Nigeria’s economic growth remains fragile, central bank governor says


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ABUJA, June 24 – Nigeria’s pace of economic growth remains fragile, Central Bank Governor Godwin Emefiele said on Monday.

Emefiele made the comment at a briefing in Abuja where he laid out the central bank’s policy direction for the next five years.

Emefiele said during his next five years as CBN governor, he would pursue an economic agenda that would make the economy grow by double digits through targeted programmes that would boost output.

The governor said he would work with Deposit Money Banks in the next five years to boost credit to the real sector as well as the creative and education sector.

He said the apex bank will over the next five years increase its support to farmers in order to bring down the rate of inflation.

Details later.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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