By Ed Malik, A | ed@ddnewsonline.com | posted 8th September, 2025

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has restated the apex bank’s resolve to entrench macroeconomic stability, strengthen the banking sector, and position Nigeria as a leading investment destination.

Subscribe To The Best Team In Conservative, Business, Technology, Lifestyle And Digital News Realtime! support@ddnewsonline.com

Speaking during a fireside chat moderated by Mr. Andreas Voss, Chief Country Representative of Deutsche Bank Nigeria, at the European Business Chamber (Eurocham Nigeria) C-Level Forum in Lagos on Saturday, September 6, 2025, Cardoso disclosed that the ongoing recapitalizations of banks is “making good progress” and will deliver stronger, shock-resistant financial institutions capable of financing sustained economic growth.

He highlighted that renewed investor confidence has been spurred by recent CBN reforms and the relative stabilization of the naira, a development acknowledged by members of the European Union Chambers.

Cardoso noted that while headline inflation remains elevated, it is on a downward trajectory due to coordinated policy measures. He added that the benefits of the Bank’s tight monetary stance are expected to endure, further consolidating economic stability.

“We will protect the stability that has been re-established in the financial system with the utmost zeal,” he stated. “Our primary objective is to maintain that stability while simultaneously addressing inflation and ensuring that the financial system is sufficiently resilient to facilitate corporate lending and investment.”

Subscribe To The Best Team In Conservative, Business, Technology, Lifestyle And Digital News Realtime! support@ddnewsonline.com

When asked about the impact of high lending rates in Nigeria on investment, the Governor acknowledged the concern but linked it to his previous statement regarding inflation and stability.

He stated that there is a substantial potential for interest rates to decrease in the future as inflation continues to decline and as markets become more efficient in allocating capital. “That is the environment in which stronger corporate lending and higher levels of investment will naturally follow,” he continued.

Cardoso observed that the CBN’s recapitalization directive, which mandates that banks increase their minimum capital, is specifically intended to fortify the financial system and guarantee that it is capable of supporting a wider range of economic activities.

He also emphasized the importance of technology-driven solutions in order to deepen access and address poverty, as well as efforts to expand financial inclusion and fortify the fintech ecosystem.

It is crucial to note that he identified a positive development in the form of increased collaboration with the fiscal sector, which includes the Ministry of Finance, the Ministry of Trade and Industry, and the Budget Office. This collaboration will enable the country to maintain reforms and achieve long-term stability.

Regarding Nigeria’s position in the global economy, he stated, “The urgency of addressing our own affairs is underscored by the ongoing geopolitical changes.” Nigeria is a market that is both large and appealing in its own right, and it is also situated at the entrance to the broader continent and West Africa. This underscores the importance of maintaining stability at home.

Subscribe To The Best Team In Conservative, Business, Technology, Lifestyle And Digital News Realtime! support@ddnewsonline.com

In his introductory remarks, Eurocham President Yann Gilbert characterized the chamber as a conduit that links European businesses with Nigerian policymakers. He stated, “Our members are profoundly dedicated to this nation.” “We aspire to establish enduring partnerships, generate employment opportunities, and invest.” The purpose of this forum is to foster engagement, dialogue, and solutions that enhance confidence and unleash opportunities between Nigeria and Europe.

93 thoughts on “CBN Governor Cardoso Reaffirms Commitment to Macroeconomic Stability, Fortifying Banking Sector”
  1. I think that is one of the so much vital info for me. And i am glad reading your article. However want to commentary on some basic things, The web site taste is perfect, the articles is actually nice : D. Good task, cheers

Leave a Reply

Your email address will not be published. Required fields are marked *