Economic Crisis: CBN Says Nigeria May Slide To Another Recession - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
May 22, 2019
The Governor of Central Bank ofNigeria, CBN, Godwin Emefiele, has expressed fears that Nigeria may slide intoanother recession if measures are not taken to tackle the high rate ofunemployment and other economic crisis.
Emefiele said this today at theUniversity of Benin, while delivering a lecture titled “Beyond the GlobalFinancial Crisis: Monetary Policy under Global Uncertainty”.
According to him, Monetary andFiscal Policy Authority must rise up to the challenge to begin to think of whatcan be done to tackle the the situation.
He said reserve is moving up,exchange rate stabilizing but unfortunately, there is the issue of high of rateunemployment.
He assured that CBN will continue to takeproactive approach in mitigating the likely adverse effects that may emanatefrom external headwinds.