CBN Hosts Stakeholder Event in Ibadan to Boost Financial System

The Central Bank of Nigeria (CBN) hosted the "CBN Listens Programme" in Ibadan, Oyo State, on Thursday, aiming to strengthen Nigeria's financial ecosystem. The event, themed “Towards a Robust, Resilient and Inclusive Financial System for Sustainable Economic Growth,” included leaders from various sectors, such as the Oyo State Government, traditional rulers, financial institutions, and civil society.

Mrs. Hakama Sidi Ali, Director of the Stakeholder Engagement and Institutional Relations Department, reaffirmed CBN's commitment to transparent dialogue and collaborative governance under CBN Governor Mr. Olayemi Cardoso. She discussed key policy milestones like the unification of foreign exchange rates and the banking sector recapitalisation exercise.

Mrs. Sidi Ali also highlighted recent innovations, including a 75 per cent Cash Reserve Ratio on non-TSA public sector deposits and the Nigerian Overnight Financing Rate. She emphasized the importance of public feedback in shaping monetary policies and assured stakeholders of CBN's dedication to financial inclusion, partnering with various entities to enhance access to financial services across Nigeria.