The Federal Government of Nigeria has said that foreign investors are regaining their confidence in Nigeria following improvements witnessed by the nation’s economy.
Olayemi Cardoso, the governor of the Central Bank of Nigeria while hosting top executives from JP Morgan, Citi Bank and the International Monetary Fund (IMF) said that there are indications that investors are impressed with Nigeria’s current economic growth.
He said the nation’s economy has been directed towards the process of stabilising its foreign exchange market and reducing inflation thereby creating room for desired investments.
Speaking at the headquarters of the nation’s apex bank, Cardoso said leaders of financial organisations and top banks across the globe depend on data and economic trends rather than sentiments when making decisions and investments.
He said, “Their interest shows that we are on the right path.”
The CBN governor also hosted a delegation of scholars – 50 students from 19 countries – from the Harvard Kennedy School (HKS) Africa Trek.
An alumus of the institution, Cardoso pledged the support and commitment of the apex bank towards fostering intellectual discourse and policy-driven solutions.
He said, “As we reposition the Bank, we aim to serve as a hub for thought leadership. The exposure gained from institutions like Harvard is invaluable, and we view this as an opportunity to build long-term alliances.”
