Nigeria Needs To Prepare For The Next Global Economic Crisis – CBN Governor

Central Bank of Nigeria Governor Godwin Emefiele said Nigeria needs to prepare for the next global economic crisis.
Emefiele said this while giving a lecture entitled:’ Beyond the Global Financial Crisis: Monetary Policy Under Global Uncertainty,’ yesterday Wednesday, May 22 at the University of Benin, Benin, Edo State.

Emefiele who recently got re-appointed as the governor of the apex bank said although the country had made progress in strengthening the economy, more efforts must be made to cushion the Nigerian economy against the impending global economic crisis.

“From some of my concluding remarks, you may have observed, whether you like it or not, there is global uncertainty that will, unfortunately, most certainly lead to another crisis. The question could be, how are we as Nigerians, particularly our leaders, I am talking of monetary and fiscal policy authorities, how are we preparing our country for the next crisis?

“We have luckily exited recession; we have seen recession pending downward to about 18.72 percent in 2017 to about 11. 37 percent today. We have seen the reserve moving up but unfortunately, we still have issues and those issues border on the unemployment rate and those issues border on how we prepare our country”.