Dr Isa Abdulmumin, Director of the Corporate Communications Department at CBN, emphasized this commitment during the CBN fair held in Bauchi on Friday. Recognizing the challenges faced by young individuals in securing employment and launching new businesses, Abdulmumin urged unemployed youths with promising business ideas to seize the opportunities provided by the CBN Agric Small and Medium Enterprises Investment Scheme. The scheme offers access to funds without the need for collateral, enabling aspiring entrepreneurs to pursue their dreams and aspirations.
Highlighting the CBN’s focus on business diversification, the director reiterated the apex bank’s unwavering support for various sectors through a range of interventions, including agriculture, healthcare, manufacturing, and other pivotal industries. Abdulmumin assured that the CBN would continue to fulfill its core mandate of ensuring monetary and price stability while implementing proactive and innovative policies to support all economic sub-sectors.
Representing the director, Mr Esu Imo, Assistant Director of the Bank, elaborated on the fair’s objectives. He explained that the event aimed to educate the public about how the CBN’s interventions could foster business growth and contribute to the Nigerian economy. Imo added that the fair served as a platform for interaction, enabling citizens to gain insights into the policies and strategic initiatives implemented by the CBN to achieve sustainable economic development in the country.
Abdulmumin further underscored the importance of the Nigerian currency, the Naira, as a symbol of national identity. He urged citizens to respect and protect the currency, refraining from actions such as spraying, hawking, mutilating, or counterfeiting the Naira.
Speaking at the fair, Mr Salahu Mohammed, the acting Branch Controller of CBN Bauchi, highlighted the objective of the event, which aimed to raise awareness among the public about the e-Naira, payment systems, consumer protection, currency operations, and other policies and programs initiated by the bank. Mohammed emphasized the importance of educating Nigerians about these policies to ensure they can maximize the benefits provided.
Expressing their appreciation, Mr Ibrahim Sadiq, the State Coordinator of the Wheat Farmers, Processors and Marketers Association of Nigeria (WFPMAN), commended the CBN for its commitment to supporting farmers in the country. Sadiq lauded the policy measures implemented by the CBN, which aimed to strengthen business confidence and ensure stability in the economy, particularly within the financial/banking and agricultural sectors.
The fair featured presentations that covered topics such as the protection of financial consumers’ rights, the preservation of the integrity of the Naira, strategies for enhancing the availability of the Naira to the public, and recent innovations in the Nigerian payment system.
Comments are closed.