SAN FRANCISCO, May 25, (THEWILL) The Central Bank of Nigeria, CBN, will today – Thursday convene an interactive session via a live interactive session on Twitter better known as ‘Tweet-Meet’, which would focus on the economy to engage opinion shapers and stakeholders on the economy.
Themed, ‘Exiting Recession: Which Way Nigeria?’, the hashtags: #CBNSpeaks and #Rexit have been proposed for the session holding in partnership with Nigerian social media outfits like #Economy, Nairametrics, and NewswireNG.
The Tweet-Meet will afford Nigerians a platform to hear directly from the CBN and gain reliable insights into the health of the economy, the economic outlook going forward, and how they can position themselves and their businesses to benefit from government policies.
The planned engagement will provide an opportunity for the CBN to interact with Nigerians and indeed the global community directly, on issues related to the Bank’s policy response to the recession and the clear result of that response.
Recent data from the National Bureau of Statistics, NBS, shows that the Nigerian economy saw negative growth in the first quarter of 2017, contrary to the CBN’s expectations.
The report seems to call into question the efficacy of the Bank’s policy interventions which accelerated ending February, and may be more in line with critics’ assertions.
Most narratives detailing how the economic recession that hit Nigeria since 2016 is waning do not highlight enough the Bank’s role in that achievement.
With Nigeria’s economy taking a turn towards recovery, as confirmed by recent data, it is important to educate the public on some of the specific actions authorities have taken to grow the economy out of the recession.
Through the Tweet-Meet, the CBN therefore seeks to enlighten the public on the specific monetary policy actions it has taken to remedy the economic challenges.
The recent gains in the forex market have been linked to the CBN’s sustained interventions, which the Acting Director of Corporate Communications at the Bank, Dr. Isaac Okoroafor has repeatedly assured the public will be sustained in line with the CBN’s monetary policy mandate.
