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CBN and The Community

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Collaborative Research Projects With Relevant Agencies

The CBN has in the past worked in collaboration with some agencies to serve the public and keep them informed with the economic issues concerning the country. The bank in conjunction with Nigerian Institute of Social and Economic Research (NISER) conducted studies in the following areas:

  1. 1996 - Conceptual and Methodological Framework for Informal Sector in Nigeria
  2. 1998 - Nigeria Informal Foreign Exchange Market - Implication for Foreign Exchange Management
  3. 2001 - Index Study of the parallel Foreign Exchange Market in Nigeria
  4. Also in 2001, CBN, NISER and Nigerian Bureau of Statistics (NBS) conducted a study of the Informal Sector Volumes I& II
  5. CBN and NBS carried out the 2005 half year Socio- Economic
  6. Survey to generate Quarterly Gross Domestic Product (GDP) and socio–economic indicators as Producer Price Index (PPI) and Consumer Price Index (CPI). N54,063,240.00 was used to conduct the survey with CBN and NBS contributing 70% and 30% of the amount respectively.
  7. The sum of N79,376,000.00 was expended when CBN, NBS and Nigerian Communications Commission (NCC) collaborated and conducted the 2005 Annual Socio Economic Survey with the funding arrangement at 50%, 30% and 20% respectively.

Collaborative Development Finance Projects

In addition to the collaborative research projects, the Bank is also involved in the management of collaborative programmes with various development partners. Such projects include the:

  1. UNDP project on Developing Sustainable Micro finance Sector in Nigeria
  2. UNDP Micro start project
  3. World Bank Micro Small and Medium Enterprises Project
  4. International Fund for Agricultural Development Rural Finance Institution Building Project

CBN is also collaborating with the Ford Foundation, UNDP, United States Agency for International Development (USAID), Department for International Development (DFID), and the German Technical Aid Agency (GTZ) on capacity gap assessment and building in readiness for the implementation of the micro finance policy.


Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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