Tuesday, October 19, 2021

CBN Bags African Regulator of The Year Award

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The Central Bank of Nigeria (CBN) has received a pat on the back by the Action Newspapers management corporation for its fiscal policies and role in protecting the nation’s monetary policy.

Addressing press men after its first quarter extraordinary meeting, the managing director of the Action newspapers, Mr Francis Atuu said, but for the resilience of the CBN, the economy of the country has withstood all impediments, from COVID-19 pandemic to the shortfall of oil production and other variables.

“The decision of the board to honour the apex bank is hinged on two principles; the banks resilience and transparency in her fiscal financial policies. For the first time in the history of our nation, we have in place a management at the CBN that has weathered all storms to push the country out of recession in the shortest possible time”.

The newspaper board said, Nigerians were taken by surprise because no one expected such phenomenal growth in the face of a global scale of the COVID -19 pandemic.

The award to the CBN as the “regulator of the year is intended to be a morale booster so as to sustain the tempo of Nigeria’s economic leap in multiple ways to ensure that the mandate of the bank is actualised in line with president Buhari administrations blueprint.

This gesture is a reflection of the masses verdict on the CBN management and a clarion call for more concerted efforts to sustain the solid legacy of the apex bank.

Speaking on the sideline, the representative of the civil society organisations in Nigeria, Rev Solomon Semaka aligned with the decision of the board to honour the apex bank, noting that, the CBN is the country’s engine room and must be guided by all and sundry for the nation to survive.

“The CBN is like a pregnant wife that deserves pampering and attention of every patriotic Nigerian so that we can have the baby in good health.

“The honour is purely symbolic and complimentary and it brings a lot of burden on the CBN leadership. We are optimistic that the apex bank will accept the challenge to do more for Nigerians”.

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