The Central Bank of Nigeria,CBN,has expressed its commitment to the sustenance of more people-centred policies that will impact various sectors of the nation’s economy
Its governor,Godwin Emefiele,who disclosed this at the weekend during the final of the 2022 Central Bank of Nigeria (CBN) Governor’s Golf Cup held at the prestigious IBB Golf and Country Club, Abuja,said the development will impact various sectors of the economy, thereby resulting in job and wealth creation to promote inclusive growth
He reassured Nigerians that the apex bank would continue to observe both the financial system and the economy in general, and always act in good faith for the achievement of the bank’s objectives and the betterment of the country.
He spoke on the benefits of the redesigning of the Naira notes,saying the development will help in help in no small measure in currency management.
He added:”We believe that redesigning the current N200, N500 and N1,000 banknotes which will cease to be legal tender on January 31, 2022, will certainly reduce the cost of cash management; reduce volume of cash in circulation; disrupt counterfeiting activities and enhance adoption of digital/electronic transaction channels”
Assuring of the sustained sponsorship of the annual Golf Tournament,Emefiele noted that the tournament has met its objective adding that it “has helped to strengthen the spirit of friendship and interaction among participants and organizers thereby creating an atmosphere of relaxation and recreation among golfers”.
He said competition has also served
the apex Bank well as an important feedback mechanism from golfers and elite members of the public on policy initiatives of the CBN and how they ” impact on national economy and general growth of the nation”.
He added that despite the global pandemic, the Bank has sustained its sponsorship of competitions in other sports such as the annual All Financial Institutions Football Competition, the CBN Senior Open Tennis Championship and the CBN Junior Tennis Tournament.
Premium News reports that Isaiah Okonofua,emerged overall winner of the 2022 Central Bank of Nigeria (CBN) Governor’s Golf Cup held at the prestigious IBB Golf and Country Club, Abuja.
Playing handicap 14 Okonofua grossed 81 and a net of 67 to finish the tournament’s overall winner, ahead Mohammed Suleiman (4) and Julius Fadairo(7) who grossed 79 and 85 net to finish 2nd and 3rd respectively.
In the other categories V.O Adedipe won the men’s division 1 (handicap 0-10) category after playing from the 9 handicap with 81 gross and an impressive 72 net , with S.O. Sanya coming a close runner-up with 81 gross and 75 net. R. Uje-Eje, emerged winer in the CBN category with a gross score of 90 and net 69.
K. Uwokike settled for the runner up position having played off handicap 24 with a gross score of 100 and net of 76.