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CBN gov, ministers harp on way forward for economy

From Uche Usim, Abuja

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele and the Ministers of Finance, Budget & National Planning as well as Trade and Investment met at the weekend in Abuja to brainstorm and harmonise their policy perspectives in order to reflate the economy and take it to the next level.

Speaking at the opening of the two-day Monetary Policy Committee (MPC) retreat at the CBN Corporate Headquarters in Abuja at the weekend, with the theme: “Pathway to Price Stability Conducive to Economic Growth,” the apex bank governor, under whose auspices the meeting was convened, reiterated the need for the country’s monetary and fiscal authorities to collaborate and harmonise standpoints, so as to develop the economy rapidly.

Emefiele, who also chairs the Monetary Policy Committee, said the MPC retreat, which for the first time had in attendance a large representation of the fiscal authorities, was coming at a period when the country faced serious economic challenges. He added that finding a sustainable solution required a broadened participation of colleagues from the fiscal side.

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