The Central Bank of Nigeria (CBN) is coordinating commercial banks, pension funds and other financial institutions to raise N1.5trillion to fund road, power and port facilities through a special purpose vehicle in collaboration with the federal government and key development finance agencies.
The Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, said this on Wednesday night at a presidential dinner to round off the Going for Growth 2.0 Roundtable organised by the bank in Abuja.
His soothing news came just as the apex bank said yesterday that the Naira was not in danger of devaluation, explaining that the nation’s microeconomic fundamentals remain very strong.
Emefiele had told his host, President Muhammadu Buhari, that the private sector had made commitments to ensure the implementation of resolutions at the round table session, if the government provides a conducive environment.
