The Central Bank of Nigeria (CBN) has said it will continue to support the Federal Government to implement an investment promotion strategy to facilitate investment flow into the economy,
The CBN Governor, Mr Olayemi Cardoso, said this at a two-day Special Economic Zones (SEZs) Annual Meeting on Wednesday in Lagos.
The theme of the meeting was: “Unlocking Opportunities: Harnessing the Power of Nigeria’s Special Economic Zones Scheme.”
Cardoso said the special economic zones were significant to the actualisation of President Bola Tinubu economic vision of $1 trillion economy by 2026.
He said CBN’s mission of ensuring monetary policy and financial system stability was a catalyst for inclusive growth and sustainable economic development critical in ensuring the continued success of the zones.
According to him, the recent efforts geared towards stabilising the exchange rate will assist to attract foreign direct investment necessary to enhance development of the country’s Special Economic Zones.
Cardoso represented by Dr Kalu Oji, the Deputy Director, Trade and Exchange Department, CBN, said the bank was aware of the challenges faced by the SEZs.
He pledged to tackle the challenges in order to enable them attract more funds and job opportunities for Nigerians.
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