The Central Bank of Nigeria and its Developmental Functions: A Review of Current Initiatives

Authors

Cajethan M. Anyanwu, Emily Industries and Services Limited, Abuja

Publisher

Central Bank of Nigeria

Keywords

Central Bank of Nigeria, Developmental Functions, Economic Development, Nigeria, Central Bank of Nigeria Initiatives

Abstract

The paper x-rays the role of the Central Bank of Nigeria as an agent of economic development. The central bank impacts the economy via: ensuring monetary and price stability; management of external reserves; issue of legal tender currency; financial system management; the payments system; and developmental roles. Its developmental role has been given special attention in recent years with its intervention in the real sector.

Author Bio

Cajetan Anyanwu is the Managing Director of Emily Industries and Services Limited, Kubwa, Abuja

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

49

Recommended Citation

Anyanwu, Cajethan M. (2011). The Central Bank of Nigeria and its Developmental Functions: A Review of Current Initiatives. CBN Economic and Financial Review. 49(4), 193-216.