By Kolawole Ojebisi
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has admitted that the country’s economy is still in the woods.
This is as the CBN helmsman stated that the country is still grappling with financial crisis.
Cardoso spoke at the 14th Annual Bankers’ Committee Retreat in Abuja on Saturday.
The CBN governor, however, noted that the current administration inherited this challenging situation from previous administrations.
He emphasized that the role of the Bankers’ Committee is crucial in addressing the crisis and in efforts to reflate the economy.
Cardoso pointed out that Nigeria is grappling with numerous issues, including poverty, rising inflation, infrastructure deficits, insecurity, and unemployment, urging members of the Bankers’ Committee to reflect on the past year’s challenges and work on actionable solutions to address them.
The three-day event, which brings together key players in the banking sector, is themed “Contract and Commitment to National Development and Economic Growth.”
