Posted 11/25/2023, 12:41:55 AM
CBN Governor Outlines Plans to Strengthen Banks, Restore Economic Stability
- CBN governor plans to direct banks to increase capital base to support $1tn economy goal
- Removing fuel subsidy and floating exchange rate expected to positively impact economy
- Previous CBN policies blamed for issues like high inflation and weak naira
- Over N10tn pumped into economy through CBN intervention programs under previous leadership
- New CBN governor promises to address institutional deficiencies and restore stability