The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that under his leadership, the Bank will focus mainly on the core mandate of price stability.
He disclosed this while playing host to the Impact Investing Community, led by the 14th Emir of Kano and Khalifa of the Tijaniyyah Sufi order of Nigeria and the neighboring countries, Muhammadu Sanusi II, who is also a former Governor of the Central Bank of Nigeria.
Addressing the team in his office, Mr. Cardoso said he and his team are determined to change the narrative about the Bank and make the Bank more impactful in the lives of Nigerians by curtailing inflation.
He said, “At the end of our tenure, we want to look back and see that our policies have positively impacted people’s lives.”
Speaking further, Mr. Cardoso thanked the Impact Investing Community for visiting the CBN, noting that the community represented an excellent future for Nigeria and has the potential to transform the country’s economy by tapping into the investment opportunities available across the country and the world.
While commending the quality of leadership at the Impact Investing Community and its effort to create awareness as well as build partnerships, the CBN Governor assured them that the Bank would collaborate with them in the direction of putting in place frameworks that will encourage investments that will positively influence the lives of Nigerians and contribute to economic growth.
In his remarks, Khalifa Sanusi expressed happiness at visiting the new CBN Governor, and noted that the Bank’s activities had a massive impact on the lives of Nigerians, adding that many people often “do not know the impact of a Central Bank’s works until a Central Bank fails.”
While expressing concerns about the inflation rate, he urged the new leadership at the CBN to work persistently at driving down the rate, which he noted had severely impacted the wealth of individuals.
He also acknowledged the importance of long-term planning by the CBN in achieving its goals, just as he emphasized the need for the fiscal authorities to focus on agriculture and education, especially for the girl-child.
