States should be self-sustaining and economically viable ― CBN Governor

Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has restated the need for states in the country and the FCT to be self-sustaining and also economically viable.

Emefiele made this known during a recent visit to the Minister of the FCT, Alhaji Muhammad Musa Bello. The CBN Governor, who commended the minister’s efforts at ensuring improved security in the FCT, said his team was at the Federal Capital Territory Administration (FCTA) to appraise the Minister with some key initiatives of the Bank that will help boost job creation.

He further noted that the collaborative effort by the CBN and the private sector, particularly under the Anchor Borrowers’ Programme (ABP) and the Commercial Agricultural Credit Scheme (CACS), had started to yield significant results.

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In his remarks, the Minister of the FCT, Alhaji Muhammad Bello, commended the CBN Governor for his passion for revamping the Nigerian economy, noting that the intervention policies of the bank under the Muhammadu Buhari administration had worked.

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