The Central Bank of Nigeria (CBN) is set to unveil a new risk management strategy, Moment Nigerian Newspapers reports. For attaining risk and financial stability, CBN and other banks will contribute $11.13 billion within a period of 10 years beginning from this year.

The apex regulator will set aside $327.22 million every year into a “Sinking Fund,” while the banks will allocate 0.3% of their profit, said CBN deputy governor, financial system stability Kingsley Moghalu. CBN will work with the Securities and Exchange Commission for financial stability.

Click here for the story from Moment Nigerian Newspapers.