The Central Bank of Nigeria (CBN) has once again appealed to Nigerians to protect and preserve the dignity of the Naira.
This call was made on Tuesday as the apex book took its currency education campaign to Lagos residents at an event called CBN Fair held at Maryland, a mixed commercial and residential area in Lagos Mainland.
The sensitisation event themed Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development had in attendance, market men and women as well as entrepreneurs, policymakers, financial institutions, fintech innovators, banks, consumer protection agencies, students from various tertiary institutions, youth groups among others.
According to a statement, the CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi Ali, said the fair was designed to interact with the public and critical stakeholders on the bank’s policies for sustainable economic growth and Nigeria’s development.
Mrs Sidi Ali said the theme was apt to address the imperative of value addition and the links that catalyse SMEs and other economic activities to attain the much-needed price stability.
She added that the apex bank, under the leadership of Mr Yemi Cardoso, is committed to stimulating productivity, financial inclusiveness and delivering on core mandate of monetary and price stability, listing the bank’s functional policies that repositioned and expanded the economy in the last 22 months to strengthen the financial system, increase foreign investments inflow and huge leap in financial inclusion rates.
“The core objective of this engagement, therefore, is to sensitise members of the public on how the Bank’s policies and innovations can enhance their lives and livelihood and contribute to the growth and development of the Nigerian economy,” she added.
The apex bank spokesperson appealed for preservation of the dignity of the nation’s currency through prevention of various forms of abuse, including commodifying the Naira.