The role of the Central Bank in the economic development of Nigeria is to

The role of the Central Bank in the economic development of Nigeria is to maintain a stable price system. This means that the Central Bank takes measures to keep inflation under control and stabilize the value of the country's currency. In doing so, it promotes economic growth and development by creating a conducive environment for investment, trade, and business activities. The Central Bank achieves this by regulating the money supply, setting interest rates, and managing the exchange rate. Additionally, the Central Bank provides financial and technical advice to customers and facilitates business transactions through the use of cheques and bank drafts, but these are secondary roles to its primary mandate of maintaining a stable price system.