How Nigeria can regain confidence from Int’l markets, foreign investors —Cardoso

Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) has underscored the importance of transparency and trust in regaining confidence from international markets and foreign investors.

He stated that bolstering a resilient financial system was also key to attract foreign investments into the country, even as he highlighted the critical need for policies that directly benefit the lives of ordinary citizens.

Speaking at the 2024 Business Day CEO Forum in Lagos on Thursday, Cardoso emphasized that policymakers must prioritize creating stable and prosperous economic conditions accessible to all citizens.

“Whatever we do must impact the average man on the street,” Cardoso asserted.

He highlighted the importance of transparency and trust in bolstering a resilient financial system and regaining confidence from international markets and foreign investors, as stated in a statement released on Friday.

Read also: Ex-Delta gov, Ibori, once convicted of fraud, faults Supreme Court judgment on LG autonomy

Cardoso outlined the CBN’s collaborative efforts with the Fiscal Authority to ensure transparency and address sector-specific concerns raised by Nigerians in various economic sectors.

Regarding the ongoing bank recapitalization program, Cardoso outlined the CBN’s strategy to encourage banks to seek fresh capital from external sources, stressing the importance of transparency within the banking system.

The forum included presentations and panel discussions on topics such as “Thriving in an Age of Continuous Reinvention” and “Leadership for the Next Century: Global Trends and Insights for Nigeria,” bringing together global leaders to discuss leadership and innovation.

Frank Aigbogun, CEO of BusinessDay Media Limited, highlighted the forum’s mission to tackle economic and developmental challenges, emphasizing the role of leadership and innovation in driving growth.

During a fireside chat, Cardoso addressed questions from Aigbogun, discussing the CBN’s initiatives to curb inflation and enhance economic trust while urging policymakers to enhance the socio-economic environment for ordinary Nigerians.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now