Tuesday, July 5

CBN Charges Nigerians To Embrace ENaira

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PRESIDENT BUHARI LAUNCHES eNAIRA. 0A&B. President Muhammadu Buhari with the Vice President Prof Yemi Osinbajo SAN and The CBN Governor Mr. Godwin Emefiele as President unveile the eNaira at the State House Abuja. PHOTO; SUNDAY AGHAEZE. OCT 25TH 2021
PRESIDENT BUHARI LAUNCHES eNAIRA. 0A&B. President Muhammadu Buhari with the Vice President Prof Yemi Osinbajo SAN and The CBN Governor Mr. Godwin Emefiele as President unveile the eNaira at the State House Abuja. PHOTO; SUNDAY AGHAEZE. OCT 25TH 2021

The Central Bank of Nigeria (CBN) has charged Nigerians to embrace the eNaira policy to drive economic growth and manage inflation in the country.

CBN Team Lead Director, Corporate Communication Department, Nwanisobi Osita, said this in Benin, Edo State capital, during a seminar tagged: “Promoting Financial Stability and economic development”.

He said the policy is geared towards improving the effectiveness of monetary policy in the country.

Osita said the CBN had been working with a clear mandate of stabilizing price economy towards growth and economic sustainability, adding that the financial system of the country is stable, strong and resilience.

“The Nigerian payment system is the most sophisticated in the world. The seminar was also aimed at getting feedback from participants in terms of view points and challenges”.

Representative of the Currency Operation department of the apex bank, Ngozi Etim, called for proper handling of the naira notes.

Etim urged the stakeholders in the banking sector to return all mutilated currency to the CBN in their various locations in the country

On his part, Benin branch Controller of CBN, Jumbo Renner, said the seminar was designed to sensiitise the people about the new policy of the CBN.

“The participants drawn from various section of the public, including professionals, religious faithfuls, business
captains, market men and women amongst others,” Jumbo said.

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