Godwin Emefiele, governor of the
Central Bank of Nigeria (CBN), says his next tenure would be used to pursue
policies that will further diversify the economy and make it difficult for
people to circumvent policies.
Emefiele, who was recently
confirmed for a second term as governor of the apex bank, made this known on
Friday at a special convocation of the University of Nigeria (UNN), where he
was conferred with an honorary doctorate degree in business administration.
“Nigeria belongs to all of us and
we have a role to play to make sure things get better,” he said.
“I will also emphasise that
Nigerian policymakers are good at developing policies, but the biggest
challenge of the Nigerian economic policy is that people try circumventing
policies.
“Given this opportunity now, we
will make it very difficult for people to circumvent economic policies.
“We must learn to respect our
policies. If you don’t respect the economic policies of this country, and you
fall short of our economic policies as an economic saboteur, you will be dealt
with.”
According to the CBN governor, a
lot still has to be done to ensure that the economic growth experienced so far
is consolidated.
“Challenges still remain such as
ensuring that the pace of GDP growth remains well ahead of our annual population
growth at 2.7 percent. But this can only be achieved if we continue to support
efforts aimed at improving domestic production of goods in Nigeria.”
Recently, the CBN boss warned
that businesses that engage in smuggling will be blacklisted and barred from
carrying out transactions with commercial banks.
His second term will begin on
June 3.
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