The Central Bank of Nigeria (CBN) has reaffirmed its commitment to driving economic growth through strategic policies aimed at boosting productivity, ensuring monetary stability, and deepening financial inclusion.
Speaking at the opening of the 2025 CBN Fair in Kano, CBN Governor Mr. Olayemi Cardoso, represented by Acting Director of Corporate Communications Mrs. Hakama Ali, said the fair serves as a vital platform to engage directly with the public on how the bank’s policies impact everyday lives and the wider economy.
Cardoso highlighted key reforms introduced in the last two years, including exchange rate unification, bank recapitalisation, and the launch of the non resident BVN initiatives aimed at stabilising the economy, strengthening the banking sector, and connecting Nigerians in the diaspora with the local financial system.
He also referenced the rollout of the Payments System Vision 2028 (PSV 2028), which aims to accelerate digital transformation and support Nigeria’s goal of becoming a $1 trillion economy.
“The theme of the fair, ‘Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development’, underscores our focus on empowering SMEs and fostering price stability through innovation,” he said.
The CBN’s reaffirmation is significant as it demonstrates a proactive stance in creating a stable macroeconomic environment a critical foundation for sustainable growth, investor confidence, and job creation.
Acting CBN Kano Branch Controller Hajiya Saudatu Muhammad emphasized the importance of public engagement, calling on participants to use insights from the fair to strengthen financial literacy and institutional trust.
The event drew wide participation from various sectors, including mobile money operators, the military, financial institutions, youth corps members, and the business community showing broad interest in how central banking policies shape Nigeria’s economic future.
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