Cardoso reaffirms CBN’s commitment to monetary reforms

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The Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Friday, engaged in a thought-provoking conversation with Nobel Prize-winning economist, Dr. James Robinson, the Reverend Richard L. Pearson Professor at the University of Chicago and Director of the Pearson Institute for the Study and Resolution of Global Conflicts in the United States.

According to a statement on the apex bank’s official X handle on Saturday, the high-level discussion spotlighted Nigeria’s monetary policy direction.

Cardoso reaffirmed the CBN’s steadfast commitment to transparency, consistency, and restoring public confidence through orthodox monetary policy reforms.

“We inherited a crisis of confidence, but we chose a different path. We’re not turning back,” Cardoso declared during the conversation, drawing applause from an audience of economic stakeholders, policymakers, and financial experts.

The statement added, “The event was opened by Tal Cohen, President of Nasdaq, and featured a strong representation of Nigerian professionals and global financial leaders.

“It was anchored by CBN’s Adviser on Stakeholder Engagement, Dr. Nkiru Balonwu, while the Question and Answer session was moderated by the Group CEO of the Nigerian Exchange Group, Temi Popoola.

“The Director of the CBN’s Banking Supervision Department, Dr. Olubukola Akinniyi Akinwunmi, provided closing remarks.”

The fireside chat also emphasised the CBN’s global reach and strategic collaboration with the Nigerian diaspora, as members of the CBN Board and Monetary Policy Committee — Mr. Robert Agbede, Prof. Melvin Ayogu, and Dr. Aloysius Ordu — were in attendance.

Their presence underscored the apex bank’s growing engagement with Nigerian professionals abroad and its commitment to leveraging homegrown talent to drive economic transformation.