Cardoso: My team determined to change narrative about CBN

By Kadiri Abdulrahman

The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has reiterated that he and his team were determined to change the narrative about the apex and make it more impactful in the lives of Nigerians by curtailing inflation.

Cardoso disclosed this recently, while playing host to the Impact Investing Community led by the 14th Emir of Kano, Muhammadu Sanusi II, who is a former Governor of the CBN.

The new CBN Governor said at the end of his tenure, he want to look back and see that the apex bank’s policies have positively impacted people’s lives.

Cardoso therefore revealed that his leadership would focus mainly on the core mandate of the CBN which is price stability.

The CBN Governor noted that the community led by Sanusi represented an excellent future for Nigeria and has the potential to transform the country’s economy.

He assured the visitors that the apex bank would collaborate with them in the direction of putting in place frameworks that will encourage investments.

In his remarks, Sanusi said that the CBN’s activities had a massive impact on the lives of Nigerians.

According to him, many people often do not know the impact of a Central Bank’s works until a Central Bank fails.

He urged the new leadership at the CBN to work persistently at driving down inflation rate, which he said had severely impacted the wealth of individuals.

Sanusi acknowledged the importance of long-term planning by the CBN in achieving its goals.

He emphasised on the need for the fiscal authorities to focus on agriculture and education, especially for the girl-child.

Sanusi pledged his continued support, along with the Impact Investing Community to the CBN in achieving its goals.

Also speaking, the Chairperson of Impact Investing Community, Mrs Ibukun Awosika, said that the team was at the CBN to register its willingness to support the apex bank.

Awosika said that the organisation would support the authorities in changing Nigeria’s investment climate, by redirecting resources to areas where they will make the most positive impact.

According to her, over 200 trillion dollars is available around the globe as investment funds, with Impact Investing controlling one trillion dollars of that sum.

She further said that Impact Investing, with a presence in over 41 countries, was willing to blend with traditional investment practitioners to make an impact in the country.

Awosika sought the support of the CBN to enable the body to achieve its goal.

Dr Bala Bello, CBN’s Deputy Governor, Corporate Services, underscored the importance of investment, saying that global capital was moving towards social investment.

Bello said that collaboration and effective communication were vital to successfully navigating the current challenges in the country.(NAN)