The Central Bank of Nigeria (CBN) Governor Olayemi Cardoso have revealed plans to adopt inflation targeting monetary policy framework.
CBN Gov, #Cardoso hails #CIBN at 60; commends institute for nurturing talent.
He also went further to give scorecard since assumption; expresses optimism that efforts are yielding positive results.
Says the CBN will be able to effectively manage inflation through continued tightening measures for two quarters.
In his remarks he affirms, “We will tackle institutional deficiencies, restore corporate governance, strengthen regulations, and implement prudent policies” – Cardoso.
Cardoso assures investors and business community of stability in the short-to-medium term.
Cardoso pledges that CBN will strive to clear all unsettled forward foreign exchange obligations.
“We will stand by Nigeria and Nigerians. Our actions will be fully guided by principles of transparency, responsibility, and a deep commitment to Nigeria’s progress” – Cardoso.
At the end, Cardoso hints on bank recapitalization to enhance capital adequacy.