Abuja, March 25, 2025 – Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), says the apex bank is making progress in stabilising the country’s foreign exchange market and tackling inflation.
The governor said this while receiving a delegation of scholars from the Harvard Kennedy School at the CBN headquarters in Abuja.
The visit was part of the scholars’ Africa Trek, which also included stops in Ghana
A statement by the CBN on Tuesday, said Cardoso said Nigeria’s economy had faced recent challenges, but the key economic indicators were already suggesting improvements.
Cardoso cited recent visits by executives from JP Morgan, Citibank and the International Monetary Fund as signs of renewed investor confidence in Nigeria’s economy.
“These are individuals who base their decisions on data and trends, not sentiment. Their interest reaffirms that we are on the right path,” he said.
Adaora Ndukwe, the President of the Harvard Kennedy School Alumni Association of Nigeria, and the HKS Nigeria Trek Delegation Lead, Ms Sheffy Kolade, thanked the CBN for hosting the students.
They commended the bank’s willingness to engage with future policymakers and provide them with first-hand insights into Nigeria’s economic landscape.
