Mr. Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has emphasized the bank’s commitment to reducing inflation and making a positive impact during his leadership. He stated, “By the end of our term, we aim to reflect on our policies’ positive effects on people’s lives.”
During a meeting with the Impact Investing Community, led by Muhammadu Sanusi II, the 14th Emir of Kano and former CBN governor, Mr. Cardoso reiterated his leadership’s direction. Sanusi expressed concerns about the high inflation rate in the country and urged the new CBN leadership to consistently work on lowering it, as it had negatively affected people’s wealth.
Mr. Cardoso thanked the Impact Investing Community for their visit and recognized its potential to transform Nigeria’s economy by harnessing investment opportunities across the country. He also pledged to focus on the CBN’s primary goal of maintaining price stability.
Khalifa Sanusi highlighted the significant impact of the CBN’s actions on Nigerians’ lives and stressed the importance of long-term planning. He urged fiscal authorities to prioritize agriculture and education, especially for girls. He pledged continued support, along with the Impact Investing Community, for the CBN’s objectives.
Mrs. Ibukun Awosika, Chair of Impact Investing, expressed their willingness to support the CBN and the federal government in improving Nigeria’s investment climate and redirecting resources for maximum positive impact. She pointed out the availability of over $200 trillion in global investment funds, with $1 trillion dedicated to impact investing, which operates in over 41 countries.
Dr. Bala Bello, the deputy governor in charge of Corporate Services, emphasized the significance of investment and the global shift toward social investment. He thanked the team for their support and stressed the importance of collaboration and effective communication to overcome the country’s current challenges.