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Businesses, banks participate in CBN enlightenment fair in Rivers

Business operators, banks, farmers, cooperative societies, NYSC members and workers of various establishments yesterday participated in an Enlightenment Fair organised by the Central Bank of…

Business operators, banks, farmers, cooperative societies, NYSC members and workers of various establishments yesterday participated in an Enlightenment Fair organised by the Central Bank of Nigeria, CBN, in Port Harcourt, Rivers State.

The Enlightenment Fair according to CBN Fair Team Lead and Deputy Director, Corporate Communication Department, Sam Okagbue, was aimed at educating and enlightening the participants on consumer protection, payment currency operations, payment management systems, development finance and eNaira transactions.

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Businesses, banks participate in CBN enlightenment fair in Rivers

He said that in the past 15 years Nigeria has survived several challenges such as the economic recession, COVID-19 pandemic, oil theft, insecurity and Nigeria’s attitude toward foreign goods saying that the challenges have a negative impact on the nation’s Gross Domestic Product, GDP.

He berated Nigeria’s urge for foreign goods, which he said led to the rise in foreign exchange rates.

“CBN is about the economy and the economy is about the people. We are here to interact with you about the economy so as to be conscious of what you are doing that impacts the economy.

“Our attitude to foreign goods is affecting our economy. This Enlightenment Fair will educate you on consumer protection, currency operations, payment management system, development finance and eNaira.”

CBN Port Harcourt branch Controller, Maxwell Okafor, said the fair is aimed at intimidating the participants about the activities of CBN and what is required of them to secure their businesses and operate a free market economy.