The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has reiterated that his management would focus primarily on the core mandate of price stability.
According to a press release from the CBN, Mr Cardoso disclosed this just lately, whereas enjoying host to the Impact Investing Community.
The Impact Investing Community was led by the 14th Emir of Kano, Muhammadu Sanusi II, who’s a former Governor of the CBN.
Mr Cardoso stated that he and his workforce have been decided to alter the narrative concerning the CBN, and make it extra impactful within the lives of Nigerians by curbing inflation.
According to him, on the finish of our tenure, we need to look again and see that our insurance policies have positively impacted individuals’s lives.
He stated that the group represented a wonderful future for Nigeria and has the potential to remodel the nation’s financial system.
Mr Cardoso assured the guests that the apex financial institution would collaborate with them within the path of setting up frameworks that will encourage investments.
In his remarks, Mr Sanusi stated that the CBN’s actions had a large affect on the lives of Nigerians.
According to him, many individuals typically have no idea the affect of a Central Bank’s works till a Central Bank fails.
He urged the brand new management on the CBN to work persistently at driving down inflation charge, which he stated had severely impacted the wealth of people.
