Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has emphasised the bank would focus mainly on price stability during his leadership.
Gatekeepers News reports that Cardoso reiterated this stance during a meeting with the Impact Investing Community, led by Muhammadu Sanusi II, the 14th Emir of Kano and Khalifa of the Tijaniyyah Sufi order.
Mr. Cardoso expressed the CBN’s commitment to curbing inflation and ensuring that its policies positively impact people’s lives. He said, “At the end of our tenure, we want to look back and see that our policies have positively impacted people’s lives.”
He also expressed gratitude to the Impact Investing Community and recognized their potential to transform Nigeria’s economy by tapping into investment opportunities across the country. Mr. Cardoso assured collaboration with the community to encourage investments that contribute to economic growth.
In his remarks, Khalifa Sanusi 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.”
Khalifa Sanusi stressed the need to address the inflation rate, which has affected individuals’ wealth. He urged the CBN to work persistently to reduce inflation. He also emphasized the importance of long-term planning and the role of fiscal authorities in areas like agriculture and education, especially for the girl-child.
Khalifa Sanusi pledged his continued support, along with the Impact Investing Community, to the CBN in achieving its goals.
Ibukun Awosika, Chair of Impact Investing, expressed their willingness to support the CBN and the federal government in changing Nigeria’s investment climate and redirecting resources for a positive impact.
Dr. Bala Bello, the Deputy Governor in charge of Corporate Services, emphasized the importance of investment and the global shift towards social investment. He expressed gratitude for the community’s support and stressed the significance of collaboration and effective communication in addressing current challenges in the country.
