The Central Bank of Nigeria (CBN) has rolled out sweeping reforms aimed at boosting financial inclusion, strengthening the Naira, and positioning the economy for the $1 trillion mark.
The CBN, Director of Corporate Fu Mrs. Hakama Sidi Ali,
Speaking at the CBN Fair held in Lagos today, the Director of Corporate Functions, Mrs. Hakama Sidi Ali, who represented Governor Olayemi Michael Kadoso said the event was designed to connect with the public and explain how the bank’s policies affect livelihoods.
Themed “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development”, the fair showcased recent CBN initiatives, including exchange rate unification, bank recapitalization, and the introduction of the Non-Resident BVN for Nigerians abroad. Other measures include the Unified Complaints Tracking System and a USSD code to verify licensed institutions, all aimed at improving transparency and protecting consumers.
Mrs. Sidi Ali stressed that these reforms have led to increased foreign investment inflows, improved trade balances, and a jump in financial inclusion rates in recent months. She also appealed to Nigerians to protect the Naira, describing it as a vital symbol of national identity.
Beyond policy announcements, the fair featured interactive sessions on microfinance, payment innovations, and forex market developments, with the CBN team taking questions from participants.
The CBN, Director of Corporate, Mrs. Hakama Sidi Ali
This is not just about banking,” she said. “It’s about showing how our actions can improve daily life and grow our economy.”
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