Recapitalisation: CBN Gov. Emefiele Promises To Reposition Nigerian Banks - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 4
June 24, 2019
The Central Bank of Nigeria Governor, Godwin Emefiele, says he will bring inflation to single digit within the next five years.
Emefiele made the promise in Abuja on Monday during a press briefing on his policy road map in his second term.
inflation rate dropped to 11.4 per cent as at May.
He said that CBN, under his leadership, would ensure that monetary policy measures would be geared towards containing inflationary pressures.
Emefiele, also pledged to reposition Nigerian banks through recapitalization during in his second term.
He said that recapitalisation of Nigerian banks was long overdue because it was done last in 2004 by Charles Soludo, a former governor of the apex bank.
Emefiele also said in the next five years, the CBN under his leadership would work with deposit money banks to enable Micro, Small and Medium Enterprises, MSMEs have access to credit.