Central Bank of Nigeria, has urged Nigerians to reduce their consumption of foriegn goods to stabilise the nation’s economy.
CBN Governor, Mr Godwin Emefiele stated this in an interview with journalists shortly after a one-day interactive engagement session with stakeholders on the five year Policy Thrust of the CBN
Represented by Assistant Director Cooperate Communications of the CBN, Sam Okogbue, Emefiele advised Nigerians “to return to production of what they consume. Nigerians should go back to moderation of their taste and consumption of foriegn food.
“If we do so, it will help the government to stabilize the economy,” he emphasised.
While noting that, the nation’s economy is affected by COVID-19 Pandemic, the #ENDSARS saga, Governor Emefiele pointed out that there is need to accelerate growth of double digit by reducing inflation.
This according to him will “lower rate of unemployment” and put the country back on track.
In his welcome address, the branch controller of CBN in Kaduna, Umar Biu said that the interactive session will create opportunity for the department and the relevant stakeholders to carefully deiblrate on the subject of discourse to chart a way forward for socioeconomic development of the nation.