He said that the dollar exchange rate increase is a result of the importation of goods, stressing that unless there is a complete diversification of the economy the problem would continue.
Mr Nwanisobi who said that CBN is diversifying the economy to non-oil sectors to boost the economy of the country disclosed that CBN is intervening massively in agriculture to reduce inflation and create more jobs for our youths.
Also speaking, the Directly General of Micheal Imodu National Institute of Labour Studies, Comrade Issah Aremu, appreciated the Central Bank for bringing in a national planning policy.
He also commended the Central Bank governor, Godwin Emefiele for setting agenda for Nigerians to start producing what they consume as the only way to improve the economy, assuring him of the immeasurable corporation to achieve success.
He disclosed that CBN has been financing indigenous companies to improve locally produced goods and the farmers, stressing that re-industrialization is the only way out of economic quagmires and.
He commended CBN for promoting financial literacy of workers, which he said would help them know what is happening in the economy, inflation rate and to know the difference between policies, their jobs and productivity.
Earlier, the chairman of the Nigerian Labour Congress, NLC, Enugu chapter, Comrade Virginus Nwobodo commended CBN for creating a platform for citizens to acquire knowledge about its policies and reasons to encourage our local productions.
He noted that interactive enlightenment sessions created an insight into the effect of patronizing locally produced goods.
