Coalition of Civil Society Groups Commends CBN Monetary Policies

The Coalition of Civil Society Groups (CCSG) has praised various strategies implemented by the  Central Bank of Nigeria (CBN)  to stabilize the naira and bring economic balance in the short and long run business cycle.

Civil society organizations have also opposed the economic sabotage in the foreign exchange market, claiming that the economy is experiencing significant inflation due to an excessive gap between official bank exchange rates for the dollar and the naira.

According to Vanguard, Messrs Etuk Bassey Williams and Abubakar Ibrahim, the coalition president and secretary, addressed journalists at a solidarity demonstration in Abuja in support of President Muhammadu Buhari and the CBN Governor, urging Nigerians to continue to support the apex bank’s policies.

COSG said “The achievements by the Government under the leadership of President Buhari cannot be possible without the support of the able lieutenants appointed to head the Central Bank of Nigeria (CBN) under the able leadership of Mr Godwin Emeficle who has made efforts to turn around the negative indices of the economy as a result of good policies.

“We applaud the recorded achievements in the Micro, Small and Medium Enterprises (MSMEs), the small Farm holders. We also appreciate his effort towards assisting our industries to meet up with international standards in the quality of goods produced for export.”