Emem Usoro, Deputy Governor, Corporate Services, Central Bank of Nigeria, has credited ongoing reforms and policies implemented by the apex bank with rescuing Nigeria's economy from disaster. She made the statement during her acceptance speech at Akwa Ibom State University's combined 9th, 10th, 11th and 12th convocation ceremonies in Ikot Akpaden, Mkpat Enin Local Government Area, on Saturday. Usoro received an honorary doctorate degree in Business Administration (honoris causa) at the event, alongside five other Nigerians, including the Emir of Kano, Alhaji Aminu Ado Bayero, and several engineers and religious leaders.
She attributed recent economic stability to the alignment of monetary policies with fiscal reforms by the CBN and the Federal Government, citing gains in exchange rate stability, macroeconomic balance, and inclusive growth. Usoro stated that systems developed and policies executed by the bank brought the country back from economic disaster and are positioning the economy to serve all segments of society. She emphasized that nations like Singapore, Japan and South Korea achieved prosperity by harnessing the innovation and brilliance of their youth, urging graduates to apply their knowledge for national impact.
Usoro announced that the CBN would provide financial support to Akwa Ibom State University for academic and research development. She encouraged graduates to remain curious, reject apathy, and pursue excellence through preparation and perseverance, particularly urging female graduates to overcome societal and cultural barriers. A total of 6,779 first-degree and 746 postgraduate students graduated during the period under review.
Emem Usoro claims CBN policies saved Nigeria from economic disaster, yet offers no measurable data to define the disaster or the metrics of recovery. The assertion rests solely on her statement, with no referenced indicators like inflation rates, GDP shifts or forex levels before and after the reforms. If the economy was on the brink, the public deserves specifics on how close it came and what evidence confirms the turnaround. Without verifiable benchmarks, such declarations risk sounding ceremonial rather than factual, especially at a convocation where praise was expected.
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