Politics
Godwin Emefiele Unveils Agenda For Nigeria’s Central Bank
Financial System Stability
The bank hopes to sustain the effective management of potential threat and avoid systemic crisis. According to the governor, “The core of my vision is to effectively manage potential threats to financial stability and create a strong governance regime that will be conducive for financial intermediation, innovative finance and inclusiveness.”
In this regard, the bank hopes to anchor on two main pillars which manage factors that create liquidity shocks and zero tolerance on practices that undermine the health of financial institutions. He also said, “In order to achieve these goals, we would warn all the relevant stakeholders to aggressively shore up reserves. We hope to engage the fiscal and political authorities as well as other stakeholders to improve our policy buffers which will further create space for the bank to implement policy using its limited instruments.”
Source: CNBC Africa
