By Muhammad Mamman
President Bola Tinubu has commended the Central Bank of Nigeria (CBN) for what he described as significant gains recorded since the implementation of sweeping monetary reforms, saying the policies have begun to yield positive results and earned international recognition.
Speaking during a public engagement on economic reforms, Tinubu praised the leadership of the apex bank, expressing appreciation to CBN Governor Olayemi Cardoso for steering the country’s monetary direction amid ongoing economic challenges.
“The monetary policy that we have embarked on since the reforms has yielded positive results and been recognised around the world. Thank you, Mr Governor of CBN,” the president said.
Tinubu’s remarks come as Nigeria continues efforts to stabilise its economy following currency liberalisation, tighter monetary controls and measures aimed at restoring investor confidence. Since assuming office, his administration has prioritised fiscal discipline and market-driven policies, including reforms in the foreign exchange system and banking sector.
The Central Bank has implemented aggressive interest rate hikes and liquidity management tools to rein in inflation and support the naira, while also pushing transparency reforms in the financial system.
Government officials say the measures are beginning to improve capital inflows and rebuild confidence among foreign investors, although many Nigerians continue to grapple with rising living costs.
Economic analysts note that while early indicators point to renewed international interest, sustained stability will depend on consistent policy implementation and broader structural reforms across key sectors of the economy.
