Nigeria can be among largest economy in 2020 — CBN Director

Channels Television  
Updated December 3, 2012

The Director of communications of the Central Bank of Nigeria; (CBN) Ugo Okoroafor on Saturday said that Nigeria has done well with the finance of the economy compared to some countries not only in Africa but in Europe as well.

Mr Okoroafor, who was a guest on Channels Television’s programme, Sunrise, cited Greece as an example of countries facing recession in the global economy.

The CBN’s director said Nigeria is controlling the Foreign Direct Investment coming into Africa as it is now the arrowhead of sub-Saharan Africa, accounting for $46 billion in foreign reserves, opening doors for foreign investment in banking with RAND Merchant Bank signifying its interest in the Nigerian economy.

He listed some of the steps the country needs to take to be among the top economies of the world come 2020.

Below is a video of the complete interview with Mr Okoroafor.