CBN, SEC, others to lift financial sector with fresh N1.54tn investment - Punch Newspapers

Federal Government Ministries, Departments and Agencies, especially financial services regulators are to invest N1.54tn in five years to boost liquidity in the financial services sector.

The investment is also expected to strategically optimise all components of the nation’s balance sheet to unlock the liquidity required to support the stability, growth and transformation of the economy. According to the document, the investment of these government institutions will be leveraged to organise and support the private sector to realise the goals of the NDP.

Consequently, the Ministry of Finance, Budget and National Planning; Ministry of Industry, Trade and Investment; Infrastructure Concession Regulatory Commission; Central Bank of Nigeria; Securities and Exchange Commission, National Insurance Commission; National Pension Commission, and others have been tasked with raising the amount to raise liquidity thresholds of the financial sector over the five-year period.

CBN has never being this worst & disappointing.

We keep see and hearing this but no single trace of positive effect in the economy. Audio

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