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Tuesday, June 18, 2024

Economy: CBN determines to introduce positive policies to drive down inflation

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The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso,  has said under his leadership, the apex bank is determined to make its impact felt by curtailing inflation.

Speaking on his plan to address inflation in the country, Cardoso said; “At the end of our tenure, we want to look back and see that our policies have positively impacted people’s lives.”

The apex bank revealed on Sunday that Cardoso restated the direction of his leadership while playing host to the Impact Investing Community led by the 14th Emir of Kano and Khalifa of the Tijaniyyah Sufi order of Nigeria and the neighbouring countries, Muhammadu Sanusi II, who was also a former governor of the apex bank.

AllNews reports that Sanusi, while expressing concerns about the inflation rate in the country, urged the new leadership at the CBN to work persistently at driving down the rate, which he noted had severely impacted the wealth of individuals.

Speaking further, Cardoso thanked the Impact Investing Community for visiting the CBN, noting that the community represented an excellent future for Nigeria, with the potential to transform the country’s economy by tapping into the investment opportunities available across the country.

The apex bank boss also vowed to focus mainly on the core mandate of price stability.

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