The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has called for stronger economic ties between Nigeria, the Middle East, and the Nigerian diaspora community in the region. His remarks came during the inaugural Economic Policy Conference for Emerging Market Economies, organized by the Saudi Arabian Ministry of Finance and the International Monetary Fund (IMF) Regional Office in Riyadh.
Speaking on the theme “Policy Challenges Amid Structural Shifts in the World Economy,” Governor Cardoso highlighted Nigeria’s ongoing economic reforms and the CBN’s unwavering commitment to macroeconomic stability. He emphasized the importance of policy consistency and long-term resilience in fostering sustainable economic growth.
A key focus of his address was the role of digitalization in expanding financial inclusion across Nigeria. He underscored the impact of mobile money services and tech-driven financial solutions in reaching underserved communities, particularly women. “Digitalization is key to Nigeria’s financial inclusion efforts,” Cardoso stated, reaffirming the CBN’s strategy to leverage technology for broader economic participation.
Furthermore, the CBN Governor reaffirmed the bank’s recapitalization mandate, noting that the initiative is strengthening Nigeria’s financial sector and ensuring that banks are well-equipped to withstand future economic shocks.
Despite global economic uncertainties, Cardoso expressed confidence in Nigeria’s policy trajectory. “Nigeria’s tough but necessary policy decisions are paying off,” he concluded.
The AlUla Economic Policy Conference serves as a key platform for policymakers to address economic challenges and opportunities in emerging markets, with Nigeria positioning itself as a strategic player in global economic discussions.
Tags:
#AlUlaCEME2025 #NigeriaEconomy #FinancialInclusion #EconomicReforms #CBNCBN
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