Uyo (Nigeria): The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has reaffirmed the bank’s commitment to fostering productivity, promoting financial inclusion, and maintaining monetary and price stability.
He made this statement during the 2025 CBN Fair in Uyo on Tuesday, with the theme “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development.”
Represented by Mrs Hakama Ali, the acting Director, Corporate Communications Department, Cardoso said some of the bank’s policies were already yielding positive results, “as evidenced by the steady inflation and current stability in the foreign exchange market.
“Under my leadership, the management of the bank remains firmly committed to fostering productivity, enhancing financial inclusion and maintaining monetary and price stability.”
The CBN governor stated that since assuming office two years ago, he has spearheaded several key policies to strengthen the financial system, including the exchange rate policy, which has reduced volatility and cleared more than seven billion dollars in verified foreign exchange backlogs.
He said the B-match forex trading system has strengthened market integrity.
“Some of our monetary policies have started yielding positive results.
This can be seen in the steady ease of inflation and current stability in the current exchange market,” he said.
He added that the theme of the CBN fair was carefully selected to address the links that catalyse critical activities for the much-needed price and monetary stability.
He noted that the fair was one of the platforms designed to interact with the public about the bank’s policies for sustainable economic growth and development.
He said the engagement was primarily to sensitise the public on how the bank’s policies enhance their lives and livelihood, and contribute to the growth and development of the Nigerian economy.
Mrs Njideka Nwabukwu, the Branch Controller of the CBN in Uyo, also stated that the primary objective of the fair was to educate the public about the bank’s various initiatives.
She said, “It is to create a platform to receive valuable feedback that will help us improve our service delivery and policy implementation.”
Nwabukwu, who described the fair as timely and significant, said it would feature presentations from key departments and provide a unique opportunity for direct engagement with bank customers and stakeholders in the state.
She said the theme of this year’s fair is relevant and forward-looking, adding that “as the apex financial institution, the Central Bank of Nigeria plays a critical role in shaping the economic direction of our nation.
“Through strategic policies and regulatory frameworks, the bank continues to enhance payment systems, thereby promoting financial inclusion and supporting sustainable economic growth.”
She commended the organisers of the event, the Corporate Communications Department (CCD) of the bank, supported by other Strategic Business Units (SBUs).
“We acknowledge all the efforts and resources that have been channelled towards this notable gathering. Uyo branch is delighted to support and serve as the host branch,” she said.
