The Central Bank of Nigeria (CBN) has expressed confidence in the country’s economy, saying it has continued to demonstrate strong resilience in the face of external pressures.
CBN Governor, Olayemi Cardoso, stated this during an interactive session with the Senate Committee on Banking, Insurance and Other Financial Institutions.
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Cardoso assured lawmakers that despite volatility and persistent uncertainties in the global environment, particularly tensions in the Middle East, the Nigerian economy remains strong and resilient, as reflected in expanding economic activities across key sectors.
He told the committee, chaired by Senator Adetokunbo Abiru, that inflationary pressures remain moderate, while the foreign exchange market has remained relatively stable.
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