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Nigeria’s Central Bank Reaffirms Stability Agenda: Restoring Confidence in a Challenging Economy

  • Writer: Derry Thornalley
    Derry Thornalley
  • Sep 12, 2025
  • 2 min read

In the midst of persistent inflationary pressures, currency volatility, and global uncertainty, Nigeria’s Central Bank Governor Olayemi Cardoso has once again made his stance clear: the CBN’s top priority is financial stability.


It’s a message meant not only for domestic audiences but also for international investors who have been watching Nigeria with caution.


The State of Play

Nigeria’s economy has been under strain. Inflation has hovered at multi-decade highs, the naira has seen repeated devaluations, and borrowing costs remain steep. In this environment, public confidence in monetary policy has been tested.


Governor Cardoso’s latest remarks underline a two-pronged focus:

  1. Macroeconomic stability — anchored in disciplined monetary policy, better coordination with fiscal authorities, and credible inflation control.

  2. Banking sector resilience — ensuring that Nigeria’s financial institutions are strong enough to absorb shocks, continue lending, and serve as engines of recovery.


Why It Matters

Stability is the foundation of growth. Without it, investment slows, businesses hesitate, and households lose confidence. By emphasising stability and strong banks, the CBN is signaling that Nigeria’s financial sector is being positioned as a pillar of recovery rather than a source of risk.


For investors, it’s a message that reforms are ongoing and that Nigeria is committed to restoring credibility. For ordinary Nigerians, it’s about creating the conditions for a more predictable, sustainable economy.


The Bigger Picture

Nigeria’s financial system is one of the most influential on the continent. Its health doesn’t just matter locally—it ripples across West Africa and beyond. If the CBN can deliver stability, it could help unlock broader confidence in Africa’s largest economy, attracting capital back into key industries and supporting long-term development.


Final Thought

Nigeria’s challenges are real, but so is its potential. By prioritising macroeconomic stability and a resilient banking sector, the CBN is taking steps to turn the tide.


The next phase will be about execution—matching words with measurable results. If Nigeria succeeds, stability may well become the story of its recovery.

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