Nigeria’s situation now requires hard choices, says Central Bank – Guardian

With the economy now in recession, Nigerians have been urged to come to realities of the times, especially regarding the issues that brought the nation to the unsavory development.

For the Central Bank of Nigeria (CBN), the situation is not a normal one and presently sweeping across the globe, hence hard choices are required to turn it around.

Meanwhile, in what seemed like a renewed drive, CBN has vowed to deploy appropriate monetary policy tools in the fight for survival to engender inclusive growth and pursuit of self-sufficiency by bolstering productive capacity in the country.

CBN Governor, Godwin Emefiele, while delivering a lecture at the National Institute of Policy and Strategic Studies in Kuru, Plateau State, at the weekend, explained that unfolding developments in the last two years, which put the country low, are not normal.

Meanwhile, the bank chief has dismissed insinuations by banking industry operators that the introduction of the Treasury Single Account (TSA) stifled their operations.