At the BusinessDay CEO Forum 2024, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso emphasized the necessity for economic policies to have a positive impact on the average Nigerian. He reaffirmed the CBN’s dedication to implementing strategies aimed at creating a stable and prosperous economic environment for all citizens.
Governor Cardoso highlighted the recent policy decision to exclude retained earnings from recapitalization terms, noting that this move incentivizes banks to seek fresh capital from external sources. He explained that this approach is designed to strengthen the banking sector and support broader economic stability.
In his address, Governor Cardoso also underscored the CBN’s ongoing efforts to control inflation, expressing confidence in the future of the Nigerian economy. His remarks reflect a commitment to ensuring that economic growth and stability benefit every Nigerian, fostering a more inclusive and resilient economy.
Nwosu Anthony
