1. It is my great pleasure to welcome you all to our capital city of Abuja, on the occasion of the 2016 Governors Symposium and the 39th Ordinary Session of the Assembly of Governors of the Association of African Central Banks. I advise our guests, especially those who are visiting Abuja for the first time, to take time out to tour and enjoy the bustle and variety of the city and the well-known hospitality of the Nigerian people. - 2. Your distinguished club, the Assembly of Governors of the Association of African Central Banks meets annually to discuss and exchange views and experiences on topical issues affecting African economies and seek ways to improve macroeconomic governance in our countries. I sincerely hope that this year’s event would generate discussions and provide viable policy options that would assist to resolve the numerous economic challenges facing the continent. _
3. Your Excellencies, distinguished guests, ladies and gentlemen, I believe that the theme of this year’s Symposium—“Unwinding Unconventional Monetary Policies: Implications for Monetary Policy and Financial Stability in Africa”— covers contemporary issues and is of special relevance to us in Africa. It corresponds with a period when African economies are confronted with a number of growing and sometimes extraneous challenges that constitute threats to growth and the stability of our financial systems. _
4. I am confident that you will come up with practical ways by which we can chart a way forward for the growth and development of Africa. The region is confronted with several global and domestic economic challenges. Most worrisome is the slowdown in growth; weakening global demand; rising inflation; restrictions in capital flows; rising debt levels; increased exchange rate volatility and depleting external reserves. _
5. Those of us who rely on only natural resources such as Nigeria, Angola, South Africa, and Mozambique have been hit the hardest. We have also had to contend with the effect of it
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