The Senate don ask the Central Bank of Nigeria (CBN) to come explain well-well why ₦1.44 trillion operating surplus never enter government account as Auditor-General report claim.
This request show the lawmakers want full transparency even as CBN dey tell Nigerians say the country economy don enter the most stable stage wey e never reach in more than ten years.
The Senate Committee on Banking, Insurance and Other Financial Institutions, wey Senator Adetokunbo Abiru (APC, Lagos East) dey lead, talk say public trust for monetary matters depend on the CBN giving clear answer about the surplus matter.
Abiru hail the CBN for stabilising the forex market and reducing inflation this year, but still urge the bank to keep the energy enter 2026.
He talk say the global community don notice Nigeria’s improved ratings from Fitch and S&P, show say investor confidence and macro stability dey rise.
CBN Governor Break Down Nigeria Economy
CBN Governor, Olayemi Cardoso, present detailed review of Nigeria economy, talk say bold monetary reforms, forex liberalisation and strict liquidity management since mid-2025 don begin yield solid results.
Cardoso talk say GDP grow reach 3.98% for third quarter of 2025—better than 3.86% for same period last year—even though e small pass the previous quarter.
He point crop production, ICT, real estate and financial/insurance services as major drivers of the growth.
Inflation, according to am, don fall for seven months straight reach 16.05% for October 2025, down from the 34.6% peak wey happen for November 2024.
Food inflation sef drop from 21.87% for August to 13.12% for October.
“This steady drop dey restore purchasing power for households and businesses,” Cardoso talk. “Our target na single-digit inflation.”
He also reveal say the forex market don balance well as the big difference between official rate and parallel market don shrink reach under 2%—down from over 60% one year ago.
The Senate committee now dey wait for the CBN’s official explanation as the matter dey gather national interest.
