The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has urged Nigerians contemplating emigration to remain in the country and benefit from ongoing economic reforms initiated by the federal government.
Speaking at the 59th Annual Bankers Dinner organized by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, Cardoso assured the audience that the government’s policies are designed to stimulate sustainable economic growth.
He emphasized that all decisions by the apex bank are made in the best interest of Nigerians. “And we will continue to strengthen our internal capacity processes to ensure that these processes remain firmly rooted in evidence-based analysis. It is not a good idea to ‘japa’ at this stage,” Cardoso said, using the popular slang for leaving the country.
Addressing those considering selling off assets to move abroad, Cardoso pointed out two key reasons to reconsider. “One, those who may decide they are going to do that, they will sell and get rid of their assets. Two, there are opportunities in the market today, which I must say, from my experience over the past year and also for the past six months, a lot of interest from the outside in what is going on in Nigeria. In taking positions in certain assets, so they see the opportunity, and we, who are here, should be part of the solution for the better things which will come.”
Acknowledging the economic difficulties facing many Nigerians, Cardoso stressed that the reforms aim to tackle current challenges while securing opportunities for the future. “We are building an economy where every individual, every business, and every community can thrive.”
The CBN governor also called for collective action from all stakeholders, including banks, regulators, businesses, and citizens, to achieve a prosperous and inclusive economy. “This vision will not be realized by one institution alone. It requires all of us to work together with steadfast resolve,” he concluded.
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