The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to curbing inflation and stabilising the country’s economy.
Speaking at the 2025 Monetary Policy Forum in Abuja, Cardoso emphasised that the CBN aims to keep monetary policy forward-looking, adaptive, and resilient in the face of persistent economic challenges.
“Managing disinflation requires robust policies and coordination between fiscal and monetary authorities to anchor expectations and sustain investor confidence,” he said, underlining the importance of price stability and the transition to an inflation-targeting framework.

Cardoso highlighted progress made by the CBN, including relative stability in the FX market, narrowing exchange rate gaps, and a rise in external reserves to over $40 billion by December 2024.
He also announced new measures to strengthen the banking sector, including higher minimum capital requirements for banks, effective from March 2026, aimed at positioning Nigeria’s banking industry for a $1 trillion economy.
The CBN Governor reaffirmed the bank’s commitment to orthodox monetary policy and maintaining confidence in Nigeria’s financial system.