CIBN woos Nigerians Abroad to Invest in Economy

CanadaToronto is being transformed by a wave of new condos as low interest rates and a stable economy draw investors and individual buyers to downtown projects. Photographer: Brent Lewin
  • CIBN woos Nigerians Abroad to Invest in Economy

The President, Chartered Institute of Bankers of Nigeria, Dr Uche Olowu, has said the institute is committed to encouraging Nigerians abroad to contribute to the development of the country’s economy, as part of its advocacy programmes.

Olowu said this while speaking about some of the initiatives being embarked on by the CIBN during the 53rd Annual Bankers Dinner in Lagos on Friday.

He said, “We have continued with our role as the conscience of the industry by paying more attention to constructive stakeholders’ engagements for the benefit of our corporate and individual members.

“In view of this, we organised, through our USA branch, a conference to encourage Nigerians abroad to invest more in the country’s economy for the good of the greater number of the populace.”

The CIBN boss said the governing council of the institute recently introduced a quarterly discussion to examine pertinent issues affecting the banking industry and came up with its position for the benefit of the various key stakeholders.

The Governor, Central Bank of Nigeria, Godwin Emefiele, said at the event that the CBN would ensure that its policies and programmes would be geared towards supporting job creation and fostering inclusive growth, in addition to key macroeconomic concerns such as inflation and exchange rate stability.

“I hope to use this opportunity tonight to convey a sense of the strong commitment of the Central Bank of Nigeria towards supporting measures that would wean the nation from its dependence on imported goods, create wealth and jobs for our teeming youths, and promote a more stable and resilient financial system,” he said.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]; Tel: +2347065163489.

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