In a significant move toward reshaping Nigeria’s financial future, Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, engaged in a high-profile discussion with world-renowned economist and Nobel laureate, Dr. James Robinson, at a strategic policy forum aimed at defining Nigeria’s monetary path and global financial integration.
The event, which attracted top policymakers, financial experts, and global stakeholders, was highlighted in a statement shared via the CBN’s official X (formerly Twitter) handle on Saturday.
A New Era of Monetary Discipline
Cardoso, speaking with clarity and conviction, outlined the CBN’s renewed commitment to transparency, stability, and orthodox monetary policies, signaling a strong pivot from past approaches.
“We inherited a crisis of confidence, but we chose a different path. We’re not turning back,” Cardoso stated, earning nods of approval from international finance leaders and members of the Nigerian diaspora in attendance.
His words underscored a shift towards restoring trust in Nigeria’s financial institutions and charting a course for long-term economic sustainability.
Global Collaboration and Insights
The fireside chat was co-led by Dr. James Robinson, the Reverend Richard L. Pearson Professor at the University of Chicago and Director of the Pearson Institute for the Study and Resolution of Global Conflicts. The two visionaries delved into Nigeria’s economic trajectory, discussing how global economic models and strategic reforms could inform the country’s fiscal future.
The session opened with remarks from Nasdaq President Tal Cohen and featured perspectives from both Nigerian professionals and international economic stakeholders. Dr. Nkiru Balonwu, CBN’s Adviser on Stakeholder Engagement, skillfully anchored the session, while Temi Popoola, Group CEO of the Nigerian Exchange Group, led the Q&A session, ensuring dynamic interaction and constructive dialogue.
Harnessing Global Nigerian Expertise
In a powerful show of unity and strategic intent, members of the CBN Board and Monetary Policy Committee were also present, including Mr. Robert Agbede, Prof. Melvin Ayogu, and Dr. Aloysius Ordu. Their presence emphasized the bank’s commitment to drawing on the knowledge and experience of Nigerians in the diaspora to help steer critical reforms.
Dr. Olubukola Akinniyi Akinwunmi, Director of the CBN’s Banking Supervision Department, closed the event with reflections on the institution’s evolving priorities and its focus on rebuilding a sound and resilient banking system.
Rebuilding Trust Through Policy
The core message of the forum was clear: Nigeria’s monetary reform is underway, and the CBN is taking deliberate steps to rebuild trust and credibility through orthodox, data-driven policies. Cardoso’s remarks painted a picture of a central bank that is no longer reactive, but strategically proactive, determined to ensure Nigeria’s financial system is both stable and globally competitive.
As the CBN continues this reform journey, its collaboration with thought leaders like Robinson signals a bold, thoughtful approach to economic recovery—one rooted in trust, integrity, and forward-thinking leadership.
