Central Bank of Nigeria Governor Olayemi Cardoso has reassured international investors of Nigeria’s steadfast commitment to macroeconomic stability, even as the nation navigates significant economic reforms against a backdrop of global financial volatility and ongoing domestic challenges. His remarks were delivered on Monday in Washington D.C. during the US – Nigeria Executive Business Roundtable.

Cardoso engaged directly with senior business leaders and institutional investors, outlining Nigeria’s economic trajectory. He emphasized that the country’s reform agenda is fundamentally built upon a foundation of rules-based economic management, fostering transparent markets, and establishing predictable policy frameworks – elements he identified as crucial for rebuilding investor confidence.

The recent adjustments within the foreign-exchange market, the embrace of orthodox monetary policy strategies, and the ongoing overhaul of the banking sector, alongside the modernization of the national payments system, are all integral components of a broader strategy. These measures are specifically designed to achieve economic stabilization and create an environment conducive to private-sector-driven growth.

The business roundtable, organized by the US Chamber of Commerce’s US-Africa Business Centre, provided a platform for discussions centered on macroeconomic stabilization, the imperative of regulatory clarity, and the identification of opportunities to expand viable projects across key sectors of the Nigerian economy. This engagement underscores Nigeria’s proactive efforts to deepen commercial ties with the United States.

Kendra Gaither, President of the US-Africa Business Centre, highlighted the growing investor focus on policy credibility and consistency. She noted that current market sentiment favors clarity, well-defined rules, credible reform implementation, and a clear demonstration of purpose. Nigeria’s evolving narrative now projects discipline and opportunity, which are highly valued in a global economic landscape actively seeking stability and predictability.

Over the past year, Nigeria has implemented a suite of economic reforms. These include significant adjustments to its foreign exchange framework, the adoption of a more restrictive monetary policy, and intensified efforts to bolster banking supervision. These actions are aimed at curbing persistent inflation, stabilizing the national currency, the naira, and improving the flow of capital into the country.

This high-level engagement in Washington D.C. occurs at a critical juncture, as Nigeria actively vies with other emerging markets for vital foreign investment. The nation is competing in an environment characterized by elevated global interest rates and increasingly constrained financial conditions, making its reform efforts and clear communication to investors all the more significant.

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Keywords: Nigeria economic stability, Olayemi Cardoso, CBN reforms, investor confidence Nigeria, foreign exchange Nigeria, monetary policy Nigeria, economic outlook Nigeria, US Nigeria business