The Central Bank of Nigeria (CBN) has restated its dedication to a transparent, fair, and inclusive financial system, emphasising that access to financial services and regulatory approvals will be based on merit, not personal connections.
The Bank reiterated this position at its 2025 Executive Policy Seminar on “Reforms, Disinflation, and Sustainable Growth,” where economists, policymakers, and industry leaders discussed strategies for a stable and inclusive economy.
CBN Governor Olayemi Cardoso stated that ongoing reforms aim to ensure economic progress benefits all segments of society by broadening access to financial resources and opportunities for individuals and businesses nationwide. He emphasised that “the economy belongs to everyone.”
Cardoso stated that inclusive financial policies are key to the Bank’s growth strategy. He added that they are strengthening local industries, empowering SMEs, and encouraging entrepreneurship to ensure economic growth benefits are widely shared and contribute to sustainable national development.
The CBN Governor emphasised that the Bank’s commitment to open, competitive, and merit-driven processes will foster transparency in economic governance, restore investor confidence, stimulate domestic and foreign investment, and ensure a level playing field for all businesses.
Cardoso highlighted the alignment of the CBN’s monetary policy with the Federal Government’s fiscal initiatives, aimed at lowering production costs, stabilising prices, and increasing industrial output to enhance Nigeria’s economic resilience and global competitiveness.
In addition, the Governor revealed that the Bank is promoting innovation and entrepreneurship in the creative and digital sectors through targeted financing programmes. These initiatives, he said, support growth in industries such as music, film, design, and digital services, enabling Nigerian talent to scale up their businesses and access international markets.
Olayemi stressed that the Bank’s goal is to diversify the economy, generate employment, and position Nigeria as a leading hub for innovation and cultural influence. Through these reforms, he added, the CBN is building a transparent, inclusive, and sustainable financial system capable of supporting long-term economic stability and growth.
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