The Director-General of the National Institute for Policy and Strategic Studies, Prof. Ayo Omotayo, asserted on Tuesday that Nigeria’s GDP growth could surge to 12 percent annually with the Central Bank of Nigeria (CBN) taking the lead.
Speaking during a study tour of the apex bank in Abuja, Prof. Omotayo highlighted the pivotal role of the CBN in leveraging digital tools to drive economic growth beyond the current GDP growth rate.
He emphasized the significance of digital services in modern economies, stressing that the CBN’s regulatory role is crucial in facilitating digital transactions and expanding financial inclusion.
According to Prof. Omotayo, the institute believes that sustained GDP growth of 12 percent annually is achievable over the next five years if the CBN prioritizes digital-driven strategies.
In response, CBN Governor Olayemi Cardoso, represented by Deputy Governor Dr. Bala Bello, acknowledged the evolving digital landscape in Nigeria, emphasizing the bank’s commitment to leveraging digital technologies for financial inclusion and economic empowerment.
He highlighted the CBN’s efforts in deploying robust digital technologies to optimize its processes and foster innovation and entrepreneurship in the country.
0
0
