Members of All Civil Society Groups led by Coalition of Civil Society Groups gave thumbs up to President Muhammadu Buhari and the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for ensuring that Nigeria’s economy continue to survive despite the unstable low price of crude oil in the International Market, Covid-19 pandemic and the multifaceted insecurity challenges facing the country.

The group praised the government and gave testimonial of achievements of the present government.

The Coalition of CSO stated this on Wednesday, in Abuja, in a mega solidarity rally held at the popular Unity fountain, in support of President Buhari and CBN Governor Emefiele in their effort to stabilize Nigeria’s economy.

Addressing the Journalists at the rally, the President of group, Etuk Bassey Williams, said the numerous 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 Emefiele, who has made efforts to turn around the negative indices of the economy as a result of good policies.

He said: “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.

“Today, many Nigerians have benefited from wonderful policies of the CBN such as the Youth Entrepreneurship Development Programme (YEDP), Accelerated Agricultural Development Scheme (AADS), the Agri-business/Small and Medium Enterprises Investment Scheme (AGSMEIS). These policies have impacted positively the lives of many Nigerians. Jobs have been created and millions of Nigerians are happy and grateful.

“The Anchor Borrowers Programme that has increased yield per hectare and food security in the country is also a plus to the CBN. This policy, among others, is in support of the drive by the Government to diversify the economy and stimulate growth in the agriculture sector.

“It is without doubt that the effort of CBN in ensuring protection of Bank customers, effective supervision of Deposit Money Banks and Other Financial Institutions; and deepening of financial inclusion through an effective banking and payments system in recent times has yielded positive results.

” CBN Governor Emefiele’s support for the Creative Industries through the Creative Industry Financing Initiative (CIFI), which is being implemented in collaboration with the Bankers’ Committee, is a huge boost in the Creative Industry.”

The group expressed displeasure over some enemies of progress whose work is to sabotage the economy of Nigeria: “We frown at the economic sabotage going on in the Forex market. We condemn a situation where the disparity between the official banks exchange rates for dollar/naira will be too high, thereby creating inflation.

” We applaud the sincere effort to salvage the naira and the CBN stop of sales of Forealex to Bureau De Change (BDC) Operators who exploit and artificially inflate dollar/naira exchange. We applaud this move to discourage illicit financial flow, BDC racketeering and indiscriminate round tripping.

“We hereby call on the Governor to suspend the activities of the BDC operators in totality and supply money to the commercial banks

” We also demand that a monitoring committee that comprises of EFCC, CBN and NFIU be set up to check and arrest BDC operators who go to the Banks to buy off Dollars using fake application.

” Also, we applaud the CBN introduction of e-naira, we are confident that this policy will stimulate economic activities that will result into job and wealth creation.

” Based on the recorded achievements listed above, we thus call for more support to the leadership of the country and the leadership of CBN.”

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