• Business - Economy
  • Updated: September 28, 2023

CBN's Reputation Badly Battered, Needs Rescue — FG

CBN's Reputation Badly Battered, Needs Rescue — FG

CBN Headquarters

The Nigerian Government has revealed that the President Bola Tinubu administration appointed a new management team for the Central Bank of Nigeria (CBN) because its reputation is “badly battered” and needs to be rescued.

This was contained in a statement on Wednesday by Sen. Abdullahi Gumel, the Senior Special Assistant to the President on National Assembly Matters (Senate) in Abuja.

According to Senator Gumel, the appointment of the new management team by President Bola Tinubu was part of efforts to rescue the Nigerian economy from its challenges and also create a new identity for the CBN.

“The CBN’s image was badly battered, so this team that has come on board is a rescue team.

“They have come to rescue the image of the CBN.

“In fact, it is not only Nigerians that are waiting for the CBN’s new management to be up and running but the ECOWAS sub-region and the African Union(AU).

“They are waiting for Nigeria to get back the economy so that everybody will feel secure and happy,” he said.

He urged Nigerians to be patient with one another and accommodative in order to take Nigeria to the promised land in the spirit of renewed hope.

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