Nigeria’s financial system safe, sound, CBN assures

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The Central Bank of Nigeria (CBN) has assured Nigerians that the financial system of the country is safe, sound and in line with the best financial practices. 

Governor of the bank, Godwin Emiefile gave the assurance Monday while speaking at a 2 day CBN Fair with the theme: ‘Promoting Financial Stability and Economic Development’ held in Bauchi. 

The CBN governor added that the apex bank is ever ready to listen to the people of Nigeria in order to know how best to serve them with the aim of improving the financial base of the their businesses particularly the small and medium sized businesses. 

Represented by the acting director, Corporate Communications, Osita Nwanisobi, Godwin Emiefile said that the purpose of the fair was to create awareness on the policies of the CBN, build confidence in the financial system which is safe and to listen and hear from the general public on how best to serve. 

He stressed that the CBN is committed to development financial interest in order to grow the country’s economy through the various intervention programs which have been made easily accessible to the public. 

Godwin Emefile then called on the participants at  the fair to speak out in order to assist the CBN to know the areas of the intervention that need to be further improved upon for more effectiveness. 

In his remarks, Secretary to Bauchi State Government (SSG) Ibrahim Hashim said that the government will continue to collaborate with the CBN in order to ensure that the people of the state key in to the various interventions of the apex bank with the aim of improving life. 

Represented by the director, research at the government house, Chiroma Ahmed, the SSG said that the priority of the government is to bring people out to poverty and provide employment and source of livelihoods to the teeming unemployed youths and women. 

The SSG commended the CBN for making it possible for Nigerians to have easy access to loan facilities a development he said has changed the financial process and narrative of the country. 

The CBN branch Controller in Bauchi, Idris Haladu assured that the CBN will continue to open its doors for Nigerians to come over to make enquiries on the interventions available to the public in order to make them accessible. 

Idris Haladu who was represented by the Branch Head of Banking Services, Adamu Isa said that during the 2 days fair, CBN will listen to the beneficiaries of the various intervention programs to enable it know what next steps to take to achieve the set objectives of the program. 

Some of the benefitting associations including RIFAN, ALGON, Maize farmers and others through their representatives at the meeting commended CBN for the various interventions which have improved their businesses.