CBN, AACN to Attract Investments to Nigeria

• CBN, AACN to Attract Investments to Nigeria

The Central Bank of Nigeria Governor, Mr Godwin Emefiele, has said that the bank will continue to drive policies that ensure macroeconomic stability and enhance ease of doing business in Nigeria.

He spoke during the 8th annual Nigerian Investors Day in London, which was organised by the Association of Assets Custodians of Nigeria, with the theme, ‘Nigeria: The economics of the capital market.”

He said that the bank would be instrumental in attracting and sustaining investments in the country.

The governor also assured investors that the monetary policy objectives of the CBN would remain consistent.

In a statement, Emefiele commended the AACN for organising the forum, which he said fit into the apex bank’s and the Federal Government’s goal of making Nigeria Africa’s top investment destination.

During the event, some investors in the financial system said that Nigeria had huge economic potential, that could make it a major investment destination.

The President, AACN, President, Mrs Taiwo Sonola, said that the association was committed to the promotion of portfolio investments in Nigeria.

“The potential of the Nigerian economy is enormous and it is important that the opportunities are showcased globally,” she said.

Sonola said that the association would maintain the reputation of the annual event as a veritable platform to promote the Nigerian economy.

She added that the next edition would be reinvigorated and focused on a salient issue on Africa’s biggest oil producer, with the purpose of unlocking opportunities in such an area.

The conference focused on investor confidence, processes, infrastructure, products, governance, regulations and market developments.

Sonola stated, “The aim is to build foreign investor confidence and provide a platform for foreign investors to network with the Nigerian capital market regulators, operators with particular focus on custodians, fund managers, broker dealers, and regulators and also provide a forum for the promotion of custody business in Nigeria. It also provided opportunities for participants to air their views and challenges.”

The statement added that the one-day forum was aimed at availing the global audience of up-to-date information on the Nigerian capital market.

It stated, “Against the backdrop of the successful conduct of general elections in Nigeria, the forum reassured international investors of the safety of their investments in the country, while highlighting the huge potential to undecided investors.

“The forum also brought together investors to engage with each other, share information, review the Nigerian policy and economic environment as well as peruse economic opportunities.”