CBN, FIRS, Others To Meet On Financial System Strategy


By Mike Abba

The Central Bank of Nigeria (CBN) in conjunction with other relevant government agencies will meet in Lagos this week to discuss how to effectively execute the Financial System Strategy also known as FSS 2020

All the agencies partaking in the meeting are those involved in the implementation of the FSS 2020 to mark 10 years of strategising to bring the scheme into existence.

The FSS 2020 was launched by the CBN In 2007 aimed at calibrating the financial system as a means of ensuring economic growth and development.

The ultimate aim is to ensure sustained growth of the economy in all sectors and that Nigeria becomes  one of the 20 largest economies in the world by 2020.

According to CBN, the objective of the 2-day event this week Wednesday through Thursday (December 6 – 7), is to review the status of the FSS2020 programme and deliberate on the priorities and strategies for the next three years (2018-2020).

The CBN and the various implementing agencies such as the National Federal Mortgage Bank of Nigeria (FMBN), Federal Inland Revenue Service (FIRS), Nigerian Stock Exchange (NSE), National Insurance Commission (NAICOM), Securities and Exchange Commission (SEC), among others will take stock of the milestone achieved so far as well as address challenges in pushing ahead with the scheme.

This newspaper learnt that participants are expected to come up with an outlook for the next three years (2018-2020) and beyond in helping to evolve an economy that is expected to be one of the 20 largest economies in the world in the next three years.