David Ezeugoh, in Abuja
In line with President Bola Ahmed Tinubu’s Renewed Hope Agenda to reposition Nigeria as Africa’s leading investment destination, the Federal Government has strengthened its partnership with global banking giant J.P. Morgan to improve the country’s financial system.
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso met with top officials from J.P. Morgan at the bank’s headquarters in Abuja this week. The meeting focused on ways to bring more foreign funds into Nigeria and rebuild trust among international investors.
Governor Cardoso explained that the CBN is working hard to fix the foreign exchange market and make it easier for businesses to get dollars and other foreign currencies. These changes are part of President Tinubu’s plan to make Nigeria’s economy stronger and more attractive to investors from around the world.
The partnership with J.P. Morgan will help Nigeria improve its payment systems and banking rules. This collaboration is expected to make the financial system safer and reduce risks for both local and foreign investors who want to put their money in Nigerian businesses.
The CBN Governor said these efforts will help stabilise Nigeria’s currency and create better conditions for long-term investments with the goal of making Nigeria the top choice for investors looking to invest in African countries.
Through this partnership, Nigeria hopes to attract more foreign investment, create jobs, and ensure that economic growth benefits all Nigerians. The Federal Government believes these steps will help rebuild confidence in Nigeria’s economy.
The meeting shows Nigeria’s commitment to working with international financial institutions to achieve the economic goals outlined in President Tinubu’s Renewed Hope Agenda.
Government officials say these reforms will help Nigeria compete better with other African countries for foreign investment and create a more stable economic environment for businesses to grow.
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