‘Managed float’ reduces impact of FX volatility: Emefiele
Country has had multiple exchange rates for more than 2 years
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.