The Central Bank of Nigeria (CBN) don talk say the reform wey dem dey run for the past two years don dey bring small stability for the economy, but dem insist say fiscal and monetary people must work together well-well to fit maintain the progress.
CBN Deputy Governor for Corporate Services, Ms. Emem Usoro, yarn this one for the 2025 Seminar for Finance Correspondents and Business Editors wey happen for Abuja. She talk say the coordinated policies wey government don use since Cardoso and him team enter office don begin show beta results.
She remind people say when Cardoso-led management take over, Nigeria economy no too dey smile — inflation dey fly, naira dey shake anyhow, foreign reserves don drop, and CBN get plenty forex obligations wey dey disturb financial stability.
Usoro say CBN respond with “well-sequenced, compliance-driven measures,” like tight monetary policy, stronger corporate governance, and the ongoing bank recapitalisation. All these, she talk, match the federal government reform plan.
According to her, the results don dey show: inflation don reduce to 16.05%, exchange rate don calm under ₦1,500/$, and foreign reserves don climb pass $46 billion — enough to cover imports for more than 10 months.
She add say as inflation dey cool down, lending rates don begin drop small, while better discipline for the forex market dey boost investor confidence.
But she warn say work still dey to strengthen macroeconomic stability and improve Nigerians’ living condition. She talk say fiscal and monetary authorities must join body, especially as digital finance and technology dey reshape banking.
Usoro also hail media people, talk say better communication dey help Nigerians understand the reforms well. She commend the CBN Corporate Communications Department for the seminar and urge participants to bring better ideas wey go help align government policies.
