Olayemi Cardoso, the Central Bank of Nigeria (CBN) Chief, has affirmed the bank’s commitment to focusing on its core mandate under his leadership. This assertion came during a meeting with the Impact Investing Community, led by the 14th Emir of Kano and Khalifa of the Tijaniyyah Sufi Order of Nigeria and neighboring countries, Muhammadu Sanusi II, who also previously served as a CBN Governor.
Cardoso emphasized his determination, along with his team, to transform the CBN’s role and make it more impactful in the lives of Nigerians by addressing key issues, notably inflation. He stated, “At the end of our tenure, we want to look back and see that our policies have positively impacted people’s lives.”
The CBN Chief extended his gratitude to the Impact Investing Community for their visit, recognizing their potential as an influential force for Nigeria’s future. He believes that this community can significantly contribute to the nation’s economic growth by capitalizing on investment opportunities. He lauded their leadership quality, awareness-building efforts, and partnership development.
Cardoso also assured the CBN’s commitment to collaborate with the Impact Investing Community in fostering investments that stimulate economic growth.
In response, Muhammadu Sanusi II expressed his delight at visiting the newly appointed CBN Governor. He raised concerns regarding the issue of inflation and stressed the importance of addressing and mitigating its effects on individual wealth. Sanusi urged the new CBN leadership to take steps to reduce inflation, which has been negatively impacting people’s financial well-being.
Sanusi underscored the importance of the CBN’s long-term planning and suggested that fiscal authorities should place emphasis on key sectors, specifically agriculture and education, with a special focus on the girl-child. He pledged his support, alongside the Impact Investing Community, to assist the CBN in achieving its objectives.
Ibukun Awosika, the Chair of the Impact Investing Community, also voiced their support for the CBN and the Federal Government’s efforts to enhance Nigeria’s investment climate. They are committed to redirecting resources to areas where they can have the most significant impact, thus contributing to positive change in the country’s investment landscape.
