Conclusion Let me conclude. I have talked about the challenges for monetary policy over time, especially in the light of the current financial crisis. Naturally, I have focussed mainly on the experience of the ECB. I would see three main messages. The first is on our mandate and monetary policy strategy.
32. Credit Allocation: As part of its long-term strategy for strengthening the Nigerian economy, the Bank established initiatives to resolve the underlying challenges to long-term GDP growth, economic 27  productivity, unemployment and poverty that had pervaded the economy over the past decades. Hence, the CBN established the Credit Bureau and the National Collateral Registry to improve access to credit in the domestic economy.