The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has been recognised as the 2017 Forbes Best of Africa Innovative Banking Award by leading business and financial magazine, Forbes.
According to a statement by the CBN, the President of Forbes Customs Emerging Markets, Mr Mark Furlong, who presented the award to Mr Emefiele at a dinner held at the Willard Intercontinental, Washington, on the sidelines of the Annual Meetings of the World Bank and the International Monetary Fund (IMF), on Thursday, said the award was in recognition of Emefiele’s courage and determination in using monetary policy to ensure financial stability in Nigeria.
The statement quoted Furlong as saying, “The CBN under Emefiele had also shown transparency, which had helped to stabilise the economy and had made huge interventions in the real sector of the economy. He particularly cited the Anchor Borrowers’ Programme (ABP) of the Bank as a major boost to the development of the agricultural sector in Nigeria.”
Emefiele, before receiving the award, highlighted efforts made by the Bank, under his leadership, since 2014, to stabilize the financial system and maintain the international value of the naira, according to the statement.