Governor of Central Bank of Nigeria, Godwin Emefiele, has said that Nigeria must prepare for the next global economic crisis.
Emefiele said this while delivering a lecture titled:
‘Beyond the Global Financial Crisis: Monetary Policy under Global
Uncertainty,’ at the University of Benin, Benin, Edo State yesterday
Wednesday, May 22nd.
Emefiele who recently got re-appointed as
the governor of the apex bank, said although the country had made
progress in strengthening the economy, more efforts must be made to
cushion the Nigerian economy against the impending global economic
crisis.
“From some of my concluding remarks, you may have
observed, whether you like it or not, there is global uncertainty that
will, unfortunately, most certainly lead to another crisis. The question
could be, how are we as Nigerians, particularly our leaders, I am
talking of monetary and fiscal policy authorities, how are we preparing
our country for the next crisis?
“We have luckily exited
recession; we have seen recession pending downward to about 18.72 per
cent in 2017 to about 11. 37 per cent today. We have seen the reserve
moving up but unfortunately we still have issues and those issues border
on the unemployment rate and those issues border on how we prepare our
country”.
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