Governor of the Central bank of Nigeria, Godwin Emefiele, said the monetary and fiscal authorities will continue to initiate extraordinary measures to tackle the country’s economical issues.
Mister Emefiele was speaking at distinguished leadership lecture series at the University of Ibadan Oyo state.
Business Editor, Tolulope Ogunjobi reports that the Central bank of Nigeria act of 2007 of the federal republic of Nigeria charges the bank with the overall control and administration of the monetary and financial sector policies of the federal government.
In recent times, the apex bank has been condemned for some policy initiatives which some analysts say has impacted negatively on the overall economy.
Governor of Nigeria’s apex bank at this gathering spoke on the topic up against the tide, Nigeria’s heterodox monetary policy and the Bretton woods consensus.
Experts agreed that the apex bank has done well in managing inflation, build forex reserves, maintained FX market stability and foster real growth.
