Nigeria’s Central Bank, the Central Bank of Nigeria (CBN), has reaffirmed its commitment to maintaining stability and driving financial inclusion in the country. Dr. Isa AbdulMumin, Director of the Corporate Communications Department of the CBN, made this announcement during a fair organized by the bank in Lokoja. The fair, with the theme ‘Promoting Alternative Payment Channels as Tools for Financial Inclusion,’ served as a platform for engaging with the public and highlighting the CBN’s policies and interventions for sustainable economic development.
Dr. AbdulMumin emphasized the bank’s dedication to proactive and innovative measures to support all sectors of the economy. He stated, The objectives of this engagement are, among others, to sensitize members of the public on how the bank’s several initiatives can grow their businesses and contribute positively to the Nigerian economy. The fair aimed to showcase the CBN’s efforts in driving financial inclusion and ensuring the protection of consumers of financial products.
As a responsible and responsive corporate citizen, the CBN has consistently demonstrated a strong commitment to supporting businesses and promoting diversification across various sectors, including agriculture, health, and manufacturing.
With its core mandate of ensuring monetary and price stability, the CBN remains focused on implementing policies that foster sustainable growth. By rolling out initiatives that encourage financial inclusion and provide necessary support, the bank aims to create an enabling environment for economic development.
The CBN’s dedication to stability and financial inclusion is crucial for Nigeria’s overall economic progress. Through targeted interventions, the bank is working towards reducing financial exclusion and ensuring that individuals and businesses have access to the necessary financial tools and services. By doing so, they aim to drive inclusive growth and contribute to the diversification of the economy.
The fair organized by the CBN provided an opportunity for the public to engage with the bank and gain a better understanding of its initiatives and interventions. By fostering collaboration between the CBN and various stakeholders, the event aimed to promote economic development and empower individuals and businesses alike.
Moving forward, it is expected that the Central Bank of Nigeria will continue to implement policies and interventions that support sustainable economic growth, foster financial inclusion, and contribute to the overall stability of the Nigerian economy. Through such efforts, the bank will further solidify its role as a key driver of economic development and progress in the country.
