In this episode, CLRNN continues the discussion with Mr Dele Alabi - Managing Director, Ecobank Transnational Incorporated (ETI) Specialised Finance Company.
Mr Alabi discusses the responses of the Nigerian government and the Central Bank of Nigeria to the twin shocks affecting the Nigerian economy in 2020 - the Covid-19 pandemic and the oil crisis. He delves into thorny issues in prudential and monetary regulations, including the CBN's approach to the management of the cash reserve ratio, loan to debt ratio, non-performing loan ratios, inflation and liquidity in the markets. He assesses the implications of the burgeoning national debt for the country's credit ratings and the impact on the broader economy, including the banks. He examines the prospects of sub-regional and regional banking and economic integration and outlines his suggestions for the future.