CBN Deputy Gov. credits strategic reforms for Nigeria’s stability
By Damilare Adeleye
The Deputy Governor, Corporate Services, Central Bank of Nigeria, Emem Usoro, has stated that the ongoing reforms implemented by the apex bank saved the country’s economy from disaster.
This was just as she also highlighted the apex bank’s economic policies, noting that aligning monetary policy with fiscal reforms has stabilized the exchange rate and broader macroeconomy.
Usoro stated this after she was conferred an honorary doctoral degree in Business Administration (honoris causa) at Akwa Ibom State University’s combined 9th, 10th, 11th, and 12th convocation ceremonies held in Ikot Akpaden, Mkpat Enin Local Government Area, on Saturday.
“At the Central Bank of Nigeria, we are working hard to build a resilient economy that would support your dreams and make you part of a global economy that is full of immense opportunities,” she said.
“We have developed systems and implemented policies that brought the country back from economic disaster and are positioning the economy to better serve all segments of society.”
“In great synergy with the Federal Government, we have aligned our monetary policies with its fiscal reforms, which have already achieved exchange rate and macroeconomic stability, boosted economic growth, and are fostering an inclusive economy for sustainable development.”
The CBN deputy governor further pointed out that the graduating students are the future and the promise of Nigeria’s great tomorrow, emphasising that the Nigerian economy cannot thrive without brilliant minds coming into the workforce and contributing to the country’s growth trajectory.
According to her, “Countries without vast mineral resources like Singapore, Japan, South Korea, etc., have achieved significant economic prosperity and development by leveraging the brilliant minds of their young men and women and their abilities to build, invent, and innovate, so let your knowledge become a powerful tool for positive impact in the country.”
“This is why it gladdens my heart exceedingly to see before me many brilliant young minds graduating from this great university today.”
“You are our future, the promise of our country’s great tomorrow, our new success stories, and we look forward to your energy, your ideas, and your inventions, whether in technology, finance, business, entrepreneurship, creative industry, etc.”
She announced that the CBN would commit financial support to the institution’s academic and research work and urged the graduates to remain perpetually curious, hungry for knowledge, and not be apathetic to new ideas.
“As an institution, we will be supporting the university with a token for its academic and research work for greater impact in Nigeria,” she said.
She also emphasised that excellence is a product of preparation, sacrifice, and perseverance, and charged female graduands not to be deterred by societal and cultural constraints in the pursuit of their dreams.
Meanwhile, other prominent Nigerians who also received honorary degrees from the university included the deposed Emir of Kano, Aminu Ado Bayero; the Managing Director of Hensek Engineering Limited, Engr. Uwem Okoko; Engr. Oliver Ebong, Pastor Inyang Udo Tobby, and Engr. Elvis Effiong Osung.