The Alliance for Economic Research and Ethics LTDGTE.
CBN says macroeconomic stability alone won’t fix Africa’s growth challenge
… Nigeria’s external reserves top $43bn
Africa’s monetary and foreign exchange reforms have helped stabilise economies across the continent but cannot, on their own, resolve long-term growth constraints, the Central Bank of Nigeria (CBN) said on Wednesday, urging policymakers to complement macroeconomic reforms with measures that improve productivity and investment.
Muhammad Sani Abdullahi, deputy governor for corporate services at the CBN, said African economies must move beyond stabilisation policies and focus on structural reforms capable of unlocking sustainable growth, as they confront global trade disruptions, technological changes, geopolitical tensions and climate pressures.