Cardoso assures youths CBN will sustain economic stability, transparency

By Babajide Komolafe, Economy Editor

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured Nigerian youths that the apex slope volition stay committed to sustaining economical stableness and transparency arsenic portion of efforts to rebuild spot successful the nation’s fiscal system.

Speaking astatine the inaugural CBN Governor’s Lecture held astatine Lagos Business School, Mr Cardoso described credibility arsenic the “most invaluable currency” successful cardinal banking. He recalled that upon assuming bureau successful 2023, the CBN faced a backlog of implicit $7 cardinal successful verified overseas speech obligations. Despite the difficulty, the slope cleared the indebtedness aft a forensic audit.

“We could not spend to disregard commitments. If we expect investors to spot america and enactment our economy, we indispensable support our promises,” helium said.

Cardoso besides pointed to caller transparency measures specified arsenic publishing audited outer reserves, releasing the bank’s fiscal statements, and holding unrecorded post-MPC briefings.

According to him, these steps person restored capitalist assurance and strengthened marketplace stability.

He urged young Nigerians to clasp integrity, innovation, and courageousness successful leadership, stressing that their procreation volition find the country’s economical future.

“For america astatine the Central Bank, credibility is everything,” Cardoso declared.

The station Cardoso assures youths CBN volition prolong economical stability, transparency appeared archetypal connected Vanguard News.