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Wike Accuses CBN of Starving Rivers Economy of Funds


Rivers State governor, Chief Ezebunwo Nyesom Wike, has accused the Central Bank of Nigeria (CBN) of starving the economy of the state of fund due to politics.

This is as he said his administration will continue to support Small and Medium Enterprises (SMEs) for the sustained growth of the state’s economy.

Wike, who spoke when he granted audience to the House of Representatives Committee on Banking and Currency and CBN, called on politicians to work towards developing their respective communities instead of perpetually playing politics.

The governor, who noted that his administration has already worked with the CBN to support SMEs through grants, said, “As a state government we have taken steps to support and improve SMEs in the state. Everything will be done to encourage entrepreneurship through legislation.

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“Support for SMEs will empower more people and create jobs that will sustain a greater percentage of our people. We will continue to invest in SMEs.”

He charged all politicians in leadership positions to use their offices to impact the lives of the people.

Wike said, “Party is a mere vehicle to attaining office. Once elections are over, let us focus on projects delivery. Whatever you are doing, do it for the people.”

The governor, who condemned the deliberate plots to rig the 2019 elections, pointed out that the election manipulators will be resisted. He said insecurity grew across the country because the federal government preferred to play politics with security challenges in Rivers State.

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He commended the House of Representatives Committee on Banking and Currency and the Central Bank of Nigeria for coming to the state for their retreat, saying that they have emulated other groups who found the state a worthy host of important events.

Earlier, chairman of the House of Representatives Committee on Banking and Currency, Hon. Jones Onyereri said that the retreat is necessary to forge a formidable front to build a framework that will grow the
middle class.

Onyereri noted that the right steps have been taken to build SMEs which are necessary to empower the people and create jobs.

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Also speaking, deputy governor of the Central Bank of Nigeria, Mr Suleiman Baro, said the essence of the retreat is to facilitate the oversight function of the National Assembly.

Baro said that the CBN will continue to work with the National Assembly to strengthen the fiscal and monetary framework for the economic development of the country.


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