Would you like to receive notifications on latest updates of the following headlines?

Cbn Governor Promises Good Life For Nigerians

POSTED ON February 9, 2024 •   Business      BY Oluwakemi Ademuyiwa

The governor of the Central Bank of Nigeria, Yemi Cardoso has promised a good and comfortable life for Nigerians amidst its current economic setbacks.

Cardoso made the promise in a meeting on Friday with the Senate committee, reassuring them amidst the ongoing economic difficulties, expressing optimism that the nation will soon overcome its current hardships.

He emphasized the need for collective action to restore Nigeria's economic stability, acknowledging the challenges ahead. "It is a collaborative endeavor. There may be challenges along the way, but we are committed to restoring Nigeria to its former prosperity," stated the CBN governor.

He conveyed these sentiments during a meeting held with the Senate and President Bola Ahmed Tinubu's economic team, addressing concerns regarding the nation’s struggling economy, widespread hunger, and the depreciation of the Naira.

Following an invitation from the Senate, the entire economic team under President Tinubu was summoned to appear, with key figures such as Minister of Finance Olawale Edun, Minister of State for Budget and Economic Planning Atiku Bagudu, CBN Governor Cardoso, Chairman of the Federal Inland Revenue Service (FIRS) Zacch Adedeji, and Comptroller General of the Nigeria Customs Service (NCS) Bashir Adewale Adeniyi in attendance.

The chairman of the Senate Committee on Banks, Insurance, and Other Financial Institutions, Senator Adetokunbo Abiru explained that last week’s scheduled meeting with the CBN Governor had to be postponed due to Cardoso’s prior commitments at the House of Representatives.

The meeting could be said to be productive but more information to come on its proceedings.

READ ALSO
IMF urges Nigeria to exercise fiscal caution amid economic reforms
BY Abiodun Saheed Omodara April 24, 2025 0

The International Monetary Fund (IMF) has called on Nigeria to exercise caution in its expenditures...

READ ALSO
FG urges IMF, World Bank to bolster economic reforms in sub-saharan Africa
BY Abiodun Saheed Omodara April 24, 2025 0

Finance Minister Wale Edun has emphasized the need for increased global assistance to reform economi...

READ ALSO
Nigeria's Economic Reforms Boost Sovereign Credit Profile - IMF
BY Abiodun Saheed Omodara April 23, 2025 0

The Assistant Director for Global Markets at the International Monetary Fund (IMF), Jason Wu,  ...

READ ALSO
Trade Wars Take Center Stage at IM ,World Bank Spring Meetings
BY Abiodun Saheed Omodara April 22, 2025 0

Global finance leaders are convening in Washington this week for the semi-annual meetings of the Int...

READ ALSO
Kano secures $10bn investment for renewable energy, minerals in partnership with Morocco
BY Abiodun Saheed Omodara April 21, 2025 0

KANO, Nigeria (NAN) - The government of Kano state has announced that it will secure more than $10 b...

READ ALSO
RMAFC, ALGON collaborate to strengthen LG financial autonomy
BY Abiodun Saheed Omodara April 18, 2025 0

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bell...

READ ALSO
LCCI, NIXIN call for government support to revitalize Nigeria's paper manufacturing industry
BY Abiodun Saheed Omodara April 18, 2025 0

The Lagos Chamber of Commerce and Industry (LCCI), in collaboration with NIXIN Paper Mill Nigeria Li...

READ ALSO
Cross River to rejuvenate rubber estates after out-of-court settlement with Enghaut industries
BY Abiodun Saheed Omodara April 18, 2025 0

CROSS RIVERS, Nigeria - The Cross River State Government, along with Enghaut Industries, has reached...

OUR CHANNELS:

Cyclist dies after collision with truck in Lagos
BY Abiodun Saheed Omodara April 27, 2025 0

LAGOS, Nigeria - The Lagos State Traffic Management Authority (LASTMA) announced on Sunday that a cy...


Nigeria accounts for 31% global malaria deaths
BY Abiodun Saheed Omodara April 27, 2025 0

Nigeria is responsible for 31 percent of global malaria fatalities and 27 percent of global cases, a...


Kaduna government to Negotiate with ASUU over KASU strike
BY Abiodun Saheed Omodara April 28, 2025 0

KADUNA, Nigeria - The Kaduna State Government has decided to engage with the Academic Staff Union of...


Oyebanji, Ooni Urge traditional rulers to support investment for state development
BY Abiodun Saheed Omodara April 27, 2025 0

EKITI, Nigeria - Governor of Ekiti State, Biodun Oyebanji, alongside the Ooni of Ife, Oba Adeyeye En...


Police arrest 16-year-old with locally made firearm in Lagos
BY Abiodun Saheed Omodara April 27, 2025 0

LAGOS, Nigeria - The Lagos State Police Command has taken into custody a 16-year-old boy found with...


Lagos  taskforce launches major clean-up operation, Arrests 52 at mid hour
BY Abiodun Saheed Omodara April 28, 2025 0

LAGOS, Nigeria - The Lagos State Environmental and Special Offences (Enforcement) Unit conducted a r...


JAMB clarifies examination center allocation process amidst misinformation
BY Abiodun Saheed Omodara April 27, 2025 0

The Joint Admissions and Matriculation Board (JAMB) is offering a substantial financial incentive to...


NDLEA seizes ₦1bn worth of cannabis, Arrest three suspects
BY Abiodun Saheed Omodara April 27, 2025 0

LAGOS, Nigeria - The National Drug Law Enforcement Agency (NDLEA) has detained three alleged busines...


Family seeks Justice following Police arrest and disappearance
BY Abiodun Saheed Omodara April 27, 2025 0

The family of Osas Azenabor, who was allegedly arrested by police on November 1, 2024, in the Mile 1...


Local groups seek FG backing to fight insecurity in Nigeria
BY Abiodun Saheed Omodara April 27, 2025 0

In the face of increasing insecurity nationwide, hunters and farmers are urging the Federal Governme...


More Articles

Load more...

Menu