The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the apex bank’s commitment to tackling inflation and stabilizing the nation’s economy. Speaking at the Monetary Policy Forum 2025 in Abuja, Cardoso emphasized the CBN’s goal of maintaining a forward-looking, adaptive, and resilient monetary policy.
To achieve this objective, the CBN is continuing its disciplined approach to monetary policy, focusing on strengthening the banking sector to ensure resilience. This strategic move aims to position Nigeria’s banking industry for a $1 trillion economy.
Cardoso’s stance on monetary policy is consistent with his previous statements, where he outlined the CBN’s monetary policy thrust and economic outlook for 2024. The CBN has also taken steps to reform the nation’s banking sector, addressing economic challenges and implementing regulatory measures to restore stability in the financial sector.
In a bid to combat rising inflation, the CBN recently raised the Monetary Policy Rate (MPR) to 26.25%.³ This decision demonstrates the apex bank’s commitment to maintaining economic stability and promoting sustainable growth.
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