Cbn new plans
You're referring to the new plans of the Central Bank of Nigeria (CBN). Here are some of the recent and upcoming plans:
- Digital Currency (eNaira): The CBN has launched a digital currency called eNaira, which is a central bank-issued digital currency designed to promote financial inclusion and improve the efficiency of transactions.
- Cashless Policy: The CBN has introduced a cashless policy to reduce the use of cash in transactions and promote electronic payments. The policy aims to reduce the amount of cash in circulation and increase the use of digital payments.
- Financial Inclusion: The CBN has launched several initiatives to promote financial inclusion, including the National Financial Inclusion Strategy (NFIS) and the Financial Inclusion and Access (FIA) program. These initiatives aim to increase access to financial services for underserved populations.
- Payment System Reforms: The CBN has introduced reforms to improve the payment system in Nigeria, including the introduction of a new payment system called the Nigeria Interbank Settlement System (NIBSS) and the development of a national payment gateway.
- Monetary Policy Framework: The CBN has introduced a new monetary policy framework, which aims to promote economic growth and stability. The framework includes a new inflation targeting framework and a flexible exchange rate regime.
- Financial Stability: The CBN has introduced several measures to promote financial stability, including the introduction of a countercyclical capital buffer and a systemic risk buffer.
- SMEs Support: The CBN has launched several initiatives to support Small and Medium-Sized Enterprises (SMEs), including the SMEs Development Fund and the Agricultural Credit Guarantee Scheme.
- Agricultural Development: The CBN has launched several initiatives to promote agricultural development, including the Anchor Borrowers' Program and the Commercial Agricultural Credit Scheme.
- Infrastructure Development: The CBN has launched several initiatives to promote infrastructure development, including the Infrastructure Development Fund and the Power and Gas Sector Reforms.
- Financial Literacy: The CBN has launched several initiatives to promote financial literacy, including the Financial Literacy and Education Program and the National Financial Literacy Strategy.
These are some of the new plans of the Central Bank of Nigeria. The CBN is constantly reviewing and updating its policies and initiatives to promote economic growth, stability, and development in Nigeria.