New governor of the Central Bank of Nigeria, Olayemi Cardoso, may have opted out of some finance projects of his predecessor, Godwin Emefiele: Anchor Borrowers, eNaira, Currency Redesign.
Cardoso stressed that his administration would specifically drop the bank’s N63 billion Centre of Excellence programme, Anchor Borrowers’ Programme, eNaira (a financial inclusion instrument) and the controversial currency redesign policy introduced to curb banknote counterfeiting and vote buying during the last general elections.
Cardoso said the ABP was characterised by fraud while disclosing that he would discontinue states’ engagement.
Cardoso, it was said, believes that most of the existing CBN unorthodox policies introduced to support the fiscal side and create buffers for the national economy are not public-oriented.
The new management has, however, said it would focus on the core mandate of the central bank – monetary and price stability, promoting sound financial system and exchange rate control.
