Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, said Nigeria’s ongoing monetary and financial sector reforms were strengthening the economy’s resilience to external shocks while reinforcing investor confidence, as policy discipline and structural adjustments yielded measurable stability gains.
That was as international investors continued to express support for ongoing reforms in the Nigerian financial sector, maintaining that the objectives remain a credible adventure.
Cardoso spoke at the Africa Capital Forum, with the theme, “From Stabilisation to Capital Mobilisation,” which was jointly hosted by CBN and UK Foreign, Commonwealth and Development Office (FCDO), at The Peninsula, London.
The event was hosted on the side-lines of President Bola Tinubu’s State Visit to the UK.
The CBN governor disclosed that foreign investors accounted for about 28 per cent of total inflows into the ongoing banking sector recapitalisation programme, underscoring renewed global confidence in Nigeria’s financial system.
He told investors and development partners that the central bank had “created stronger capacity to withstand shocks,” through disciplined policy and institutional reforms.