The Central Bank of Nigeria (CBN) hosted its 2025 Executive Policy Seminar, gathering prominent economic thinkers, policymakers, and industry stakeholders to deliberate on national economic strategies.
The seminar, themed “Reforms, Disinflation and Sustainable Growth,” focused on recalibrating Nigeria’s economic path toward a more inclusive, transparent, and competitive future.
CBN Governor Olayemi Cardoso underscored the importance of policies that ensure economic progress is broadly shared, stating that “the economy belongs to everyone.”
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He highlighted key initiatives aimed at expanding access to financial resources and opportunities across all segments of society.
The bank’s focus is on strengthening local industries, supporting SMEs, and fostering entrepreneurship to guarantee that the benefits of growth are not concentrated.
A central message from Cardoso was the CBN’s commitment to transparency in operations and fairness in economic governance.
He emphasised that the bank is shifting away from personal connections, stressing that merit will now be the primary driver for accessing financial services and securing regulatory approvals.
This push for open and transparent processes is intended to restore investor confidence, attract domestic and foreign investment, and establish a level playing field for businesses.
The CBN affirmed its close alignment with fiscal authorities to address structural issues, specifically reducing production costs to enhance competitiveness and boost industrial output.
This strategic collaboration is crucial for stabilising prices, easing inflationary pressures, and strengthening Nigeria’s global economic standing.
The goal is to build a resilient economy capable of sustaining growth even amidst global volatility.
Recognising the vast potential of the country’s creative and digital industries, CBN policies are now actively promoting innovation and entrepreneurship through specialised, inclusive financing programs.
These initiatives are designed to help sectors like music, film, design, and digital services scale their businesses and access wider markets.
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By prioritising these areas, the bank aims to diversify the economy, generate employment, and position Nigeria as a significant hub for innovation and cultural influence.
The seminar reinforced the Bank’s commitment to the broader goals of the #RenewedHopeAgenda by establishing a clear framework for economic reform.
