CBN Governor Godwin Emefiele Endorses CFA Society Nigeria’s Investment Conference

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The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has lauded the Chartered Financial Analyst (CFA) Society Nigeria for organizing the Nigeria Investment Conference which held in Lagos on November 8, 2018.

Speaking at the conference, Emefiele noted the country needs meetings where issues about value creation and growth of the economy are discussed. He decried how Nigerians, including people working in the investment community, often discuss more the challenges of investing in the country rather than focusing on the opportunities. He thanked the CFA Society Nigeria for leading the way in organizing an investment conference in Nigeria, such that hardly ever happens.

“This is one of those we can begin to count,” Emefiele said.

He urged other bodies to emulate the CFA Society Nigeria in organizing investment conferences to showcase investment opportunities in the country. “We must sell our country,” he added.

“These are the bedrock, not only of investment activities but also of all other activities that require human cooperation.”

The CBN Governor spoke about the Bank’s initiatives aimed at improving the Nigerian investment climate. He also expressed displeasure over the reluctance of commercial banks to lend to the real sector of the economy.

“It is the fact that the banks are supposed to be partnering with us to achieve this. Your job as a bank is to stimulate the economy to act as catalysts for growth and development, one way or the other. “Yes, you have a responsibility to work for your shareholders which is to maximise profit, but what you do is to take deposits and put it in treasury bills because we feel the yields are good. “We are not happy with you about that.”

The Nigeria Investment Conference brought together senior executives, regulators, academics and policymakers under one roof to discuss topics that promote the development of the investment industry. The conference was able to challenge the industry to measure up to the very high standards expected of it as Nigeria looks to regain its place as a top investment destination in Africa.

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