The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has once again emphasized the apex bank’s commitment to building a stronger economy, stabilizing the financial system, and positioning Nigeria as a top destination for investment.
Speaking at a fireside chat in Lagos on September 6, 2025, moderated by Andreas Voss, Chief Country Representative of Deutsche Bank Nigeria, Cardoso revealed that the ongoing bank recapitalisation exercise is progressing smoothly. According to him, this move will ensure Nigerian banks are stronger, resilient, and capable of supporting long-term economic growth.
Inflation Still High, But Improving
The Governor admitted that while headline inflation remains high, recent efforts are beginning to yield positive results.
“We will protect the stability that has been re-established in the financial system with the utmost zeal,” Cardoso assured. “Our goal is to sustain this stability, manage inflation, and keep the financial sector strong enough to support lending and investment.”
Lending Rates and Future Outlook
On the pressing issue of high lending rates in Nigeria, Cardoso acknowledged that businesses and investors face challenges. However, he expressed optimism that interest rates will reduce over time, especially as inflation continues to ease and capital allocation in markets becomes more efficient.
Why This Matters for Nigeria
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Stronger Banks: With recapitalisation, banks will be better positioned to withstand economic shocks.
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Controlled Inflation: A declining inflation rate means more stable prices for goods and services.
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Investment Growth: Reduced interest rates in the future could boost both local and foreign investments.
For Nigerians, this signals that the financial sector is gearing up to provide more stability, business opportunities, and investor confidence in the years ahead.
At Jamflash, we’ll keep following Nigeria’s economic updates to bring you clear and simplified insights that matter.
