The Central Bank of Nigeria has reaffirmed its commitment to stimulating productivity, deepening financial inclusion, and ensuring monetary and price stability as part of its effort to strengthen the nation’s economy.
The CBN Governor, Mr. Olayemi Cardoso, gave the assurance while declaring open the 2025 CBN Fair at the Mineet Event Centre in Kano on Tuesday.
Represented by the Acting Director of Corporate Communications, Mrs. Hakama Ali, noted that the fair was designed as a platform for direct engagement with the public on the bank’s policies for sustainable economic growth and national development.
He noted that within the last two years, the bank has introduced several key policies to strengthen the financial system, including Exchange rate unification to minimise arbitrage opportunities and reduce volatility in the foreign exchange market.
The CBN governor said other policies include bank recapitalisation to strengthen the resilience and global competitiveness of the banking sector, positioning it to support the $1 trillion economy, in addition to launching the non-resident BVN to connect Nigerians abroad with home banking.