By Chris Agabi
The Governor of the Central Bank of Nigeria (CBN), Dr. Alayemi Cardoso has provided some insights into the recent activities of the apex bank aimed to.instilling confidence into the Nigerian market and revving Investments.
The CBN Governor took to his X handle @olayemicardoso1 to chronicle the recent activities of the apex bank and the potential impacts.
He tweeted:
“Over the past few weeks, I’ve had the privilege of engaging with some of the most important audiences connected to Nigeria’s future, from global investors and development partners to students, academics, and our vibrant diaspora.
“The growing interest in Nigeria is encouraging, and the momentum is real.”
“Earlier in April, I delivered the keynote at the inaugural international virtual conference on Sustainable Development in Africa, hosted by the University of Nigeria, Nsukka, in collaboration with the Consortium for Sustainable Development in Africa.”
“Speaking directly to students – the next generation of Nigerian leaders – was a powerful reminder of what’s at stake. I shared the Central Bank’s vision for sustainable development, grounded in financial inclusion, consumer protection, and long-term economic resilience.*
“We then took our message of reform and opportunity to the global financial community. In collaboration with JP Morgan and the Nigerian Exchange Group, we convened a high-level forum at the Nasdaq MarketSite in New York ahead of the IMF/World Bank Spring Meetings. Our goal was clear: open the books, share the facts, and forge stronger long-term partnerships.”
“I was especially honoured to be joined by Nobel Laureate Professor James Robinson for a wide-ranging fireside chat on the role of credible institutions in building trust and driving prosperity.”
“Professor Robinson, notably, is a Fellow at the Institute of African Studies at the University of Nigeria, Nsukka. I reiterated our firm commitment to transparency and policy consistency – principles that anchor our reform journey.”
“At the heart of these engagements is a clear objective: to reaffirm the CBN’s role as a trusted institution, globally respected, locally grounded, and unwavering in its commitment to excellence.*
“The forum delivered powerful outcomes. Leading voices from across the global financial system went on record to affirm Nigeria’s economic progress and renewed credibility as a compelling investment destination. This growing recognition was further reinforced by Fitch Ratings’ recent upgrade of Nigeria’s outlook.”
“My team and I, alongside the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and his team, carried this momentum into the Spring Meetings in Washington, D.C. We held productive, high-level engagements with development partners, international financial institutions, rating agencies and members of the press, amongst others. We highlighted the tangible outcomes of our reforms: restored macroeconomic stability, a determined fight against inflation, normalization of the FX market, rising external reserves, and growing investor interest. These reforms are demanding, but they are delivering positive results. We are moving Nigeria’s economy from a place of vulnerability toward strength.”
“The road ahead requires discipline, collaboration, and continuity, and that is precisely what we intend to deliver as we work toward a more resilient and prosperous future for Nigeria” he concluded.
