Central Bank Deputy Governor Highlights Economic Reforms at Convocation Ceremony
Emem Usoro, the Deputy Governor for Corporate Services at the Central Bank of Nigeria, commended the bank’s ongoing reforms, emphasizing that the implemented systems and policies have been instrumental in shielding the Nigerian economy from potential disaster.
Honorary Doctorate Award Ceremony at Akwa Ibom State University
Professor Usoro delivered these remarks during her acceptance speech at the joint convocation ceremonies for the 9th, 10th, 11th, and 12th graduating classes of Akwa Ibom State University, held in Ikot Akpaden, Mukpat Enin Local Government Area on Saturday.
Celebrated Honorees from Diverse Fields
Accompanying Mr. Usoro were several distinguished Nigerians, including Emir of Kano, His Highness Alhaji Aminu Ado Bayero, along with Managing Directors from notable companies such as Henseku Engineering Limited, Engineer Uwem Okoko, Engineering Oliver Ebong, Pastor Inyang Udo Toby, and Engineer Elvis Effiong Oson, all of whom received various honorary degrees from the institution.
Robust Economic Policies Driving Growth
Usoro highlighted that additional economic strategies initiated by the Central Bank include the alignment of monetary policy with fiscal reforms, which have fostered exchange rate stability, enhanced macroeconomic conditions, and promoted economic growth while contributing to sustainable development across various sectors.
Commitment to Building a Resilient Economy
“At the Central Bank of Nigeria, we are dedicated to cultivating a resilient economy that supports aspirations and integrates Nigeria within a global economy rich in opportunities,” Usoro remarked. She described the bank’s initiatives aimed at facilitating recovery from economic setbacks and creating systems that cater to all segments of society.
The Importance of Human Capital in Economic Development
Professor Usoro underscored the critical role of graduates as the future leaders of Nigeria, arguing that the nation’s prosperity hinges on attracting skilled individuals to the workforce. She noted that countries like Singapore, Japan, and South Korea have achieved impressive economic advancement by effectively utilizing the talents of their youth.
Encouraging Graduates to Innovate and Contribute
“Countries that lack abundant mineral resources have prospered by harnessing the capabilities of their young populations,” she emphasized. “I urge you to leverage your knowledge as a potent tool for positively influencing Nigeria’s future.” She expressed delight at witnessing the graduation of so many talented individuals, describing them as the promise of a brighter future and the catalyst for innovative breakthroughs in various fields, from technology to finance and creative industries.
Support for Academic Excellence and Perseverance
Additionally, Usoro announced that the Central Bank would extend financial resources to support academic and research initiatives at the university. She encouraged graduates to nurture their curiosity and engage actively with new ideas. “Excellence is born from preparation, commitment, and perseverance,” she noted, particularly encouraging female graduates not to be dissuaded by societal challenges in pursuing their ambitions.
In total, 6,779 first-degree graduates and 746 postgraduate students celebrated their achievements during the ceremonies, marking a significant milestone in their educational journeys.
