The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has outlined critical milestones in the bank’s ongoing economic reform agenda, including a new target to increase foreign remittances to $1 billion monthly.
He announced in his keynote address at a symposium on economic reforms and the unveiling of the compendium, “Promoting Stability in an Era of Economic Reforms: The Journey So Far”, on Thursday in Abuja.
This marks the first anniversary of the bank’s management team. Reflecting on the transformative policy actions of the past year, Cardoso emphasised the CBN’s steadfast commitment to stabilising the economy, curbing inflation, and restoring investor confidence.
In a statement, he noted that the event was not a celebration but an acknowledgement of the bank’s milestones achieved in the past year, despite the crisis that prevailed when he and his team assumed office in 2023.
He described the past year as one of the bank’s most challenging yet transformational, as the Bank had been able to address the credibility deficit it faced at the time.
