“I’ll focus on price stability,” Cardoso says emphatically.

Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has emphasised that the bank will focus primarily on its primary goal of price stability under his leadership.

The bank revealed yesterday that Mr. Cardoso reiterated his leadership direction while hosting the Impact Investing Community, which was led by Muhammadu Sanusi II, the 14th Emir of Kano and Khalifa of the Tijaniyyah Sufi order of Nigeria and neighbouring countries.

Mr. Cardoso told the team in his office that his administration was determined to change the narrative about the CBN and its impact on Nigerians by reducing inflation.

“At the conclusion of our tenure, we want to be able to look back and see that our policies have positively influenced people’s lives,” he said.

Mr. Cardoso went on to congratulate the Impact Investing Community for their visit to the CBN, stating that the community represented an excellent future for Nigeria, with the ability to improve the country’s economy by tapping into the investment opportunities available across the country.

While praising Impact Investing Community’s leadership and efforts to raise awareness and build partnerships, the CBN president assured them that the bank would work with them to put in place frameworks that would encourage investments that would contribute to economic growth.

Khalifa Sanusi emphasised in his speech that the bank’s actions have a tremendous impact on the lives of Nigerians, adding that many people “do not recognise the impact of a central bank’s work until a central bank fails.”

While expressing concern over the inflation rate, he asked the CBN’s new leadership to strive tirelessly to reduce the rate, which he highlighted had badly harmed individual wealth.

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He also underlined the necessity of long-term planning by the CBN in attaining its goals, as well as the need for fiscal authorities to focus on agriculture and education, particularly for girls.

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Khalifa Sanusi pledged his continuous support for the CBN’s initiatives, together with the Impact Investing Community.

Also speaking, Mrs. Ibukun Awosika, Chair of Impact Investing, stated that they were at the CBN to express their willingness to support what the bank and the federal government were doing to change Nigeria’s investment climate by redirecting resources to areas where they would have the greatest positive impact.

According to her, over $200 trillion in investment money are accessible around the world, with $1 trillion of it dedicated to Impact Investing.

She went on to say that Impact Investing, which has a presence in over 41 countries, was eager to collaborate with traditional investing practitioners in order to make a difference in the country.

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While emphasising the need of social investment, she solicited CBN support to help the body accomplish its goal.

Dr. Bala Bello, the Deputy Governor in charge of Corporate Services, also spoke at the gathering and emphasised the need of investment, adding that global money was shifting towards social investment.

He thanked the team for their assistance, stressing that collaboration and effective communication were critical to successfully managing the country’s current challenges.

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