Economic and Financial Review


Central Bank of Nigeria


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


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





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.



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