Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has canvassed stronger economic ties with the Middle East and the Nigerian diaspora community in the region.
Cardoso made the call during a meeting with Assistant Governor for Monetary Affairs, Saudi Arabia Central Bank – SAMA, Talal Al-Humond, on the sidelines of the just-concluded inaugural Conference on Emerging Markets Economies, organised by the Ministry of Finance, Saudi Arabia, and International Monetary Fund (IMF) Regional Office in Riyadh.
That was as the Nigerian Minister of Finance and Coordinating Minister of the Economy, Wale Edun, expressed the government’s commitment to removing barriers to youth participation in key sectors of the economy, including agriculture, manufacturing, and exports.
Edun gave the assurance in his office in Abuja, when the Arewa Youth Forum (AYF) paid him a courtesy visit.
Meanwhile, Manufacturers Association of Nigeria (MAN) said most commercial banks in the country charged manufacturers between 35 per cent and 48 per cent lending rates in fourth quarter of 2024.
The revelation was contained in the Q4, 2024 publication of the Manufacturers CEO Confidence Index (MCCI), which measures changes in quarterly pulse of manufacturing activities in relation to movement in the macro-economy and government policies.
