CBN Calls for Financial Support to Boost Nigeria's Economy

During the 21st Abuja International Trade Fair, the Central Bank of Nigeria (CBN) called on financial institutions to provide credit to productive sectors to stimulate economic growth. Mrs. Hakama Sidi Ali, the Director of Stakeholder Engagement and Institutional Relations at the CBN, stated that building resilience requires collective action and that policymakers must pursue reforms to improve the business environment.

She emphasized the need for businesses to embrace innovation and improve governance while tax authorities should promote transparency in tax administration. Mrs. Sidi Ali highlighted the CBN's commitment to fostering a resilient economy through innovation, productive enterprises, and sound taxation systems.

Under the leadership of Mr. Olayemi Cardoso, the CBN has implemented several reforms aimed at enhancing macroeconomic stability and investor confidence, including the unification of Nigeria's foreign exchange market and the Payments System Vision 2028. These efforts contributed to the CBN receiving the global Central Bank of the Year 2026 Award.