Abuja, Nigeria – The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has affirmed that the nation’s economy is regaining stability, citing an increase in foreign reserves and a decline in inflation.
Speaking at the 20th Anniversary Colloquium Lecture of the Monetary Policy Department (MPD) in Abuja, Cardoso noted that Nigeria’s foreign reserves have risen to $46.7 billion, while inflation has moderated to 16.05%, signaling improving macroeconomic conditions.
Vice President Kashim Shettima, also present at the event, highlighted that ongoing economic reforms are fostering new opportunities for investment, emphasizing that “Nigeria is ready for business.”
The remarks underscore the government’s commitment to sustaining economic growth, restoring investor confidence, and creating a favorable environment for both local and foreign investments.
