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Nairaland Forum / Nairaland / General / Business / AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector (4558 Views)
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AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by Nwaforj44: 3:39am On May 30, 2018 |
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 2 Likes 1 Share
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Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by Ateewologun(m): 3:40am On May 30, 2018 |
FTC Just don't understand why this sleep no gree come Let me get my documents |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by Mikeross62: 4:53am On May 30, 2018 |
Good for development 2 Likes |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by Emjay1310(m): 6:10am On May 30, 2018 |
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 4 Likes 2 Shares |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by miqos02(m): 7:33am On May 30, 2018 |
Seen |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by MANNABBQGRILLS: 7:34am On May 30, 2018 |
GOOD DEVELOPMENT |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by MANNABBQGRILLS: 7:34am On May 30, 2018 |
miqos02:Wetin u see?! |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by OlufemiOAP(m): 7:34am On May 30, 2018 |
Third to comment sha |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by Crystolexy: 7:35am On May 30, 2018 |
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? 2 Likes |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by Nobody: 7:35am On May 30, 2018 |
So that you can go and cease their properties abi? 1 Like |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by otunbabadok(m): 7:35am On May 30, 2018 |
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. |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by datola: 7:38am On May 30, 2018 |
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. 1 Like |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by luvcherish(m): 7:38am On May 30, 2018 |
GET CHEAP MTN DATA BUNDLE @ AN AFFORDABLE RATE, U CAN PAY VIA BANK TRANSFER OR MTN AIRTIME |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by Nobody: 7:43am On May 30, 2018 |
The difference between all these commercial banks and 419ers is just the suit When I catch my account manager at Ecobank later today...
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Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by KINGTELLER: 7:51am On May 30, 2018 |
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 |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by xxolisexx(m): 7:52am On May 30, 2018 |
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 |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by Horus(m): 7:55am On May 30, 2018 |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by Realdeals(m): 7:58am On May 30, 2018 |
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. |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by Dee20: 8:35am On May 30, 2018 |
Get website Extra!
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Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by KrystosCJ(m): 9:35am On May 30, 2018 |
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? |
Re: AMCON Boss Lauds CBN For Compelling Banks To Lend To Real Sector by miqos02(m): 9:43am On May 30, 2018 |
post=68007695:u should know |
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