the state, and other members of the public on the eNaira initiative.

PBA Reporter

+ posts

• CBN Releases Guidelines On Bank Neutral Cash Hubs
• FIRS Moves After States Over Failure To Remit Tax Deductions
• CBN Retains 5% Interest Rate For Power Sector, Others
• Debt Servicing May Gulp 100% Of FG’s Revenue By 2026 - IMF