The Central Bank of Nigeria wants citizens to patronize made in Nigeria products and services to boost the nation’s Gross Domestic Product.

Director, Corporate Communications of the apex Bank in the country, Mr. Osita Nwasinobi made the call at a sensitization campaign with the theme “Promoting Financial Stability and Economic Development ” held simultaneously in Bayelsa and Rivers States.

Participants at the forum were drawn from Manufacturing, Trading, Farming, Financial, Artisan, National Youth Service Corps and Students groups.

According to the Director, Corporate Communications, Mr. Osita Nwasinobi , the nation’s economy had in the last fifteen years experienced some challenges which include recession twice, drop in the production level of crude oil, oil theft, terrorism and insecurity which have all impacted negatively on the economy.

Represented by the Head of Internal Communications, Mr. Samuel Okogbue, he stated that these in turn affects the nation’s Gross Domestic Product which has implications for the value of Naira, resulting in foreign exchange challenges.

While highlighting some of the efforts of the CBN in managing and growing the economy through regulation of financial institutions, loan schemes to farmers, introduction of electronic Naira wallet, he urged Nigerians to refrain from the penchant of patronizing foreign goods and services.

Branch Controller of the CBN, Yenagoa, Mr. Francis Asuquo stated that the apex Bank was seeking to partner critical stakeholders to contribute to efforts by the Federal Government to achieve a diversified and booming economy.

Branch Controller, Port Harcourt, Mr. Maxwell Okafor enjoined Nigerians to take advantage of the policies and programs of the CBN to improve their economic fortunes.

In a goodwill Message, Mr. Vitalis Chinda of the Agricultural Development Program commended the Federal Government through the numerous CBN initiatives including the Anchor Borrowers’ Program in assisting farmers boost their output.

The harmonized fair sensitization campaign had presentations on some of CBN’s initiatives in real sector financing and interventions financial inclusion, consumer rights and E-Naira.


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