The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reaffirmed the commitment of the Nigerian government to the financial sector reforms.
Mr. Cardoso, who hosted a delegation from the British International Investment (BII) on Wednesday said that the meeting was part of the ongoing efforts to deepen financial sector reforms and attract long-term investment.
“The Governor reaffirmed the CBN’s commitment to macroeconomic stability, credible monetary policy, and a transparent, data-driven regulatory framework.
“It is aimed at strengthening the resilience of the banking system and improving financial intermediation,” the statement from the CBN said.
It added that the discussions focused on developments in the financial services sector, BII’s investment outlook, and opportunities to deploy patient capital in support of banking sector stability, financial inclusion, and sustainable private-sector growth.
“The CBN Governor noted that DFIs providing long-term capital and strong governance remain key partners in Nigeria’s reform agenda.
In her speech, Ms Diana Layfield, who led the delegation which included the British High Commissioner to Nigeria, Mr Richard Montgomery, reaffirmed “BII’s continued interest in Nigeria’s financial services sector, emphasising the importance of regulatory clarity and sustained engagement to support investment and inclusive growth.”
BII is the UK’s development finance institution, wholly owned by the UK Government through the Foreign, Commonwealth and Development Office (FCDO).
It has a total assets of 9.9 billion pounds supporting over 1,600 businesses across emerging markets.
GIK/APA
