Nigeria Central Bank Governor Steps On the Gas to Assist Economy

Godwin Emefiele has described the vulnerability of the economy to global shocks, a reflection of the fact that Nigeria was unable to sufficiently produce what it consumes, leading to unwarranted dependence on foreign goods. He also mentioned the heavy dependence on the oil sector to provide the foreign exchange needed to finance the country's imports.

Photo: CBN

Central Bank of Nigeria.

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