- Godwin Emefiele, Governor of the Central Bank of Nigeria, has been honored in the United States of America.
- During his remarks, Emefiele used the occasion to push for more investment in Nigeria and other African countries.
- Emefiele firmly believes that Nigeria is full of opportunities that investors can take advantage of profitably.
Godwin Emefiele has urged investors in Washington to consider investing in Nigeria and other African nations.
Emefiele made the remarks during his acceptance of the EuroKnowledge award at FIN Banking on Emerging Markets Forum.
The event took place on the sidelines of the ongoing annual meetings of the IMF and World Bank in Washington.
BusinessDay reports that he specifically told investors that confidence was rising in Africa and urged them to consider Nigeria, Angola, South Africa and Egypt for investment because of the huge growth opportunities there.
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“Nigeria, Angola, South Africa and Egypt are economies to think about.
“And I dare say that these economies have many strong opportunities for high-return, profitable projects, and I can only take this opportunity to encourage our friends in the foreign investment community to continue to watch Africa. Africa yearns for growth and development. developing. .
“We can’t do this alone; we will continue to need support from the rest of the world. But I can assure everyone that as you do this, the opportunities are there and you won’t regret taking them.”
The CBN Governor further emphasized that the opportunities are there for investors ready to earn good returns on their investments.
“I can only continue to say let’s support Africa, let’s support Nigeria. We must all continue to work together for growth, not just for our individual countries but for Africa as a whole.”
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Emefiele talks about his award
Speaking about his award, Emefiele dedicated the award to his colleagues at CBN as well as other Nigerians for their support, saying the recognition would encourage him to do more.
“When his credentials and everything he has done are read to the public, he begins to wonder how he managed to do all this. But what this does is encourage you to do more.”
“When we talk about the challenges we are currently facing, I can tell you that it has not been easy in the last eight and a half years, where we have gone through two recessions, one between 2015 and 2016 and another of short duration. one in the second and third quarter of 2021 during the Covid-19 period.
“Usually as a central bank governor you never pray to go through a recession twice, but we have managed to get through this with a lot of hard work and the support of our colleagues at the CBN, all of our departments and members of our monetary department. . policy meeting We really want to thank all of you.
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“This award is not just for me, it is for all of us who have worked hard over the last eight and a half years to keep Nigeria strong and going.”
Banks publish the names of customers who use a false visa to buy cheap dollars to resell them
Meanwhile, in compliance with CBN directives, ten Nigerian banks have revealed the names of customers who buy cheap dollars to resell on the black market.
In a July 2021 circular, CBN ordered banks to publish the identities of people behaving in such a way and to prevent them from obtaining currency in the future.
The huge gap between the black market and the official rate has further created a market for some unscrupulous Nigerians to profit from.