By Anastasia John E.
At the Inaugural Economic Policy Conference for Emerging Market Economies, organised by the Ministry of Finance, Saudi Arabia, and the International Monetary Fund (IMF) Regional Office in Riyadh, CBN Governor, Mr. Olayemi Cardoso emphasised the need for stronger economic ties with the Middle East and the Nigerian Diaspora community in the region.
Speaking on Policy Challenges Amid Structural Shifts in the World Economy, Governor Cardoso highlighted Nigeria’s ongoing economic reforms and the CBN’s commitment to macroeconomic stability. He reinforced the importance of policy consistency and long-term resilience in ensuring sustainable growth for Nigeria’s economy.
Governor Cardoso also accentuated digitalisation as a key driver of financial inclusion in Nigeria. Through mobile money services and tech-driven solutions, the CBN aims to expand financial access to underserved communities, particularly women. “Digitalisation is key to Nigeria’s financial inclusion efforts,” he stated.
Additionally, the Governor reaffirmed the CBN’s recapitalisation mandate, stressing that it is strengthening Nigeria’s financial sector and ensuring that banks are well-positioned to handle future economic shocks.
“Nigeria’s tough but necessary policy decisions are paying off,” he concluded.
