The Nigeria Governors’ Forum, NGF, has applauded the Central Bank of Nigeria for stabilizing the economy.
The forum said in communique issued on Friday that the Yemi Cardoso-led CBN has restored price stability and reposed investors confidence through its mirco- economic policies.
The NGF held its meeting yesterday in Abuja, the nation’s Capital where it commended the apex Bank for its collaboration with other fiscal agencies, resulting in the sustainable growth and fiscal sustainability at the sub-national level.
The AbdulRahman AbdulRasaq- led NGF made the commendations after the Forum was briefed by the Deputy Governor in charge of Economic Policy, Dr Muhammad Sani Abdullahi, on recent monetary policy measures designed to strengthen macroeconomic stability in the country.
According to the CBN Deputy Governor, such measures include inflation control, ongoing recapitalization exercise to strengthen commercial banks and other Financial Institutions, OFI, unification of the forex marker, among others.
The Forum said collaboration between the CBN and other relevant agencies must continue in other to strengthen the economy and for the benefits of Nigerians.
“The Forum underscored the importance of continuous collaboration between monetary and fiscal authorities to safeguard economic recovery, strengthen the financial system, and enhance citizens’ welfare,” the Forum said.
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