CBN, Others Meet on FSS 2020

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Central Bank of Nigeria, Abuja

The Central Bank of Nigeria and other agencies involved in the implementation of the Financial System Strategy (FSS 2020) will converge in Lagos this week. This event which holds on Wednesday and Thursday, is to review the status of the FSS 2020 programme and deliberate on the priorities and strategies for the next three years (2018-2020), according to a statement by the CBN yesterday.

The statement reads: The objective of the event, which is scheduled to hold in Lagos, is to review the status of the FSS 2020 programme and deliberate on the priorities and strategies for the next three years (2018-2020).

During the forum, the CBN and the various implementing agencies such as the National Federal Mortgage Bank of Nigeria, Federal Inland Revenue Service, Nigeria Stock Exchange, National Insurance Commission, Securities and Exchange Commission will take stock of the progress so far and address challenges in forging an international financial system.

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 one of the 20 largest economies in the world.

Project Office and CBN Deputy Governor in charge of Corporate Services Directorate, Alhaji Suleiman Barau, whose tenure as Deputy Governor ends later this month. “In 2007, the CBN launched the FSS2020 aimed at calibrating the financial system as a means of ensuring economic growth and development with the view of growing the Nigerian economy to become one of the 20 largest economies in the world by 2020.”