CBN Sensitises Stakeholders to FG’s Economic Diversification Plan

• CBN Sensitises Stakeholders to FG’s Economic Diversification Plan

The Central Bank of Nigeria has embarked on sensitising members of the public across the country on its various intervention programmes aimed at enhancing the Federal Government’s economic diversification programme.

The CBN said the exercise would help stakeholders in the economy and members of the public to tap into the numerous opportunities offered by its various intervention programmes.

The sensitisation programme was attended by several stakeholders including farmers association in Lagos on Thursday.

Themed, “Promoting financial stability and economic development”, the event was also attended by top officials of the CBN.

The Deputy Director, Trade and Exchange, CBN, Mr. Olu Vincent, enumerated some of the intervention programmes the apex bank had in the past to deepen economic growth.

According to him, the programme specifically targets stakeholders in the agriculture and the Small and Medium-scale Enterprises sectors in line with the Federal Government economic diversification plan.

Vincent said, “As a country, we are now our shifting our focus from the oil sector to the non-oil sectors; and the strength of the economy for the non-oil sectors is actually in the agriculture sector.

“The Federal Government has spent a lot in the agriculture sector, that’s why you have a lot of farmers coming here in this particular fair. There are other small businesses around again for this particular seminar.

The Assistant Director, Currency Operations, Mr. Mr. Benedict Maduagwu, said the programme was meant to complement the effort of the Federal Government in promoting the well-being of the citizens and economic development

“We have the Micro Small and Medium Enterprises intervention scheme put at N220bn. About 60 per cent of it is reserved for women.

“Of course, we are also promoting the cashless. You’ll discover that the way the currency is being handle is being abused. And when it is abused and dirty, it has vectors diseases. That’s what we are talking about. There’s huge cost of currency management.”