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Emefiele tells investors Nigeria’s ‘good for business’, bags Forbes award

by Onyinye Nwachukwu, Washington DC

October 13, 2017 | 1:06 pm
  |     |     |   Start Conversation

The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, told global investors that Nigeria is ‘good for business’ as he bagged the Forbes’ Best of Africa in Innovative Banking Awards’ in Washington on Thursday night.
Emefiele was being awarded by Forbes Emerging Markets for leading a Central Bank, which, in the face of a 15-month difficult economic recession sustained tough monetary  policies, which  particularly tamed soaring prices and stabilised the naira exchange rate.

The CBN’s Anchor Borrowers Programme for which it has so far spent N43.92 billion to boost 200,000 small holder farmers from twenty nine states, and has already generated a lot of jobs for unemployed Nigerians also contributed immensely for Forbes’ choice of Emefiele to be part of its ‘Best of Africa’ family.

Receiving the award on the sidelines of the ongoing 2017 Annual meetings of the International Monetary Fund (IMF) and World Bank, Emefiele thanked Nigerians for their resilience during those tough times and for understanding with the apex bank for those tough choices that were made.
He particularly emphasised the CBN’S foreign exchange restrictions on some 41 items, which according to him helped conserve the foreign reserves which is on course to hit the $40bilion mark and has also encouraged local production and created jobs.
“We make bold and say that Nigeria is good for business. There are very few countries you would visit today where investors find returns as high as what you get in Nigeria. We want to invite you and that, for me, is the message here today, that come to Nigeria, Nigeria will receive you and you will be happy,” Emefiele told investor’s at the event.
Each year Forbes’ Emerging Markets honours a person whose achievements have followed the mission of their organisation to promote and further investments in Africa by US investors.

Past awardees in the last 40 years include Africa’s richest businessman, Aliko Dangote, Barrack Obama”s Chief of Staff, Bill Daley, among others who have made remarkable strides globally.
Details later…

by Onyinye Nwachukwu, Washington DC

October 13, 2017 | 1:06 pm
  |     |     |   Start Conversation

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