Banking & Finance

CBN Promises Sustenance of Financial Sector’s Consumers Protection Initiatives

The Central Bank of Nigeria (CBN), has assured Nigerians that the apex financial institution would sustain various initiatives aimed at boosting the economy and protect consumers in the financial sector.

The Acting Director, Corporate Communications Department of CBN, Harkama Sidi Ali, gave the assurance in her remark, during CBN Fair, held in Abeokuta, Ogun State capital on Thursday.

The fair, with themed, “Driving Alternative Payment Channels as Tools for Economic Development,” drew stakeholders including operators of microfinance institutions, fintechs, MSMEs, regulators, and academia.

She stressed the Fair is designed as a platform to interact with members of the public and critical stakeholders on the policies of the Central Bank of Nigeria for sustainable economic growth and development of Nigeria.

She said, “Tools for Financial Inclusion, Growth and Accelerated Economic Development” were carefully chosen to address the imperative of value addition and the links that catalyse SMEs and other economic activities to attain the much-needed price stability.

“The management of the bank, under the leadership of Mr. Olayemi Cardoso, is committed to stimulating productivity and financial inclusiveness as well as delivering on its core mandate of monetary and price stability.”

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