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

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 striv

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