Emefiele Woos Private Sector On Job, Wealth Creation

Spread the love

AGBARA (Sundiata Post) – The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has again urged the private sector to support in creating jobs and wealth for the overall growth of the Nigerian economy, even as he pledged the Bank’s support for any company committed to the objective of job creation.
Mr. Emefiele made the call in his special remarks on Tuesday, December 5, 2017, at the Blue Band Factory launch held at the Unilever factory, Agbara, Ogun State, noting that there were many Nigerian youth whose potentials could be harnessed to strengthen the industrial base of the country.
He recalled with nostalgia the practice in time past when companies tested and offered jobs to the brightest among fresh graduates of different disciplines before they proceeded for their national youth service, stressing that a vast number of Nigerian youth were hardworking and willing to contribute their quota to the development of the country.
He also commended the management of Unilever Nigeria Plc for heeding the Bank’s call to return to Nigeria and build a world class plant capable of producing in spite of the foreign challenge that necessitated the CBN to restrict access to some 41 items, including margarine, which could be produced in Nigeria.
Emefiele told the audience that included representatives of the British and Dutch envoys as well as bank chiefs, that the policies of the Bank and its aggressive intervention in the interbank foreign exchange market management had ensured transparency in the foreign exchange market, coupled with an accretion to the foreign reserves that now stand at $38.2 billion.
With a population estimated at about 180 million people, the CBN Governor said Nigeria was a ready market for investors and was indeed ready and open for business. He therefore reiterated his call to investors to take advantage of the opportunities in Nigeria by investing in Nigeria.

Related Story:  South Africa's Wiese slashes stake in Steinhoff to 6.2 %

Mr. Emefiele, however, cautioned that Nigeria, with the population growing at an average of three per cent per annum, had to focus on growth and prosperity if it is to transform its population into assets. “We must plan to feed our growing population so it does not become a disadvantage,” he warned.
Welcoming guests earlier, the Executive Vice President of Unilever Ghana & Nigeria, Yaw Nsarkoh lauded the CBN for supporting the company to achieve its goal of setting up the plant in Agbara and boosting capacity in Africa.
While urging investors to disregard negative stories about Nigeria, Nsarkoh noted that businesses must be part of the solution to thriving communities.
Highpoint of the ceremony was an inspection of the new Blueband factory by the CBN Governor and other guests present at the ceremony.

Spread the love

Leave a Reply

Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: 08033083361, 08094208271 and 092900705
Whatsapp: 08053069436
Email: info@sundiatapost.com
Website: www.sundiatapost.com

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143
Dubai Office: PAU Management Suite, Level 23 - Boulevard Plaza Tower 2, Emaar Boulevard,
P. O. Box 124342, Dubai, UAE.
Tel: +971 4 4096849 | Fax: +971 4 409 6850
About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate