Emefiele pledges 5-year plan to diversify nation’s economy

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CBN

Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, says CBN in the next five years, will aggressively pursue policies that will further diversify the Nigerian economy.


Emefiele said this in an interview with newsmen on Friday in Nsukka, Enugu State, after a Special Convocation of the University of Nigeria (UNN), where he was conferred with an Honorary Doctorate Degree in Business Administration.

The pledge was coming after the Nigeria Senate on Thursday confirmed Emefiele for a second term in office as CBN Governor, starting June 3.

Emefiele said the CBN in the next phase of his administration would consolidate on already existing policies.

“Nigeria belongs to all of us and we have a role to play to make sure things get better.

“I will also emphasise that Nigerian policymakers are good at developing policies, but the biggest challenge of the Nigerian economic policy is that people try circumventing policies.

“Given this opportunity now, we will make it very difficult for people to circumvent economic policies.

“We must learn to respect our policies. If you don’t respect the economic policies of this country, and you fall short of our economic policies as an economic saboteur, you will be dealt with,” he said.

Emefiele who is the 11th CBN Governor began his five-year tenure on June 3, 2014.