Nigeria @63: FG embarks on measures to reposition CBN

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President Bola Tinubu says the Federal Government has set up machineries to reposition the Central Bank of Nigeria(CBN).

The president, who made this known in his speech to mark Nigeria’s 63rd, said
part of the measures was an ongoing investigation into past lapses in the Apex bank.

He assured of “a thorough housecleaning of the den of malfeasance the CBN had become.

“That housecleaning is well underway. A new leadership for the Central Bank has been constituted.

“Also, my special investigator will soon present his findings on past lapses and how to prevent similar reoccurrences.

“Henceforth, monetary policy shall be for the benefit of all and not the exclusive province of the powerful and wealthy.

On taxation, the president said, “wise tax policy is essential to economic fairness and development.

“I have inaugurated a Committee on Tax Reforms to improve the efficiency of tax administration in the country and address fiscal policies that are unfair or hinder the business environment and slow our growth.”

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On employment opportunities, Tinubu said the federal government was providing investment funding for enterprises with great potential to boost employment and urban incomes.

He further said there was increased investment in micro, small and medium-sized enterprises.

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