Economy: NGE drums support for CBN policies

  The Nigerian Guild of Editors (NGE) has urged Nigerians to support the Central Bank of Nigeria (CBN) in its activities to diversify the economy, just as it commended the efforts of the Bank towards resuscitating the nation’s ailing economy.

Rising from its 2017 biennial convention in Lagos attended by over 350 editors of media outlets in the country, the Guild said the efforts of the Federal Government at diversifying the economy were commendable. The Guild singled out the CBN for special commendation for its intervention in the forex market, which it noted not only moderated the exchange rate but also halted the rising inflation in the country.

The editors, in a seven-point communique signed by the re-elected President, Funke Egbemode and the Secretary General, Victoria Ibanga, also expressed their support for the CBN’s leading role in advancing the patronage for the Made-in-Nigeria goods; an action they noted had seen the Federal Government’s economic diversification efforts yielding positive results.    

The Guild therefore urged all Nigerians to support the government in its bid to bring the country out of the economic recession, which they recognized had affected all sectors of the economy including the media industry.   In spite of the current challenges, the Guild admonished the media to intensify efforts aimed at promoting government’s policies on economic diversification.