Nigeria reaffirms commitment to economic stability

Barbara Bako, Abuja.

Nigeria has reaffirmed its commitment to macroeconomic stability, transparent markets, and predictable policies as the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, engaged senior business leaders and institutional investors at the U.S.–Nigeria Executive Business Roundtable...

The CBN in a statement said that the Executive Business Roundtable was held on Monday in Washington, D.C.

Speaking at the forum, Governor Cardoso outlined Nigeria’s ongoing reform agenda, emphasising the country’s adherence to rules-based economic management and efforts to strengthen investor confidence amid heightened global economic uncertainty.

He highlighted recent reforms in the foreign exchange market, the adoption of orthodox monetary policy measures, continued banking sector reforms, and the modernisation of the payments system as key pillars supporting economic stability and sustainable, private-sector-led growth.

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The roundtable was convened by the U.S. Chamber of Commerce’s U.S.-Africa Business Center and brought together policymakers, investors, and business executives to discuss macroeconomic stabilisation, regulatory clarity, and opportunities to scale bankable projects across priority sectors of the Nigerian economy.

The discussions also underscored the growing commercial engagement between Nigeria and the United States.

Commenting on the outcome of the engagement, President of the U.S.-Africa Business Center at the U.S. Chamber of Commerce, Ms. Kendra Gaither, said investor attention is increasingly focused on policy credibility and consistency.

“What investors are responding to today is clarity, clear rules, credible reforms, and a seriousness of purpose. Nigeria’s message is increasingly one of discipline and opportunity, and that matters in a global economy seeking actively for stability and predictability,” Ms. Gaither said.