CBN, FIRS, others meet to strategise on FSS 2020

The Central Bank of Nigeria (CBN) and other agencies involved in the implementation of the Financial System Strategy (FSS 2020) will converge in Lagos this week to mark ten years of strategising to bring into existence the Financial System Strategy 2020.

The objective of the event, which is billed for the Radisson Blu Hotel, Victoria Island, Lagos, from Wednesday, December 6 to Thursday, December 7, 2017, is to review the status of the FSS2020 programme and deliberate on the priorities and strategies for the next three years (2018-2020).

During the forum, the CBN and the various implementing agencies such as the National Federal Mortgage Bank of Nigeria, Federal Inland Revenue Service, Nigeria Stock Exchange, National Insurance Commission, Securities and Exchange Commission, etc. are to take stock of the progress so far and address challenges in forging an international financial system. Participants are expected to come up with an outlook for the next three years (2018-2020) and beyond in helping to evolve an economy that is one of the 20 largest economies in the world.

Highlight of the event to be declared open by the Governor of the Central Bank of Nigeria (CBN) is the delivery of the keynote address by the Coordinator of the FSS2020 Project Office and CBN Deputy Governor in charge of Corporate Services Directorate, Alhaji Suleiman Barau, whose tenure as Deputy Governor ends later this month.

In 2007, the CBN launched the FSS2020 aimed at calibrating the financial system as a means of ensuring economic growth and development with the view of growing the Nigerian economy to become one of the 20 largest economies in the world by 2020.