The Managing Director of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has commended the decision of the Central Bank of Nigeria (CBN) to take necessary measures to compel commercial banks to lend to the real sector for economic growth and stability.

Kuru, stated recently in Lagos at the Institute of Directors (IoD) 2018 Fellows’ Luncheon with the theme: ‘Determinants of Growth in Transition Economies’ that the CBN was putting a lot of measures in place to ensure that things are stabilised, pointing out that no economy can survive without lending and supporting the real sector.

He also stated that lending to the sector would help drive investment and growth, noting that the key determinants of growth in any economy are good governance and human capital. Effective leadership that is driven by governance ensures that things are done as expected, he stressed.


The AMCON boss stressed the need for policy consistency and sustainability in the economy, further adding that four years is too short to transform the economy. He therefore called on Nigerians to support the administration of President Muhammadu Buhari in repositioning the economy, stating, “we need to be interested in leadership and governance.”

Kuru further stated that countries that have made sustained progress invested heavily in enhancing the stock of skills of its labour force by prioritising early childhood quality education, training and provision of health care, “investing in human capital raises productivity of workers due to upgraded skills and better education, empowers them with capacity for new ideas and innovations.”

Earlier in his remarks, Chairman of Council, Institute of Directors Nigeria, Alhaji Ahmed Mohammed, said the institute will continue to advocate for the entrenchment of good corporate governance in workplaces and encourage the application of best practices in the management of resources both in public and private sectors.

Mohammed also stated that they remain determined to create a forum where a fellow of the Institute or other distinguished speakers would be invited to deliver a lecture on a contemporary issue affecting the economy, with a view to stimulate discussions on viable solutions for our challenging environment and assist our policy makers

http://www.akelicious.net/2018/05/amcon-boss-lauds-cbn-for-compelling.html

FTC
Just don't understand why this sleep no gree come
Let me get my documents

Good for development

Well, it's good job the CBN is doing. But for the man to say 4 years ain't enough to make a meaningful impact on the economy is a lie.
Buhari must go back to Daura next year.
The man wants to keep his position for another term.
We are watching you from the other side man

Seen

GOOD DEVELOPMENT

miqos02:
Seen

Wetin u see?!

Third to comment sha

Stupid CBN.. How can you not monitor activities of banks in Nigeria. You give them dollar at 300 naira per dollar and they sell 400 to us what did you guys do about it?

So that you can go and cease their properties abi?

They are moving almost anything into front page now . You sure say if I sh it here dem nor go move am? Space booked though. I will come s h i t later.

Lending more to the real sector is a good development.

However, obtaining loan from Nigerian banks is not easy and paying back is more tedious.

You see soo many properties being taking over by AMCON as a result of default.

GET CHEAP MTN DATA BUNDLE @ AN AFFORDABLE RATE, U CAN PAY VIA BANK TRANSFER OR MTN AIRTIME

The difference between all these commercial banks and 419ers is just the suit

When I catch my account manager at Ecobank later today...

If 4 years is too short for the presidency to transform its economy, why should AMCON management kick-out their employees who can't transform or deliver an organization in distress within 2 years? ... Hypocrite

www.nairaland.com/4530370/must-read-experience-using-access pls yu guys should push this topic to front page @lala and mods ACCESS BANK CANT TAKE MY MONEY JUST LIKE THAT

https://www.youtube.com/watch?v=uqjk2mInQ9Y

(AMCON) Asset Management Corporation of Nigeria

AMCON is wasting Nigeria money to buy back loans from dead companies, some are even without workers, yet the borrower that ought to be prosecuted is allow to go scot free.

Get website Extra!

What is the real sector? I don't want to be confused but I see this below;

Kuru further stated that countries that have made sustained progress invested heavily in enhancing the stock of skills of its labour force by prioritizing early childhood quality education, training and provision of health care, “investing in human capital raises productivity of workers due to upgraded skills and better education, empowers them with capacity for new ideas and innovations.”

Since when did AMCON care about human capital development?

post=68007695:

Wetin u see?!

u should know