Nigeria: Emefiele Hints On Ways to Ensure Healthy Financial System

16 September 2020

While the news of the continued growth in the nation's banking and finance sector in the 2nd quarter of this year was encouraging, Governor of the Central Bank of Nigeria, Godwin Emefiele said the ulti-mate strength of the financial system would depend on three key factors.

The CBN Governor said the factors will insulate the nation's economy from externally induced disrup-tions as the currently ravaging coronavirus pandemic or any other crisis. He was speaking against the backdrop of the fact that COVID-19 has demonstrated the impact externally induced disruptions could have on the Nigerian economy.

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