#Emefiele hosts the signing of local production contract between P&G and Colori Cosmetics Nigeria, for the localization of manufacturing of Oral B products by P&G in Nigeria, as part of commitment by the #CBN to strengthen the manufacturing sector. Adil Farhat, P&G Managing Director for Nigeria;  Godwin Emef
Manufacturing industries have been a key focus of the efforts by the monetary and fiscal authorities towards driving recovery of the Nigerian economy. #Emefiele
Nigeria offers significant advantages for multinational manufacturing firms that choose to invest in domesticating their production lines in Nigeria. #Emefiele
Efforts at putting in policy measures to encourage improved production of goods that can be produced in Nigeria is driven out of the need to create jobs and wealth for our growing population. #Emefiele
#Emefiele re-assures Nigerians that the #CBN would not relent in its efforts to continue to encourage firms like Procter & Gamble to expand their presence in the manufacturing sector.
#Emefiele encourages other multinational firms to consider the opportunities that Nigeria offers and begin to set up their manufacturing lines in Nigeria.

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More from @cenbank

6 Mar
Consistent with the global trend, Nigeria aspires to ensure that remittance flows and diaspora investments become a significant source of external financing. #Emefiele
#CBN strives to constantly improve our remittance infrastructure, ease the process of international money transfer and simplify the experience for senders and recipients. #Emefiele
In an effort to reduce the cost burden of remitting funds to Nigeria by working Nigerians in the Diaspora, the #CBN has introduced a rebate of N5 for every $1 of fund remitted to Nigeria, through IMTOs licensed by the CBN. The Scheme will take effect on the 8th of March 2021.
Read 8 tweets
14 Feb
#Emefiele leads the Bankers’ Committee to sign MOU for the handover of the National Arts Theater, Iganmu, Lagos.
#Emefiele says revamping the National Arts Theatre will unlock the creative talents of hundreds of thousands of Nigerian youths in the fields of music, movie, fashion and information technology.
Bankers’ Committee to provide funding for a prototype cluster labeled “the Signature Cluster” which consists of a building each for Music, Film, Fashion and Information Technology verticals.
Read 7 tweets
15 Oct 20
#CBN Interventions in Cotton Textile and Garment sector is designed to resuscitate and return the Textile industries back to its glory days, creating jobs, diversifying Nigeria's economy and achieving self-sufficiency in cotton production.
Over N120b invested across CTG value chain with over 320,000 farmers financed between 2016 - 2020 #CBN
Expected output for seed cotton in 2020 is projected to be over 300,000 metric tons #CBN
Read 5 tweets
28 Aug 20
CBN Approves Final Licenses to Three (3) Payment Service Banks....cbn.gov.ng/Out/2020/CCD/A…
The Central Bank of Nigeria (CBN) on August 27, 2020 revised the Guidelines for the Licensing and Regulation of Payment Service Banks in Nigeria first issued on October 26, 2018
The update and review of the Guidelines for Payment Service Banks was in response to market developments since 2018
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12 Jul 20
#CBN and Bankers' Committee take over rehabilitation work at the National Theatre, Iganmu, Lagos. L-R: Minister of Youth and Sports, Mr Sunday Dare; Minister
Facility will help in unleashing the creative talents of Nigeria’s youths across multiple sectors and in supporting Mr.President's objective of creating new employment opportunities for Nigerians. #Emefiele
Harnessing the talents of our youths in the creative industries, will lead to the buildup of a more resilient economy #Emefiele
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18 Jun 20
Thread:
#CBN Unveils plans to release a framework for the integration of non-interest window in all its intervention programmes
particularly the Anchor Borrowers’ Programme (ABP) and the Targeted Credit Facility (TCF) to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.
#CBN earmarks N432bn to fund the value chains of nine commodities in the 2020 wet season farming.
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