CBN: Nigerian Economy is Steadily Recovering from the COVID Crisis

Godwin Emefiele- Nigerian Economy

The Central Bank of Nigeria (CBN), stated that Nigeria’s economy is on a recovery path, but the growth is still fragile. Consequently, while commending the banks for supporting the recovery efforts, the CBN Governor, Godwin Emefiele, pleaded with them to initiate measures that would boost the recovery drive through credit to productive sectors. 

Emefiele who spoke at the ongoing 2021 Annual Bankers’ Committee Retreat in Lagos, stressed that banks should make credit available to the Small Medium Enterprises, SMEs, which he described as the engine of growth. He commended the banks for their support, cooperation, and partnership with other key stakeholders in tackling the economic impact of the COVID-19 pandemic.

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