The Bank Will  Focus On Price Stability- Governor CBN,Mr Olayemi 

The Bank Will Focus On Price Stability- Governor CBN,Mr Olayemi 

Mr. Olayemi Cardoso the Governor Central Bank of Nigeria , has reiterated that under his leadership, the Bank would focus mainly on the core mandate of price stability.

The bank disclosed yesterday that Mr. Cardoso restated the direction of his leadership, while playing host to the Impact Investing Community, led by the 14th Emir of Kano and  Khalifa of the Tijaniyyah Sufi order of Nigeria and the neighbouring countries, Muhammadu Sanusi II, himself a former Governor of the CBN.

He said, “At the end of our tenure, we want to look back and see that our policies have positively impacted people’s lives.”

Speaking further, Mr. Cardoso thanked the Impact Investing Community for visiting the CBN, noting that the community represented an excellent future for Nigeria, with the potential to transform the country’s economy by tapping into the investment opportunities available across the country.

While commending the quality of leadership at Impact Investing Community and its effort to create awareness, as well as, build partnerships, the CBN boss assured that the Bank would collaborate with them in the direction of putting in place frameworks that would encourage investments that would contribute to economic growth.

In his remarks, Khalifa Sanusi noted that the Bank’s activities had a massive impact on the lives of Nigerians, adding that many people often “do not know the impact of a Central Bank’s works until a Central Bank fails.”

While expressing concerns about the inflation rate, he urged the new leadership at the CBN to work persistently at driving down the rate, which he noted had severely impacted the wealth of individuals.

He also acknowledged the importance of long-term planning by the CBN in achieving its goals, just as he emphasised the need for the fiscal authorities to focus on agriculture and education, especially for the girl-child.