The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says Nigeria’s economy is now stronger and more resilient, with major progress recorded across the banking sector. He explains that recent stress tests show banks remain financially stable and well-positioned for growth into 2026.
According to Mediaplusng.com, Cardoso makes the statement during his keynote address at the 60th Annual Dinner of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos. He notes that the CBN’s ongoing reforms are helping to stabilise the financial markets and boost investor confidence.
Mediaplusng.com reports that the CBN Governor also stresses that the apex bank will continue to protect the integrity of Nigeria’s financial system. He says the reforms are designed to strengthen regulation, improve market transparency, and ensure a safer environment for banking operations.
Cardoso adds that Nigeria’s economy is now better positioned to withstand global shocks compared to previous years. He further highlights that Nigeria and Ethiopia are currently leading economic recovery efforts on the African continent, reflecting stronger macroeconomic stability and improved policy outcomes.
The Governor says the CBN remains committed to sustaining reforms that support a resilient banking sector and long-term economic growth.
