The Governor, Central Bank of Nigeria, Godwin Emefiele has said that the federal government has adopted the unconventional monetary policy to grow and diversify the nation’s economy.
Delivering a lecture on Friday at Edo University Iyamho, titled “The role of economic monitoring policy towards development of Nigeria”, Emefiele said the federal government has to think outside the box and come up with the unconventional monetary policies as conventional tools were unable to address constraint to economic growth .
He noted that the policy requires encouraging local production by imposing high tariff and levies on imported goods so that local production, especially farming can grow.
