Central bank, others to invest N1.54trn in FGs National Development Plan

By Larry John Brown

Published: January 4, 2022 | 3:58 PM GMT

The Central Bank of Nigeria and others particularly the financial services regulators, would invest N1.

54 trillion over five years to increase liquidity in the financial services sector.

The government intends to boost the liquidity thresholds in each segment of the financial system to levels that will sustain the country’s growth and development, according to the Federal Government’s National Development Plan 2021-2025.

The investment is also expected to optimize all aspects of the country’s balance sheet to free up the liquidity needed to support the economy’s stability, growth, and transformation.

According to the document, the Ministry of Finance, Budget, and National Planning, the Ministry of Industry, Trade, and Investment, the Infrastructure Concession Regulatory Commission, the Central Bank of Nigeria, the Securities and Exchange Commission, the National Insurance Commission, the National Pension Commission, and others have been tasked with increasing the amount to raise the financial sector’s liquidity thresholds over the next five years.

Investments from these government institutions will be used to organize and support the private sector to achieve the NDP’s aims.

Private operators in the financial industry, including banks, insurance companies, exchanges, and others, will be coordinated to invest and achieve their goals, according to the NDP.

Nairametrics
Central bank, others to invest N1.

54trn in FGs National Development Plan

About Larry John Brown

Larry John is a talented writer and journalist based in New York, USA. He is a valued contributor to TDPel Media, where he creates engaging and informative content for readers. Larry has a keen interest in current events, business, and technology, and he enjoys exploring these topics in-depth to provide readers with a comprehensive understanding of the issues. His writing style is characterized by its clarity, precision, and attention to detail, which make his articles a pleasure to read. Larry’s passion for storytelling has earned him a reputation as a skilled writer and a respected authority in his field.