Discussing Economic Growth: L-R: Rev Fr Hyacinth Iormem Alia, Governor, Benue State; Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria; Ms. Emem Usoro, Deputy Governor, Operations Directorate, Central Bank of Nigeria during the Benue State Governor’s courtesy visit to the CBN Governor on Wednesday, July 24, 2024.
Olayemi Cardoso, Governor, Central Bank of Nigeria Discussing Economic Growth: L-R: Rev Fr Hyacinth Iormem Alia, Governor, Benue State during his visit to the CBN, July 24, 2024.

Governor of State, Rev Fr Hyacinth Alia has called for support from the Central Bank of Nigeria (CBN) in streamlining the state’s economy to assist in the development of vital infrastructure, technology and mining sector.

Governor Alia made this charge during a courtesy visit to the Governor of the CBN, Olayemi Cardoso, in Abuja.

In a statement on Thursday by the Principal Special Assistant to the Governor on Media, Publicity, and Communications Strategy, Ms Bridget Tikyaa, the state seeks to fully harness its potentials for growth and development.

Benue State Governor Fr Alia and CBN Governor Cardoso (Nigerian mining)
Discussing Economic Growth: L-R: Rev Fr Hyacinth Iormem Alia, Governor, Benue State; Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria;  Ms. Emem Usoro, Deputy Governor, Operations Directorate, Central Bank of Nigeria during the Benue State Governor’s courtesy visit to the CBN Governor on Wednesday, July 24, 2024.

He added that Benue has vast opportunities in agriculture, solid minerals which the state wants the CBN to support in fully harnessing for local markets and export.

In order to ensure proper planning and strategic engagement with investors, the Governor urged the apex bank to provide expertise for development of actionable data in all critical sectors of development

He informed the CBN Governor about the state’s newly created Bureau of Statistics, aimed at enhancing the state’s statistical systems, boosting the economy through job creation and foreign exchange activities, and supporting the agricultural sector.

Governor Alia further said, “We seek your support in providing system strengthening and equipment infrastructure for the Benue State Bureau of Statistics. This support will not only benefit the Benue State Government but will also enhance the capabilities of the CBN and Nigeria at large. A well-supported statistical system ensures we have reliable data to guide our economic policies and development strategies.”

The Governor of the CBN, Olayemi Cardoso, commended Governor Alia and expressed his application for the initiatives aimed at diversifying the economy.

“The Central Bank of Nigeria will take necessary measures to bring the nation’s rising inflation under control. While monetary policy has been moderating aggregate demand, rising food and energy costs continue to exert upward pressure on price development,” he said.

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