Nigerians Well-Being: CBN Reiterates Commitment To People Oriented Policies - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 4
July 28, 2019
The Central Bank of Nigeria, CBN says it is committed todrive policies that will impact on the lives and well-being of Nigerians.
The CBN Director, Corporate Communication Department, IsaacOkorafor in a statement said the bank was not unaware that some of its policiesmight hurt some business interests but CBN remained focused on the overarchingwelfare of the masses.
He explained that Nigeria and the welfare of all Nigerianscame first in all the policy considerations, being an apolitical organisation.He said the planned policy to put restriction on sale of forex for theimportation of milk from the Nigerian foreign exchange market was aimed atpromoting local production of milk in the country.
According Okorafor, some interests, who feel hurt by the plannedpolicy to boost local production of milk are misleading the public on socialmedia by misrepresenting the case for investments in local milk production.
The Spokesperson said for the avoidance of doubt, milkimportation was not banned as the apex bank had no such power.