The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has assured investors of the security of their investments in the country despite dwindling revenue orchestrated by fall in global crude oil prices.

Speaking at the weekend in Abuja, Mr. Emefiele reiterated that investors interested in repatriating their funds from the country were entitled to do so but should maintain orderliness, in line with the bank’s policies.

The Apex bank Governor said that the CBN has capability to settle all commitments when due procedure is maintained by the investors.

The Central Bank Of Nigeria Headquarters, Abuja

While disclosing that the CBN had met with commercial banks, manufacturers in the health sector and the larger manufacturing group, to establish state of the art health facilities, he called for collaboration between the fiscal and monetary authorities. He said this will help reduce the impact of the COVID-19.

Emefiele said the COVID-19 presented Nigeria with an opportunity to reset the economy and as such there was need for the country to prepare itself to get the manufacturing sector to work, while the banking sector supports the economy.

He said the situation at hand provides Nigeria with an ample opportunity to quench their insatiable taste for foreign goods and consume what is produced in the nation.

Recall that the Apex bank had removed over 40 items from it’s forex issuance in order to encourage local manufacturing of such items to create jobs and boost economic growth.