CBN Governor Cardoso Restates Drive for Economic Stability Amid Global Uncertainty

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Central Bank of Nigeria Governor Yemi Cardoso

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reiterated the apex bank’s determination to protect Nigeria’s economic stability despite mounting global financial pressures.

Cardoso gave the assurance during a high-level engagement with business executives and institutional investors in Washington, D.C., at the U.S.–Nigeria Executive Business Roundtable.

The meeting brought together key stakeholders to discuss Nigeria’s reform agenda and investment climate.

According to the CBN governor, the Bank remains firmly committed to maintaining macroeconomic stability through transparent markets, consistent policies, and a predictable regulatory environment.

He emphasized that the CBN continues to play a central role in supporting Nigeria’s broader economic reforms.

Highlighting recent policy actions, Cardoso pointed to ongoing foreign exchange market reforms, the return to orthodox monetary policy, restructuring within the banking sector, and the modernisation of Nigeria’s payment systems.

He noted that these measures are critical to stabilising the economy and creating the foundation for sustainable growth driven by the private sector.

The roundtable, organised by the U.S. Chamber of Commerce’s U.S.–Africa Business Center, focused on economic stabilisation, regulatory certainty, and expanding bankable investment opportunities across key sectors of the Nigerian economy.

Participants agreed that the discussions reflected strengthening commercial relations between Nigeria and the United States.

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Speaking on the outcome of the meeting, Kendra Gaither, President of the U.S.–Africa Business Center, said global investors are increasingly prioritising credibility and consistency in policy direction.

She noted that Nigeria’s emphasis on clear rules and disciplined reforms is enhancing investor confidence, particularly at a time when economies worldwide are seeking stability and predictability.

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