Central Bank of Nigeria (CBN) Governor, Godwin Emefeile said at
the weekend that the apex bank is evolving additional measures to boost the
economy and stabilise the naira.
Emefeile spoke during an
interactive session with some editors in Abuja. He, however, declined to give
details of the measures and modalities for their implementation
“Don’t ask me because I
will not disclose our strategy for now,’’ adding that doing so would be
counter-productive and pre-emptive.
The CBN boss explained
that the economy was not as bad as being portrayed when compared with other economies
in Africa.
He advised importers to
restrict their imports to raw materials and equipment rather than finished
products and food to reduce the pressure on the nation’s scarce foreign
exchange.
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