The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated his administration’s unwavering commitment to driving Nigeria’s economic stability through transparent, data-driven, and sustainable monetary policies.
Speaking at a recent economic forum, Cardoso emphasized that the CBN is focused on rebuilding institutional credibility, curbing inflation, stabilizing the naira, and laying a solid foundation for long-term economic growth.
YOU CAN ALSO READ: Flying High: Air Peace Announces Landmark Abuja to London Heathrow Route
“We are deliberate about restoring confidence in the Nigerian financial system,” Cardoso stated. “Our policies are not driven by short-term populism but by sound economic fundamentals that will ensure stability, strengthen the value of the naira, and create an enabling environment for businesses to thrive.”
He explained that the CBN’s recent policy actions, including tighter monetary control, improved coordination with fiscal authorities, and reforms in the foreign exchange market, are beginning to yield measurable results. These measures, according to him, are aimed at reducing market distortions, encouraging transparency, and attracting both domestic and foreign investment.
Cardoso noted that the Bank’s long-term vision is to ensure Nigeria becomes a competitive, innovation-driven economy where monetary stability fuels real sector growth. “Beyond price stability, our focus is on productivity, inclusiveness, and resilience,” he said. “We want to see more Nigerian businesses growing, creating jobs, and contributing to GDP in a way that directly impacts the lives of citizens.”
The CBN Governor also highlighted the institution’s renewed emphasis on professionalism, governance, and institutional independence. He explained that under his leadership, decisions are being guided by data, evidence, and global best practices rather than political influence or short-term pressure.
“Our approach is reform oriented,” Cardoso added. “We are building a Central Bank that Nigerians can trust, one that communicates clearly, operates transparently, and supports sustainable development.”
YOU CAN ALSO READ: All Hands on Deck: Arunma Oteh Unveils Her Vision for Inclusive African Prosperity
He further revealed that the CBN is working closely with financial institutions to deepen credit penetration, especially for micro, small, and medium-scale enterprises (MSMEs), which remain the backbone of the Nigerian economy. Initiatives around financial literacy, digital inclusion, and credit accessibility are also being expanded to ensure that the benefits of monetary stability reach everyday Nigerians.
Cardoso expressed optimism that with sustained discipline and collaborative governance, Nigeria’s economy is on course for gradual recovery and long-term strength. “The journey to stability is not instant, but it is achievable,” he said. “Our collective commitment to reform and responsibility will define the future of Nigeria’s economy.”
