CBN Governor Affirms Commitment to Economic Stability and Stronger Banks

CBN Governor, Olayemi Cardoso, reiterated the Central Bank of Nigeria's commitment to economic stability, stronger banks, and increased investment inflows. Speaking at a forum in Lagos, Cardoso highlighted the ongoing bank recapitalization exercise aimed at creating more resilient institutions capable of supporting economic growth.

He noted the progress made in reducing headline inflation and emphasized the importance of maintaining stability while addressing inflation. Cardoso stressed the need for a strong financial system to support corporate lending and attract investments.

The event was moderated by Andreas Voss of Deutsche Bank Nigeria. The CBN Governor emphasized the importance of a tight monetary policy to safeguard economic stability and encourage investment in Nigeria.