Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has once again reaffirmed the commitment of the apex regulatory bank to disciplined and transparent approach to monetary policy reforms.
In a frank exchange of ideas renowned economist and Nobel laureate, Dr. James Robinson, at a policy forum focused on Nigeria’s monetary direction and global financial integration, Cardoso admitted again that they met a crisis of confidence situation at the bank, hence they opted to adopt a different approach to remedy the situation.
Robinson, the Reverend Richard L. Pearson Professor at the University of Chicago and Director of the Pearson Institute for the Study and Resolution of Global Conflicts, joined Cardoso in a chat that examined the future of economic reforms in Nigeria.
According to a statement releasws by CBN through its offocial X handle on Saturday the discussion brought together top policymakers and financial experts.
“We inherited a crisis of confidence, but we chose a different path. We’re not turning back,” Cardoso said, drawing nods from participants, including global finance leaders and members of the Nigerian diaspora.
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The session opened with remarks by Nasdaq President Tal Cohen and featured contributions from a cross-section of Nigerian professionals and international economic stakeholders.
CBN’s Adviser on Stakeholder Engagement, Dr. Nkiru Balonwu,
served as the session anchor, while the Q&A was moderated by Temi Popoola, Group CEO of the Nigerian Exchange Group.
Also in attendance were CBN board and Monetary Policy Committee members — Mr. Robert Agbede, Prof. Melvin Ayogu, and Dr. Aloysius Ordu — whose presence underscored the bank’s intent to tap into the expertise of Nigerians abroad.
The central theme of the conversation was Nigeria’s ongoing monetary reforms and the CBN’s effort to re-establish trust through what Cardoso described as “orthodox policy choices” aimed at long-term economic stability.
