Central Bank of Nigeria and others particularly the financial services regulators, would invest N1.54 trillion over five years to increase liquidity in the financial services sector.
The government intends to boost the liquidity thresholds in each segment of the financial system to levels that will sustain the country’s growth and development, according to the Federal Government’s National Development Plan 2021-2025.
The investment is also expected to optimize all aspects of the country’s balance sheet to free up the liquidity needed to support the economy’s stability, growth, and transformation.
According to the document, the Ministry of Finance, Budget, and National Planning, the Ministry of Industry, Trade, and Investment, the Infrastructure Concession Regulatory Commission, the Central Bank of Nigeria, the Securities and Exchange Commission, the National Insurance Commission, the National Pension Commission, and others have been tasked with increasing the amount to raise the financial sector’s liquidity thresholds over the next five years.
Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate