Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has reaffirmed the bank’s commitment to ensuring long-term economic stability, promoting financial inclusion, and maintaining policy transparency.
During recent engagements with global stakeholders, he emphasized Nigeria’s positive momentum as reforms progress.
Additionally, he highlighted the growing international confidence in the country’s economic direction.
In a Sunday statement on his official X (formerly Twitter) account, Cardoso shared insights from his discussions with investors, development partners, and academics. He noted the increasing global interest in Nigeria, calling it proof of the country’s reform successes. “The growing interest in Nigeria is encouraging, and the momentum is real,” he declared. Furthermore, he stressed the importance of sustaining this positive trajectory through consistent policies.
Cardoso has actively advocated for Nigeria’s reforms on multiple platforms. For instance, in April, he delivered a keynote speech at a virtual conference on Sustainable Development in Africa. Organized by the University of Nigeria, Nsukka, the event focused on financial inclusion and economic resilience. Addressing students, he urged them to champion these principles as future leaders. Moreover, he reiterated the CBN’s role in fostering sustainable growth.
To strengthen Nigeria’s global financial ties, the CBN partnered with JP Morgan and the Nigerian Exchange Group for a high-level forum in New York. Held before the 2024 IMF/World Bank Spring Meetings, the event aimed to enhance transparency and build investor trust. “Our goal was clear: open the books, share the facts, and forge stronger long-term partnerships,” Cardoso explained. Consequently, participants acknowledged Nigeria’s economic improvements.
The forum yielded significant outcomes, including recognition from global financial leaders. Notably, Fitch Ratings upgraded Nigeria’s economic outlook, validating recent reforms. During a fireside chat with Nobel Laureate Professor James Robinson, Cardoso discussed the importance of credible institutions. He also reaffirmed the CBN’s dedication to transparency and policy consistency. These efforts, he argued, are vital for Nigeria’s long-term prosperity.
Following the forum, Cardoso joined Finance Minister Wale Edun to lead Nigeria’s delegation to the IMF/World Bank meetings. There, they showcased reform achievements, including macroeconomic stability and foreign exchange market normalization. Additionally, they highlighted rising external reserves and growing investor interest. “These reforms are demanding, but they are delivering positive results,” Cardoso asserted. He further emphasized Nigeria’s transition from economic vulnerability to strength.
While acknowledging the challenges, Cardoso urged Nigerians to remain disciplined and collaborative. He assured citizens that the CBN remains focused on excellence and resilience. Ultimately, his leadership underscores a commitment to transparency and sustainable growth. As reforms continue, Nigeria moves closer to a more prosperous future.
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