{"id":42070,"date":"2022-04-27T16:27:38","date_gmt":"2022-04-27T16:27:38","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=42070"},"modified":"2022-04-27T16:27:43","modified_gmt":"2022-04-27T16:27:43","slug":"cbn-urges-nigerians-to-leverage-on-its-interventions","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/cbn-urges-nigerians-to-leverage-on-its-interventions\/","title":{"rendered":"CBN urges Nigerians to leverage on its interventions &nbsp;"},"content":{"rendered":"<p>The Central Bank of Nigeria (CBN) has urged Nigerians to embrace its intervention programmes to promote financial stability and economic development. &nbsp;<\/p>\n\n\n\n<p>The banks Director of Corporate Communications, Mr Osita Nwanisiobi, said this at the opening session of a two- day fair organised on Wednesday in Owerri by the CBN &nbsp;<\/p>\n\n\n\n<p>Nwanisiobi, represented by the Deputy Director, Corporate Communications Department, Mr Sam Okogbue, said that the intervention programmes were aimed at business emancipation and poverty reduction. &nbsp;<\/p>\n\n\n\n<p>Speaking on the theme, \u201cPromoting Financial Stability and Economic Development\u201d, Nwanisiobi said that the CBN had rolled out interventions in the agricultural, manufacturing and other sectors. &nbsp;<\/p>\n\n\n\n<p>He said that the CBN\u2019s Anchor Borrower\u2019s programme was the nation\u2019s saving grace for increased availability of rice during the heat of the COVID-19 pandemic. &nbsp;<\/p>\n\n\n\n<p>\u201cDuring the COVID-19 pandemic, rice was the most single popular component of our palliatives. This is a result of the CBN\u2019s Anchor Borrower\u2019s programme for rice farmers,\u201d he said. &nbsp;<\/p>\n\n\n\n<p>He said that Nigeria\u2019s over-dependence on importation was a factor responsible for the fall in the exchange rate of the Naira. &nbsp;<\/p>\n\n\n\n<p>He described the manufacturing sector as a life wire for economic development. &nbsp;<\/p>\n\n\n\n<p>&nbsp;\u201cNo successful economy thrives on promotion of imported products over the exportation of locally manufactured products,\u201d he said. &nbsp;<\/p>\n\n\n\n<p>Speaking, Mrs Uchenna Onyene of the CBN\u2019s Currency Operations Department, called on Nigerians to handle the Naira with care in line with the provisions of Section 21, Sub-section 4 of the CBN Act 2007. &nbsp;<\/p>\n\n\n\n<p>She also urged Nigerians to embrace the CBN\u2019s cash-less policy to reduce risk and promote seamlessness of&nbsp;&nbsp;transactions, adding that the bank was committed to ensure innovation in payments for better customer experience.&nbsp;<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-42070\" data-postid=\"42070\" class=\"themify_builder_content themify_builder_content-42070 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN) has urged Nigerians to embrace its intervention programmes to promote financial stability and economic development. &nbsp; The banks Director of Corporate Communications, Mr Osita Nwanisiobi, said this at the opening session of a two- day fair organised on Wednesday in Owerri by the CBN &nbsp; Nwanisiobi, represented by the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":22936,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949],"tags":[185],"class_list":["post-42070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-cbn","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBN urges Nigerians to leverage on its interventions &nbsp; - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/cbn-urges-nigerians-to-leverage-on-its-interventions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN urges Nigerians to leverage on its interventions &nbsp; 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