The Central Bank of Nigeria has assured Nigerians of its commitment in ensuring that the policies and reforms already introduced would bring about much-needed price and monetary stability in the country.
Nigerians have, over a long period of time, experienced hardship occasioned by rising inflation and monetary instability in the country.
But, speaking in Uyo, the CBN Governor, Olayemi Cardoso, said some of the monetary policies of bank had started yielding positive results, as seen in the steady easing of inflation and current stability in the foreign exchange market.
Cardoso stated this during the “Fair” themed, ‘Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development.
He said, CBN is committed to needed price and monetary stability. Some of our monetary policies had started yielding positive results. This can be seen in the steady ease of inflation and current stability in the foreign exchange market.