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CBN Governor calls for self-sufficiency, tells states, FCT to establish factories

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has called on State governments and the Federal Capital Territory (FCT) to be self-sustaining and economically viable.

Mr. Emefiele made the call in Abuja when he led a team from the CBN on a courtesy call on the Minister of the FCT, Alhaji Muhammad Musa Bello.

The CBN Governor said the team was at the Federal Capital Territory Administration (FCTA) to discuss initiatives that could boost job creation.

Emefiele opined that the establishment of companies in the FCT would drive industrialization, stimulate local production as well as boost employment generation.

He further noted that the collaborative effort of 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 with deliberate measures by companies to embrace the backward integration measures and boost job creation and industrialization locally.

In his remarks, the Minister of the FCT, Alhaji Muhmmad Bello, commended the CBN Governor for his passion in revamping the Nigerian economy, noting that the intervention policies of the Bank under the Muhammadu Buhari administration has significantly improved.



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Chuka (Webby) Aniemeka
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

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