Moreover, capital flows to EMEs started to ease after 2011, a period when the Federal Reserve continued to add accommodation and reduce yields through increases in its balance sheet, as shown in the right panel. And, more recently, capital flows to EMEs have picked up again despite the fact that the Fed has been removing accommodation since 2015.
The Financial Literacy Steering Committee has been set up under my leadership in line with the NFIS. One of the most interesting elements of this project is a requirement for the Governor and Deputy Governors of the CBN and all bank CEOs to take time and teach financial inclusion to youths in secondary schools.