ABUJA (CU)_As Nigeria’s economy continue to report improvement from the downturn experienced during the COVID-19 pandemic, experts believe that it is imperative to refocus and look beyond oil, as many countries scale down on their investments in fossil fuels. Accordingly, the Deputy Governor (Economic Policy) of the Central Bank of Nigeria (CBN), Kingsley Obiora, is of the view that now is the correct time to introduce trade policies that will boost non-oil exports and encourage SMEs.
In his statement made to the last Monetary Policy Committee (MPC) meeting, which was published on the CBN’s website last weekend, Obiora also discussed the 22 million housing deficit in the country, which he said could be addressed making a big push in mortgage financing. Therefore, he called on the private sector to collaborate with the CBN and the federal government to stimulate the economy through various interventions targeted at households, SMEs and industries such as health and agriculture.
The Deputy Governor noted that while policy decisions play a key role in achieving these objectives, however…
