Central Bank Governor, Godwin Emefiele was recently conferred with an Honorary Doctorate Degree in Business Administration by the University of Nigeria, Nsukka (UNN).
At the event, he gave a lecture entitled “From Recession to Growth: The Story of Nigeria’s Recovery from the 2016 Economic Recession,” where he broke down things Nigerians did not know about.
He revealed that because of its policies, Nigeria’s GDP has improved, inflation is reducing, and the foreign exchange market is stable at N360 to a dollar.
His words, “So far, the programme has supported more than 1,059,604 small holder farmers across all the 36 states of Nigeria in cultivating 16 different commodities over 1.114 million hectares of farmland.
“It has also supported the creation of over 2.5 million jobs across the agricultural value chain.
“A key emphasis was placed on improving rice production, given the considerable weight importation of rice had on Nigeria’s import bill,” he said.
“Addressing the constraints of farmers, SMEs and manufacturers will be critical, to drive sustainable growth of the Nigerian economy and reduce our reliance on proceeds from the sale of crude oil.
“In addition, there is need to forge partnerships between universities, research institutions, the private sector and public sector institutions.
“This will aid in developing and implementing solutions that will support productivity in the agriculture and manufacturing sectors to build a sustainable productive base for the nation,”
“As a vice-chancellor, I have a first-hand experience of the consequences of the poor funding being experienced by universities in the country.
“Universities all over the world receive huge periodic support from donors, philanthropists and alumni to fund their research and implement the development agenda of such universities.
“I urge us all to remain committed to the task of preserving the traditions and standards for which our university is known for.”