CBN Expresses Concern About The South-East’s Low Participation In Economic Initiatives

The Central Bank of Nigeria (CBN) lamented the South-limited East’s involvement in the bank’s numerous economic efforts on Thursday.

It stated that despite efforts to sensitize the South-East to the programs, participation in those activities has remained very low for years.

Chris Adayi, the Controller of the Central Bank of Nigeria in Abakaliki, announced this during this year’s edition of the CBN fair, which took place at the Akanu Ibiam International Conference Centre in Abakaliki.

As a result, he advised the zone to take advantage of the CBN’s various economic initiatives and programs in order to boost its economic growth and well-being.

“The CBN fair has served as a veritable platform for informing the public about the bank’s various initiatives.” This sensitization fair, like others before it, is based on the pursuit of strong economic policies that would spur economic growth through the financial leverage provided by these efforts.

“Among these initiatives are the payment system initiative, the real sector initiative, financial inclusion, consumer rights, the grievance redress mechanism, and a number of others.”

“We are all aware that Mr. President will launch the CBN digital currency known as e-naira on October 25th, 2021.” It is my honest hope that this fair will fully address all questions regarding any murky areas.

“Let me state that the dynamic economy has informed the CBN’s need to constantly evolve policies, programs, and initiatives that have continued to meet the unique needs of our people.”

“However, we have observed that participation in these initiatives in the South-East has remained very low over the years.” In that context, I urge you to take advantage of various Central Bank of Nigeria economic initiatives and policies to boost your economic growth and well-being,” he said.

During a press conference at the expo, the CBN’s Director of Corporate Communication, Osita Nwanisobi, stated that efforts to bring Ponzi scheme operators to justice have been stepped up.

On the recently inaugurated e-naira platform, President Muhammadu Buhari stated, “the issue of security and dependability of the e-naira platform is guaranteed; guaranteed because the technology uses kleptography encrypted with two-factor authentication.” As a result, the question of whether the platform is secure is raised.”

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