Tinubu's Appointee Credits Presidency for Taming Inflation and Stabilizing Foreign Exchange Market

Olayemi Cardoso, a key figure under President Tinubu, highlighted the successful efforts in taming inflation and stabilizing the foreign exchange market in Nigeria. Speaking at the 60th annual Banker's Dinner in Lagos, Cardoso credited the recent economic improvements to the government's policies.

The Central Bank of Nigeria (CBN) has implemented orthodox monetary policies and regulatory discipline to correct long-standing economic distortions, resulting in a significant drop in inflation rates and a more stable foreign exchange market. Cardoso emphasized the importance of continued discipline, transparency, and forward guidance to support a stable and inclusive financial system.