Cardoso: CBN to stop direct development finance interventions | We'll focus on core mandates

Belgique Nouvelles Nouvelles

Cardoso: CBN to stop direct development finance interventions | We'll focus on core mandates
Belgique Dernières Nouvelles,Belgique Actualités

Nigeria's independent online newspaper

Cardoso, in a statement on Thursday, said the CBN needs to return to its core functions of monetary policies and advisory roles to support economic growth.

Cardoso said the CBN’s advisory roles could include acting as a catalyst to promote specialised institutions and financial products that support emerging sectors of the economy. “These verticals have huge demand patterns, with the potential for high local inputs and value retention, and can be the basis for rapid industrialisation,” he said.

“It must be emphasised that CBN does not have a magic wand that can be waved at the current economic challenges,” he said.

 

Belgique Dernières Nouvelles, Belgique Actualités



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