UPDATED: Growth, price stability don't happen together, says Emefiele - The Nation Newspaper

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UPDATED: Growth, price stability don’t happen together, says Emefiele

adding that one is likely to displace the other. He likened the scenario to one wanting to eat his cake and having it at the same time.How Nigeria came out of recession, by Emefiele

Emefiele is currently speaking at the University of Ibadan Distinguished Leadership Lecture Series, holding in Ibadan and organised by the University in collaboration with the apex bank. He said the CBN took several unconventional plans to keep the economy going, and stabilize the exchange rate. Some of the measures include the restriction of 43 items that can be produced locally from accessing foreign exchange officially, the introduction of the Investors and Exporters Forex Window and capital controls.

 

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Emefiele: I get insults for using unconventional methods to improve economy - The Nation NewspaperCentral Bank of Nigeria (CBN) Governor, Godwin Emefiele, yesterday revealed how he battles abuses and insults for adopting unconventional methods Is it that the Government don't use your unconventional method, or your method turns out to be bad and distrust? Which unconventional method & economy does these ideas improved? The only unconventional method you used successfully, improved the bank account of these cabals who put in a word or two in favour of your re-appointment. Let's not forget your conversion to Islam to keep your job. Your method is archaic. It’s not working
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