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Business CBN to Make Nigerian Banks Stronger - Emefiele


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The Central Bank Governor, Mr Godwin Emefiele, said on Sunday at Washington DC that the apex bank would continue to make policies that would strengthen the nation’s banking sector.

``The banks are practically financial catalysts and we know that we need to give them support.

``We need to encourage them. We need to do different things to encourage them to look at the direction we think will engender inclusive growth and job creation for our people.

``We have been in the fore front of ensuring that with strong regulations in Nigeria we will continue to strengthen those regulations to ensure that financial system stability is sustained.

``The fact that I said that we will strengthen regulation does not mean that those regulations will be targeted at making life difficult for the banks,’’ he said.

Emefiele said that at the last Monetary Policy Committee meeting there were discussions on how to support the banking sector to help the real sector of the economy.

He said the Central Bank would work out avenues to encourage banks to lend to the real sectors of the economy.

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