CBN unveils new measures to create jobs

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By Babajide Komolafe
Central Bank of Nigeria (CBN) has unveiled two-policy measures designed to accelerate the growth of the nation’s Gross Domestic Product (GDP), boost non-oil export revenue    and facilitate job creation.

Lagos State Governor, Mr. Akinwunmi Ambode (middle); with Jigawa State Governor, Alhaji Mohammed Badaru Abubakar (left) and Chairman Bankers’ Committee and Governor, Central Bank of Nigeria, Mr, Godwin Emefiele (right), during the 9th Annual Bankers’ Committee Retreat at the Renaissance Hotel, Isaac John Street, Ikeja, Lagos on Saturday, December 9, 2017.

These include a new framework for reviving and disbursing the N500 billion non-oil export stimulation fund tagged, Produce, Add Value, Export (PAVE); and a new financial ecosystem aimed at adding $88 billion to the nation’s    GDP    and generate $36 billion new bank deposits by 2025.

Meanwhile,…



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