The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the apex bank’s unwavering commitment to fostering a strong and resilient domestic economy.
Speaking at a recent economic forum, Cardoso emphasized the importance of trust—both in market participants and in the potential of Nigeria’s private sector and citizens.
Representing Vice President Kashim Shettima at the event, Special Adviser on Economic Affairs, Dr. Tope Fasua, echoed similar sentiments, stressing the urgent need to deepen regional value chains under the African Continental Free Trade Area (AfCFTA).
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According to Fasua, the way forward lies in the institutionalisation of digital trade systems across Africa.
“Digitalising trade processes will significantly cut costs and enhance the competitiveness of African products across borders,” Fasua noted.
He also called for greater capitalisation of financial institutions, improved governance structures, and more efficient trade facilitation mechanisms.
In a call for inclusive growth, Fasua said that economic transformation should not only be pursued in theory but must practically empower young people, small and medium enterprises (SMEs), and women entrepreneurs.
The forum’s discussions highlighted the crucial interplay between sound monetary policy, regional collaboration, and digital innovation as necessary tools to position Nigeria and Africa for sustainable economic growth.
This reaffirms the CBN’s role in shaping a forward-looking, inclusive financial landscape.
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