The Group Managing Director/Chief Executive Officer, United Bank for Africa, Chief Oliver Alawuba has appealed to Nigerians to focus on the positive impacts of the naira redesign policy, stressing that the policy will support the economy of the country in the long run.

Chief Alawuba made the appeal while fielding questions from Newsmen in Owerri, the Imo State capital, during the conferment of honorary doctorate degree on him by Imo State University Owerri, weekend.

The GMD added that what Nigerians are passing through now following the new policy is a transition period, revealing that the Central Bank of Nigeria is working very hard with Deposit Money Banks to ensure that the aspiration and objective of the redesign project come into fruition.

“CBN is working with the banking community to ensure that the redesign project is a success”, Alwauba enthused.

The Chief Executive said Nigerian economy requires the contributions of both the public and private sectors, charging both sectors to work in collaboration so as to fix the economy.

He expressed gratitude to UBA for the appointment as GMD/CEO of the bank, his colleagues who, Alawuba noted, have been supporting him in the role and UBA customers for their support and patronage.

He said the doctorate degree comes with a lot of commitment to the ideals, aspirations and support to humanity.

IMSU Vice Chancellor, Prof. UU Chukwumaeze had earlier informed that the honour was in recognition of Chief Alawauba’s immense contributions to the financial sector in Nigeria and Africa and as one of the major drivers who contributed to taking modern banking to all state capitals and major cities in Nigeria where hitherto most banks primarily concentrated on the major commercial centers of the country.

Chief Alawuba hails from Amaifeke in Orlu Council Area of Imo State and had through a foundation he co-founded, Eberechi Foundation, provided succor to indigent students, widows, orphans and the elderly in the society.

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