The governor of Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso, has said the bank, under his leadership, was determined to make its impact felt by curtailing inflation.
He said: “At the end of our tenure, we want to look back and see that our policies have positively impacted people’s lives.”
The bank disclosed yesterday that Mr. Cardoso restated the direction of his leadership while playing host to the Impact Investing Community, led by the 14th Emir of Kano and Khalifa of the Tijaniyyah Sufi order of Nigeria and the neighbouring countries, Muhammadu Sanusi II, who was also former governor of the apex bank.
Sanusi, also while expressing concerns about the inflation rate in the country, urged the new leadership at the CBN to work persistently at driving down the rate, which he noted had severely impacted the wealth of individuals.
Speaking further, Mr. Cardoso thanked the Impact Investing Community for visiting the CBN, noting that the community represented an excellent future for Nigeria, with the potential to transform the country’s economy by tapping into the investment opportunities available across the country.
The apex bank boss also vowed to focus mainly on the core mandate of price stability.
While commending the quality of leadership at Impact Investing Community and its effort to create awareness, as well as build partnerships, the CBN boss assured that the bank would collaborate with them in the direction of putting in place frameworks that would encourage investments that would contribute to economic growth.
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.”