Nigerian governor unveils five-year plan

Godwin Emefiele
Godwin Emefiele
Photo: IMF

Nigeria’s central bank governor has outlined what he calls a “five-year policy thrust”, setting ambitious targets to raise growth and employment while lowering inflation.

Godwin Emefiele also pledged to improve Nigeria’s payment system and to increase credit supply to small and medium-sized businesses, in a speech given on June 24. The speech combined many of the traditional goals of a central bank governor with some aims that, in many countries, would be the preserve of finance ministers. 


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