CBN submits 2019 budget proposal to parliament

The Central Bank of Nigeria (CBN) has submitted its 2019 budget proposal to the House of Representatives Committee on Banking and Currency.

Presenting the budget proposals for 2019, the CBN Governor, who was represented by the deputy governor, corporate Services, Edward Lametek Adamu, gave a summary of all the vote heads and commitments of the Bank for 2019.

Adamu explained that the Bank remained committed to sustaining stability in the financial system in addition to pushing policies that will continue to engender growth in the Nigerian economy. He, however, disclosed that the Bank was devising new means of managing liquidity in order to reduce expenses on liquidity management in 2019.

Responding, the Chairman House of Representatives Committee on Banking and Currency, Honourable Jones Onyereri acknowledged the effort of the CBN at managing liquidity. He, however, urged the Bank to do more by further enlightening members on the dynamics of liquidity management.

Related News

Adamu was accompanied to the National Assembly by Departmental Directors from the Bank: Ibrahim Mu’azu (Strategy and Management Department); Mudashir Olaitan (Development Finance); Umma Dutse (Human Resources); Isaac Okorafor (Corporate Communications); and Arinze Stanley (Procurement and Support Services).

HOPE MOSES-ASHIKE

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.