CBN under my tenure inherited a crisis of confidence, says Cardoso to experts
The Governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has expressed that the apex bank under his watch inherited crisis of confidence and remained resolute in fixing Nigeria’s economy by stabilizing the naira and tackle rising inflation.
The CBN in post on X tweets that Cardoso in a fireside chat, spoke with Nobel Prize-winning economist Dr. James Robinson, Reverend Richard L. Pearson Professor at the University of Chicago and Director of the Pearson Institute for the Study and Resolution of Global Conflicts.
Cardoso reaffirmed the CBN’s commitment to restoring credibility through orthodox monetary policy, transparency, and consistency: “We inherited a crisis of confidence, but we chose a different path. We’re not turning back.”
The event was opened by Tal Cohen, President, Nasdaq, and anchored by Dr. Nkiru Balonwu, Adviser on Stakeholder Engagement, CBN. Temi Popoola, Group CEO, NGX, moderated the Q&A, and Dr. Olubukola Akinniyi Akinwunmi, Director, Banking Supervision Dept, CBN, provided the closing remarks.
The CBN Board and Monetary Policy Committee (MPC)were represented by Mr. Robert Agbede, Prof. Melvin Ayogu, and Dr. Aloysius Ordu, all US-based diaspora members, underscoring the Bank’s global engagement and commitment to leveraging Nigerian talent worldwide.
