CBN policies saved Nigeria from economic disaster — Deputy Governor

The Central Bank of Nigeria, through its Corporate Services Deputy Governor Emem Usoro, has asserted that its strategic reforms and implemented policies have successfully steered the nation's economy away from potential disaster. Speaking at the Akwa Ibom State University's convocation ceremonies, where she received an honorary doctorate, Usoro detailed how the alignment of monetary and fiscal policies has fostered crucial macroeconomic stability, spurred economic growth, and cultivated an inclusive economic environment.

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At the Central Bank of Nigeria, we are working hard to build a resilient economy that would support your dreams and make you part of a global economy that is full of immense opportunities.

Usoro's address underscored the CBN's commitment to building a resilient economy capable of supporting the aspirations of Nigerians and integrating them into the global marketplace. She pointed to the successful implementation of systems and policies that have not only rescued the economy but are actively positioning it to better serve all societal segments. This proactive approach, she explained, is a testament to the bank's dedication to sustainable development.

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We have developed systems and implemented policies that brought the country back from economic disaster and are positioning the economy to better serve all segments of society.

Drawing inspiration from global examples, Usoro highlighted how nations like Singapore, Japan, and South Korea have achieved remarkable economic prosperity not through abundant natural resources, but by harnessing the intellectual capital of their youth. She urged the graduating students to leverage their education as a powerful tool for positive national impact, emphasizing that Nigeria's economic future hinges on the innovation and contributions of its bright young minds. The CBN's vision, as articulated by Usoro, is to foster an environment where these talents can flourish and drive the country's growth trajectory.

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In great synergy with the Federal Government, we have aligned our monetary policies with its fiscal reforms, which have already achieved exchange rate and macroeconomic stability, boosted economic growth and is fostering an inclusive economy for sustainable development.