One big lesson learned from the recent crisis is the need to review the existing rules and laws relevant to the financial industry in Nigeria in line with the new financial environment and international best practice.
These alternative risk-free rates have been created or substantially reformed to ensure that robust, transaction-based rates that accurately represent well-defined underlying markets and are consistent with internationally-recognized standards are available. I want to thank the many institutions here today, and the many more that have played equally constructive roles, for their efforts in this process.