CBN wants expansion of African central banks' mandate
Omotunde Alade The Acting Governor, Central Bank of Nigeria (CBN), Dr Sarah Alade, on Sunday, said the expansion of the mandates of African central banks was necessary to support developmental projects. Alade made the remark at the 7th joint Annual Meetings of the Economic Community of African Conference of African Ministers of Finance taking place in Abuja. Alade, who featured as a panelist on the topic “Capacity and Institutions for Industrial development : The Role of the Public and Private Sectors’’, said “there is need to closely examine the mandates of African central banks because it is narrowed to price stability.