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The Central Bank Governor, Olayemi Cardoso, has reaffirmed the bank’s commitment to achieving macroeconomic stability, strengthening the banking sector, and positioning Nigeria as a leading investment destination.
Cardoso, who gave the assurance at a fireside chat moderated by Andreas Voss, Chief Country Representative of Deutsche Bank Nigeria, in Lagos on September 6, 2025, said the recapitalisation exercise for banks is “making good progress” and will result in even stronger institutions that can withstand shocks and finance growth.
He noted that headline inflation remains elevated but is decreasing, following collective efforts.
“We will protect the stability that has been re-established in the financial system with the utmost zeal,” he stated. “Our primary objective is to maintain that stability while simultaneously addressing inflation and ensuring that the financial system is sufficiently resilient to facilitate corporate lending and investment.”
When asked about the impact of high lending rates in Nigeria on investment, Cardoso acknowledged the concern but linked it to his earlier remarks regarding inflation and stability.
He said there was substantial potential for interest rates to decrease in the future as inflation continues to decline and as markets become more efficient in allocating capital.
