The Central Bank of Nigeria (CBN) has said that investor confidence in Nigeria’s economy is strengthening, buoyed by ongoing reforms that have stabilized the naira, slowed inflation, and improved transparency in monetary operations.
Speaking at a press conference on the sidelines of the IMF and World Bank Annual Meetings in Washington D.C., the CBN Governor, Olayemi Cardoso, said engagements with global investors, rating agencies, and multilateral partners reflected “a tone of confidence and constructive partnership” toward Nigeria’s reform trajectory.
According to him, the Nigerian delegation has held extensive engagements with the IMF, World Bank, IFC, rating agencies, Fitch, Moody’s, and S&P, as well as investors, development partners, and other central banks.
“There is broad recognition that Nigeria’s reforms are delivering results: inflation is moderating, the exchange rate has stabilized, and investor confidence is returning,” he said.
Cardoso said the naira continues to strengthen, with the gap between official and Bureau de Change (BDC) rates narrowing to below 2%, reflecting growing market confidence and reduced speculation.
“These indicators show that the policy adjustments undertaken over the past two years are producing the right results.
“Our focus remains on sustaining stability, deepening reforms, and ensuring that macroeconomic gains translate into better livelihoods for Nigerians,” Cardoso noted.
Cardoso, who was joined at the press briefing by Minister of State for Finance, Dr. Doris Uzoka-Anite, emphasized that coordination between fiscal and monetary authorities has strengthened confidence among development partners and global investors.
He said the appointment reflects “international confidence in Nigeria’s leadership and reform credibility.”
“We return home encouraged by the confidence reaffirmed in our mission. Our story is one of resilience of a nation aligning courage with conviction to build a more competitive, innovative, and inclusive economy,” the CBN Governor stated.