The Central Bank of Nigeria has pulled out a five-year term agenda earlier today.
Nigenews understands that the CBN Governor, Godwin Emefiele hinted that the Apex bank will pursue the recapitalisation of commercial banks in the next five years.
The governor explained that the recapitalisation of commercial banks was necessary due since the last recapitalization happened in 2004.
In the next five years, the CBN he said will target double-digit growth and bring inflation down to single digit, preserve micro-economic stability, increase access to finance and credit to bank customers, encourage DMBs to support education.
Mr Emefiele also reveals that the Federal government has concluded plans to create 10 million jobs in the next five years through investment support in agriculture and Manufacturing sector, in line with President Muhammadu Buhari’s agenda of diversifying the Nigerian economy.