CBN And Multinational Firms To Meet On How To Rejuvenate Economy 

Yemisi Izuora

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has indicated his readiness to convene a meeting with the Chief Executives of multinational companies in Nigeria, to discuss ways to rejuvenate Nigerian exports.

Mr. Emefiele dropped the hint on Tuesday, August 25, 2020, during the meeting of the Bankers’ Committee, noting that the CBN was ready to encourage the revamp of Nigeria’s export sector through deliberate policies that would boost investment and job creation.

While decrying the situation where many Nigerian produce of export quality were waiting to be tapped, Emefiele said the CBN, in collaboration with the Federal Ministry of Industry, Trade and Investment, would ensure the facilitation of a reboot of the Nigerian export market.

Alluding to President Muhammadu Buhari’s charge for Nigerians to produce what they eat and eat what they produce, the CBN Governor reiterated that the country had no choice but to diversify its economic base away from heavy reliance on crude oil.

The meeting is expected to come up with a roadmap on how best to revitalize the export sector in order to earn foreign exchange for the country, as well as generate jobs for millions of Nigerians.

It would be recalled that the Emefiele had earlier initiated a campaign tagged ‘Produce, Add Value and Export’ (PAVE), especially for the agricultural produce.

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