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Recession not 100 metre race – CBN

10 September 2016 National


The Central Bank of Nigeria, CBN, has asked Nigerians to brace up for the current economic recession in the country, saying that it was not a 100 metre race but a marathon.

Acting Director of Corporate Communications of the apex bank, Isaac Okorafor spoke in Enugu at the ongoing CBN Fair in Enugu.

Okoroafor said that Nigerians should patronise made-in Nigerian goods instead of spending hard currencies in importing items like tooth picks from China or chickens from South Africa.

He stressed that the CBN had earmarked 220 billion naira for micro, small and medium enterprises, MSME, out of which 60 percent was meant for women and women-owned enterprises.

 

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