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Published On: Thu, Sep 27th, 2018

Group commends CBN for smooth fiscal policy

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By Albert Akota

Members of Coalition of Civil Society Groups at the 4th All Nigeria Civil Society Economic Conference in Abuja yesterday commended the management of the Central Bank of Nigeria (CBN) on the fiscal policy to enable it address the myriad of economic challenges facing the country.
The group urged the apex bank to sustain recent drop of inflation rate which was as a result of increase in classifications of individual consumptions in order to improve fiscal spending to ensure more stability of the economy.
The Coalition in a communiqué jointly signed by the president Bassey Etuk Williams, chairman, communiqué drafting committee, Bar. Yemi Akanni, and Dr. Hauwa Mohammed said the aim of the conference was to consider the improvement recorded on the economy, new economic strategy and other several monetary policies introduced to make the economy stable.
“The renewed policies of Central Bank were highlighted along with the several intervention policies of the Federal Government that bothers on the economy.
“These economic policies introduced has been of great importance to the country as our people are feeling relieved gradually, thus a vote of confidence was thereafter passed on the CBN Governor and his entire team.
“We also wish to encourage the federal government through CBN to deepen the new economic growth model that will help sustainability of the new economic policies that will encourage participation by all relevant stakeholders.
“Rising investment in Agriculture and Infrastructure to sustain the country out of full recession as well as higher turnover that will improved the confidence of investors.

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