Cbn new governor policy

You're referring to the Central Bank of Nigeria (CBN) and its new governor, Godwin Emefiele. Here are some key policies and initiatives introduced by the CBN under his leadership:

  1. Monetary Policy Rate (MPR): The CBN has maintained a relatively stable MPR, which is the interest rate at which the bank lends to commercial banks, at 13.5% since 2016.
  2. Cashless Policy: The CBN introduced a cashless policy in 2019 to reduce the use of cash and promote electronic payments. This has led to an increase in the use of digital payment channels.
  3. Foreign Exchange Policy: The CBN has implemented various foreign exchange policies to stabilize the naira and promote foreign exchange inflows. These include the introduction of the Investors and Exporters (I&E) window, which allows for the trading of foreign exchange at market-determined rates.
  4. Interest Rate Policy: The CBN has maintained a relatively high interest rate environment to combat inflation and stabilize the economy.
  5. Financial Inclusion Policy: The CBN has introduced various initiatives to promote financial inclusion, including the National Financial Inclusion Strategy (NFIS) and the Cashless Policy.
  6. Digital Payments Policy: The CBN has promoted the use of digital payments through initiatives such as the National Electronic Fund Transfer (NEFT) and the Real-Time Gross Settlement (RTGS) systems.
  7. Microfinance Policy: The CBN has introduced policies to promote microfinance banking and financial inclusion, including the Microfinance Policy and Regulation Framework.
  8. Agricultural Policy: The CBN has introduced policies to support agricultural development, including the Anchor Borrowers' Programme (ABP) and the Commercial Agricultural Credit Scheme (CACS).
  9. Youth Entrepreneurship Policy: The CBN has introduced policies to support youth entrepreneurship, including the Youth Entrepreneurship Development Programme (YEDP) and the National Youth Entrepreneurship Scheme (NYES).
  10. Financial Stability Policy: The CBN has implemented various measures to promote financial stability, including the introduction of the Financial Stability Framework and the Financial Stability Committee.

Some of the key initiatives introduced by the CBN under Godwin Emefiele's leadership include:

  1. Anchor Borrowers' Programme (ABP): The ABP is a programme designed to support small-scale farmers by providing them with access to credit at a single-digit interest rate.
  2. Commercial Agricultural Credit Scheme (CACS): The CACS is a programme designed to provide credit to commercial farmers at a single-digit interest rate.
  3. Youth Entrepreneurship Development Programme (YEDP): The YEDP is a programme designed to support youth entrepreneurship by providing them with access to credit, training, and mentorship.
  4. National Youth Entrepreneurship Scheme (NYES): The NYES is a programme designed to support youth entrepreneurship by providing them with access to credit, training, and mentorship.
  5. Financial Inclusion and Access Programme (FIAP): The FIAP is a programme designed to promote financial inclusion by providing access to financial services for the unbanked and underbanked population.

These are just a few examples of the policies and initiatives introduced by the CBN under Godwin Emefiele's leadership.