Section 31: Developmental Function.
The Bank may subscribe to, hold and sell shares of any Corporation or company or debentures thereof set up with the approval of or under the authority of the Federal Government for the purposes of promoting the development of money or capital markets in Nigeria or of stimulating financial or economic development so however that in any such case, the total value of the holdings of shares or, as the case may be, debentures to which this section applies shall not at any time exceed ten times the aggregate of the Bank's paid up capital and the general reserve fund of the Bank.
Cite this section
Section 31, CENTRAL BANK OF NIGERIA ACT (2007).
https://repo.podus.ai/laws/central-bank-of-nigeria-act/section/31/