The Central Bank of Nigeria says controlling inflation and stabilizing the economy remain top priorities, as the cost of living continues to squeeze households and businesses.
The Apex Bank Governor, Olayemi Cardoso while speaking at the 2025 Executive Seminar in Abuja says the ongoing reforms will help reduce prices, attract investors, and make life easier for Nigerians.
He described the annual policy forum as an important platform for reflection and collaboration, noting that past reforms have begun to yield results.
With the theme “Deepening Reforms: Paths to De-Inflation and Sustainable Growth experts at the Seminar agreed that inflation has weakened people’s purchasing power, raised production costs, and slowed job creation.
According to them, reforms in the foreign exchange market, agriculture, and manufacturing must be sustained to boost local production and reduce dependence on imports.
The Central Bank Governor, Olayemi Cardoso explained that while the impact of the reforms may take time, measures are already in place to ensure price stability and restore confidence in the economy.
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Minister of state for Finance, Doris Uzoka – Anite while speaking says both the Central Bank and the Ministry of Finance are working together to grow the economy and reduce hardship through what they call the Dis-Inflation and Growth Acceleration Strategy.
Speakers at the forum agreed that Nigeria’s path to recovery depends on consistent policies, transparency, and support for small businesses that create jobs and keep the economy running.
(Editor: Anoyoyo Ogiagboviogie)
