Godwin Emefiele, Governor of the Central Bank of Nigeria,
CBN, has pointed out that the country’s current economy cannot grow.
Emefiele disclosed that the nation’s economy cannot grow due
to the current level of insecurity.
The CBN boss spoke at the end of a two-day monetary policy
committee meeting in Abuja on Tuesday.
According to Emefiele: “If you want an economy to grow, the
level of insecurity must be low because if there is a high level of insecurity
like what we see today, the economy will suffer.”
He also disclosed that Nigeria will receive 12 fighter jets
from the United States, US, to fight insecurity in July.
The CBN boss said the arrival of the jets followed a pact
signed between the Nigerian and US governments.
“About three years ago, the Federal Government and the US
signed a pact that resulted in a government-to-government acquisition of
military equipment out of which we are expecting 12 fighter planes. I am aware
that six of them are coming to the country in the month of July and August,” he
said.
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