CBN Apex bank promises to aid employment via local production

The CBN boss gave this assurance in a statement made available to newsmen on Sunday in Abuja by Mr Isaac Okorafor, the apex bank’s acting director, of corporate communications.

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CBN Building play

CBN Building

(Daily Independent)
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Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has assured investors of cooperation and support toward self-sufficiency in local production of essential goods and the economic diversification drive.

The CBN boss gave this assurance in a statement made available to newsmen on Sunday in Abuja by Mr. Isaac Okorafor, the apex bank’s acting director, of corporate communications.

Godwin Emefiele play CBN Governor, Godwin Emefiele (Reuters)

 

Per the statement, Emefiele said this during a facility tour of the newly completed Sunti Golden Sugar Factory in Sunti, Niger.

READ: Apex bank approves two new super agents for distribution of banking services

The bank invested about N26 billion in the project in order to encourage import substitution and backward integration strategy. Such investments are geared toward self-sufficiency, generate employment and create wealth,” Emefiele said.

Buhari play

President Muhammadu Buhari

(Punch)

 

The CBN governor advised small scale sugarcane farmers in the area to leverage on the presence of the Sunti Golden Sugar factory to boost production, as the company would now buy all their produce.

Commenting, Mr. John Coumantaros, chairman of the Flour Mills of Nigeria Group, owners of Sunti Golden Sugar Company expressed appreciation for the support which the CBN gave the company.

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