Emma Ujah, Abuja Bureau Chief
The Central Bank of Nigeria (CBN) Governor, Mr. Yemi Cardoso, has emphasized that Nigeria does not need to persuade investors to invest if the nation maintains strong macroeconomic fundamentals. Speaking at the bank’s 2025 Executive Seminar, Cardoso said stability and predictability are crucial to attracting capital.
“Stability is at the core of advancing Nigeria’s policy framework through inflation targeting,” he said. “A credible inflation targeting regime enhances predictability, anchors long-term investments, and encourages investors to come naturally. You don’t need to beg anyone to invest.”
The CBN governor also stressed transparency in his administration, noting that no one needs personal connections within the bank to get things done. “The era where people had to see the governor or directors for approvals is over,” he said.
Cardoso further warned against returning to heavy reliance on Ways and Means borrowing from the CBN. “The frightening Ways and Means to GDP ratios should never recur. We must protect the stability achieved over the past two and a half years,” he said, highlighting the importance of consolidating reforms to reinvigorate capital flows, safeguard financial markets, and strengthen investor confidence.
He urged all stakeholders to take ownership of sustaining reform momentum, saying, “Each of us must play our part to positively influence policy outcomes for the benefit of all Nigerians.”
In her address, Minister of State for Finance, Dr. Doris Uzoka-Anite, praised the collaboration between fiscal and monetary authorities and emphasized reducing energy costs and streamlining business registration to boost productivity. “We aim to improve Nigeria’s competitiveness through lower energy costs, faster business registration, and efficient government engagement,” she said.
Uzoka-Anite noted that Nigeria faces structural, not cyclical, economic challenges, requiring integrated monetary and fiscal measures. She highlighted the co-creation of the Dis-Inflation and Growth Acceleration Strategy (DGAS) by the Ministry of Finance and CBN, describing it as a blueprint to reposition the economy toward stability, productivity, and competitiveness.
“DGAS provides a comprehensive framework to ensure non-inflationary growth and structural transformation, ensuring Nigeria remains attractive for investors,” she said.
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