The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reiterated the Bank's resolve to stabilise the economy, strengthen banks, and position Nigeria as an attractive destination for investment.
Speaking at the Eurocham Nigeria C-Level Forum in Lagos, Cardoso said the ongoing recapitalisation exercise is progressing well and will result in stronger banks that can finance growth, withstand shocks, and support small and medium-sized enterprises (SMEs). He noted that reforms and naira stabilisation have already boosted investor confidence.
On high lending rates, the CBN Governor admitted it remains a challenge for businesses but stressed that rates will ease as inflation continues to decline and capital markets improve in efficiency. "That is the environment where stronger corporate lending and higher levels of investment will follow," he said.
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Cardoso also highlighted financial inclusion, fintech expansion, and technology-driven solutions as critical to reducing poverty and deepening access to credit for businesses. He emphasised that collaboration with the fiscal sector will help sustain reforms and long-term stability.
Eurocham President Yann Gilbert described Nigeria as a priority market for European investors, pledging stronger partnerships, job creation, and investments that will boost confidence and expand opportunities for local businesses.
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