CBN Governor, Olayemi Cardoso
Ahead of the International Monetary Fund (IMF) and World Bank Group (WBG) Spring meetings commencing Monday, April 21, 2025, the Central Bank of Nigeria (CBN) has partnered with J.P. Morgan, the Nigerian Exchange Group (NGX), and Africa Private Capital Association (AVCA) to host a high-profile global forum at Nasdaq MarketSite in New York, the United States.
The event is scheduled for Thursday, April 17.
The forum, titled “The Nigeria Investment Agenda: Pathways for Growth & Global Partnerships,” convened global investors, diaspora leaders, and senior financial stakeholders to examine Nigeria’s macroeconomic prospects and ongoing reform progress.
Speaking on the event, CBN Governor Olayemi Cardoso outlined his comprehensive reform strategy encompassing monetary tightening, foreign exchange market transparency, and enhanced financial governance.
Cardoso emphasised that these initiatives are establishing the foundation for sustainable macroeconomic stability and heralding a new era of transparency and confidence.
The CBN Governor Cardoso reaffirmed the apex bank’s commitment to rebuilding credibility through orthodox monetary policy, transparency, and consistency.
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“We inherited a crisis of confidence but chose a different path. We’re not turning back,” he said in a statement issued by the CBN on Sunday, April 20.
In a chat between Cardozo and Nobel Prize-winning economist Dr. James Robinson, Reverend Richard L. Pearson Professor at the University of Chicago, the CBN Governor elaborated on his vision to reestablish the apex bank as a credible, trusted institution – rooted in domestic excellence and respected internationally.
The Deputy Governor for Economic Policy at the CBN, Muhammad Abdullahi, delivered a macroeconomic update highlighting sharp increases in foreign exchange turnover, emerging signs of disinflation, and strengthening external reserves.
“With a market-determined exchange rate and a transparent, rules-based policy framework, confidence is gradually being restored in Nigeria’s economy,” he noted.
Welcoming participants to the forum, the Adviser to the CBN Governor on Stakeholder Engagement and Strategic Communication, Dr. Nkiru Balonwu, described the event as a key moment in the apex bank’s broader engagement strategy.
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