The Nigeria
Central Bank Governor, Mr. Godwin Emefiele was at the annual Bankers’ Dinner organized
by the Chartered Institute of Bankers of Nigeria on Friday night and disclosed
that the country is losing about N256bn monthly to Oil Price Crash.
He
stated that despite the huge drop in the country’s forex earnings as a result
of the fall in crude oil prices, the CBN boss said Nigeria’s import rose to
N917bn in September and might likely hit about N1.2tn in December.
He
also said that the country should stop all importations and encourage Nigerians
to patronize locally made goods.
No comments:
Post a Comment