Emefiele calls for strong fiscal, monetary policy coordination.

…Earmarks N500bn to boost export

For more efficient and effective economic operation, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, solicited strong policy coordination between the fiscal and monetary authorities in the country.

This is as he revealed that the CBN was currently finalising the creation of a N500 billion fund to assist manufacturers interested in non-oil exports.

He added that the collaboration with various stakeholders would also cement the growth so far achieved since Nigeria exited recession.

Emefiele stated this in his opening remarks at the 25th Seminar for Finance Correspondents and Business Editors in Uyo.

Speaking on the theme of the workshop, “Sustaining Economic Growth Beyond Recession Exit,” Emefiele explained that, “to sustain the recovery from recession, there is need for greater robust policy coordination between key aspects of economic policy making. “This coordination would assist in diversifying the economy away from oil.

Uche Usim.

Full story at The Sun.