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Investors regaining confidence in Nigeria – Cardoso

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Investors regaining confidence in Nigeria - Cardoso

Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso has described recent visits by top executives from JP Morgan, Citi Bank and the International Monetary Fund (IMF) as clear indications of growing investor confidence in Nigeria’s economic direction

The CBN Governor pointed to progress in stabilising the foreign exchange market and curbing inflation as well as addressing key economic issues despite recent challenges

Speaking during a meeting with a delegation of scholars from the Harvard Kennedy School (HKS) Africa Trek at the CBN headquarters in Abuja, Cardoso noted that these financial leaders base their decisions on data and trends rather than sentiment.

“Their interest shows that we are on the right path,” he remarked.

The Africa Trek delegation, which included 50 students from 19 countries, comprised representatives from HKS, Harvard Business School, the Massachusetts Institute of Technology (MIT) and Stanford University.

Their visit to Nigeria followed an earlier stop in Ghana as part of a broader initiative to engage with key policymakers and economic stakeholders across the continent.

Mr. Cardoso, an HKS alumnus and the first African elected to the global HKS Alumni Board of Directors, pledged the CBN’s commitment to fostering intellectual discourse and policy-driven solutions.

As a trustee of both the Harvard Club of Nigeria and the Harvard Kennedy School Alumni Association of Nigeria (HKSAAN), the CBN Governor stated that “as we reposition the Bank, we aim to serve as a hub for thought leadership. The exposure gained from institutions like Harvard is invaluable, and we view this as an opportunity to build long-term alliances.”

 

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