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The governor of Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso stated that the bank, under his leadership, was determined to have an influence by reducing inflation.
The bank disclosed yesterday that Mr. Cardoso restated his leadership's direction while hosting the Impact Investing Community, which was led by Muhammadu Sanusi II, the 14th Emir of Kano and Khalifa of the Tijaniyyah Sufi order of Nigeria and neighboring countries and a former governor of the apex bank.
While expressing concern over the country's inflation rate, Sanusi asked the CBN's new leadership to strive tirelessly to reduce the rate, which he highlighted had significantly harmed individual wealth.
Mr. Cardoso went on to congratulate the Impact Investing Community for their visit to the CBN, stating that the community represented an excellent future for Nigeria, with the ability to improve the country's economy by tapping into the investment opportunities available across the country.
The governor of the central bank also pledged to prioritise the primary objective of price stability.
While praising Impact Investing Community's leadership and efforts to raise awareness and build partnerships, the CBN president assured them that the bank would work with them to put in place frameworks that would encourage investments that would contribute to economic growth.
He said: “At the end of our tenure, we want to look back and see that our policies have positively impacted people’s lives.”
In his remarks, Khalifa Sanusi noted that the bank’s activities had a massive impact on the lives of Nigerians, adding that many people often “do not know the impact of a Central Bank’s works until a Central Bank fails.”
