CBN Provides Update on Nigeria's Economy, Calls for More Work

Emem Usoro, CBN Deputy Governor, highlighted the need for further work to stabilize Nigeria's economy despite recent reforms. The CBN has implemented measures like tighter monetary policies and stronger corporate governance to address challenges such as forex scarcity and low reserves.

Usoro noted improvements in inflation rates and exchange rates but emphasized the necessity for collaborative efforts among fiscal, monetary, and regulatory authorities to translate economic gains into better living standards for citizens. The seminar focused on aligning monetary and fiscal policies to achieve a robust financial system and sustainable economic outcomes.