New Nigeria governor Emefiele to target unemployment and lending to 'key sectors'

Unemployment 'will play central role' in monetary policy decisions

godwin-emefiele
Godwin Emefiele, CBN governor

Godwin Emefiele, the new governor of the Central Bank of Nigeria (CBN), has said the bank will use "direct interventions" to support selected sectors of the economy, adding that the unemployment rate will henceforth play a central role in monetary policy decisions.

Speaking today for the first time since assuming office on Tuesday, Emefiele outlined an ambitious agenda that will see the CBN guide economic activity and promote growth by teaming up with the government, but also said he would

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.