Central Bank of Nigeria is committed to achieving monetary and price stability

The Central Bank of Nigeria (CBN) has reaffirmed its commitment to achieving monetary and price stability in the Nigerian economy.

In his keynote address at the 58th Annual Bankers Dinner in Lagos, the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, emphasized that the bank’s policies are geared towards ensuring a more stable exchange rate, controlling inflation, and creating an enabling environment for businesses and individuals to thrive.

Commitment to achieving monetary and price stability, adoption of an inflation targeting framework and repositioning the CBN as a catalyst for economic stability and growth are some of the major highlights of Olayemi Cardoso’s first policy speech, since becoming Governor of the Central Bank of Nigeria in September.

The 58th Annual Bankers Dinner, which was held on Friday, November 24 at the Eko Hotels Lagos, also marked the grand finale of the Chartered Institute of Bankers of Nigeria’s 60th Anniversary, underscoring six decades of commitment to professionalism, integrity, and innovation in the banking and finance industry.

About his vision for tackling institutional deficiencies and restoring corporate governance within the country’s financial sector.

Cardoso highlighted the importance of good corporate governance in underpinning financial stability and supporting economic growth.

Cardoso’s commitment reflects the CBN’s wider mandate of promoting sustainable and inclusive economic growth for Nigeria and Nigerians.