InfoStride News reported that the Central Bank of Nigeria (CBN) has reiterated its dedication to achieving monetary and price stability within the Nigerian economy. Governor Olayemi Cardoso, in his keynote address at the 58th Annual Bankers Dinner in Lagos, emphasized that the bank’s policies aim to establish a more stable exchange rate, control inflation, and foster a conducive environment for both businesses and individuals.
According to Cardoso, the commitment to achieving monetary and price stability goes beyond being a technical objective; it directly impacts the well-being of the citizens. He stated, “Through targeted policies, transparent market operations, and coordination between monetary and fiscal authorities, we can ensure a more stable exchange rate, control inflation, and create an enabling environment for businesses and individuals to thrive.”
Noteworthy points from Olayemi Cardoso’s first policy speech as the Governor of the Central Bank of Nigeria include the commitment to achieving monetary and price stability, the adoption of an inflation targeting framework, and the repositioning of the CBN as a catalyst for economic stability and growth. These initiatives have been at the forefront of the governor’s agenda since assuming office in September.

The 58th Annual Bankers Dinner, hosted at Eko Hotels Lagos on Friday, November 24, served as the grand finale of the Chartered Institute of Bankers of Nigeria’s 60th Anniversary, celebrating six decades of commitment to professionalism, integrity, and innovation in the banking and finance industry.
Governor Cardoso also articulated his vision for addressing institutional deficiencies and restoring corporate governance within the financial sector of the country. He underscored the significance of good corporate governance in reinforcing financial stability and supporting economic growth. Cardoso stated, “Under my leadership, the Central Bank of Nigeria will tackle institutional deficiencies, restore corporate governance, strengthen regulations, and implement prudent policies.”
Assuring investors and the business community, Cardoso concluded, “We assure investors and the business community that the economy will experience significant stability in the short-to-medium term as we recalibrate our policy toolkits and implement far-reaching measures.” This commitment aligns with the broader mandate of the CBN to promote sustainable and inclusive economic growth for Nigeria and its citizens.
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