The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said Nigeria’s long-term economic growth will depend on strong collaboration between the public and private sectors, stressing that sustained institutional coordination is key to restoring confidence and delivering durable outcomes.
Cardoso made the remarks in a post on his X page on Tuesday, outlining the apex bank’s policy direction for 2026 and emphasising that macroeconomic stability cannot be achieved through isolated actions.
“The year opened with a clear emphasis on coordination and the restoration of long-term confidence. At the Central Bank of Nigeria, we recognise that macroeconomic stability is not achieved through isolated measures, but through institutions working in deliberate alignment,” he said.
According to Cardoso, the CBN’s priority is to safeguard stability while ensuring ongoing reforms strengthen institutions and produce lasting economic benefits. “Our focus, therefore, is on safeguarding stability while ensuring reforms strengthen institutions and deliver durable outcomes for the economy,” he said.
He disclosed that he met with the Minister of State for Finance, Doris Uzoka-Anite, and the Chairman of the Nigerian Revenue Service, Zacch Adedeji, to align fiscal and monetary policies. Cardoso added that coordination efforts also extend to protecting the integrity of the financial system, noting a meeting with the Chairman of the Economic and Financial Crimes Commission (EFCC), Olanikpekun Olukoyede, to reinforce transparency and institutional cooperation.
Cardoso further highlighted the importance of international engagement, citing a meeting with a delegation from British International Investment and the British High Commissioner to Nigeria, Richard Montgomery, to align long-term capital with Nigeria’s reform agenda.
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He stressed that sustainable growth depends on partnerships between government and business, referencing his engagement with MTN Group leadership to discuss the role of telecommunications infrastructure in advancing digital payments, financial inclusion, and broader economic participation.
The CBN governor also reaffirmed the bank’s commitment to consumer protection, public trust, and macroeconomic stability, even amid global uncertainties. “As we move through 2026, our priorities remain focused on sustaining macroeconomic stability, strengthening the financial system, deepening trust in institutions, and ensuring that our reforms deliver tangible value to businesses, investors and everyday households,” he said.
Cardoso described his recent recognition as The Sun Awards Man of the Year as a reflection of collective institutional effort rather than personal achievement.