CBN, FIRS, others meet on FSS 2020

budgetThe Central Bank of Nigeria, Abuja, Nigeria
  • CBN, FIRS, others meet on FSS 2020

The Central Bank of Nigeria and other agencies involved in the implementation of the Financial System Strategy 2020 will converge on Lagos this week to mark 10 years of strategising to bring into existence the programme.

The objective of the event, which holds on Wednesday and Thursday, is to review the status of the FSS 2020 programme and deliberate on the priorities and strategies for the next three years (2018-2020), according to a statement by the CBN on Sunday.

The statement read in part, “During the forum, the CBN and the various implementing agencies such as the Federal Mortgage Bank of Nigeria, Federal Inland Revenue Service, Nigerian Stock Exchange, National Insurance Commission, and the Securities and Exchange Commission, will take stock of the progress so far and address the challenges in forging an international financial system.

“Participants are expected to come up with an outlook for the next three years (2018-2020) and beyond in helping to evolve an economy that is one of the 20 largest economies in the world.”

The Governor, CBN, Mr. Godwin Emefiele, is to deliver the keynote address, while the Coordinator of the FSS 2020 Project Office and the CBN Deputy Governor, Corporate Services, Alhaji Suleiman Barau, whose tenure as deputy governor ends later this month, will speak at the forum.

In 2007, the CBN launched the FSS 2020 aimed at calibrating the financial system as a means of ensuring economic growth and development with the view of growing the Nigerian economy to become one of the 20 largest in the world by 2020.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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