In a discussion with Hélène Rey at the London Business School on October 10, 2025, Governor Olayemi Cardoso reaffirmed the Central Bank of Nigeria’s dedication to orthodox monetary policies targeting single-digit inflation over the medium term. Highlighting key reforms under his leadership, Cardoso emphasized increased transparency in the foreign exchange market, bank recapitalisation, and the incorporation of Artificial Intelligence and digitisation into monetary operations.
He underscored the critical role of stronger capital buffers for banks and close coordination between monetary and fiscal authorities to sustain economic stability. “We are headed in the right direction. The stage is set for an accelerated growth trajectory in Nigeria,” Cardoso affirmed.
