April 6, 2015

How bank credit can drive economic growth in Nigeria – Experts

CBN Governor, Mr. Godwin Emefiele

Financial and economic experts at the Institute Credit Administration Nigeria say credit availability in monetary and trade terms will drive economy growth by boosting wealth and job creation.

They also said Nigeria must engage free market economy in order to achieve a remarkable resilience in economic activity, employment and fiscal performance.
The expert, however, noted that “the idea of an effective credit management function should not be solely limited to the private sector remit.

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