The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has credited the bank’s policy interventions with preventing inflation from soaring to 42.81% in December 2024.
Speaking at the 2025 Monetary Policy Forum in Abuja on Thursday, Mr. Cardoso underscored the importance of maintaining what he termed ‘bold and coordinated’ policy measures to consolidate economic stability.
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Addressing an audience of ministers, senior government officials, and private sector leaders, the CBN governor reaffirmed the bank’s commitment to orthodox monetary policies aimed at curbing inflationary pressures. He emphasised that sustaining these measures throughout 2025 was crucial for economic resilience.
The CBN’s approach, he noted, would prioritise stability while fostering confidence in Nigeria’s financial system.
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