Economy

CBN Signals Stable Reform Path to Investors Amid Global Volatility

The Central Bank of Nigeria (CBN) has reassured international investors of its commitment to a stable and predictable reform agenda, positioning policy consistency as a central pillar of Nigeria’s economic management amid heightened global uncertainty.

Speaking to global business leaders and institutional investors, CBN Governor Olayemi Cardoso said the apex bank remains focused on restoring macroeconomic balance through disciplined monetary policy, improved transparency, and market-driven reforms.

He emphasised that policy decisions are being guided by long-term stability rather than short-term interventions.

Cardoso said the CBN’s approach is anchored on rebuilding confidence in Nigeria’s financial system by strengthening price stability, supporting orderly foreign exchange market operations, and reinforcing the credibility of monetary policy tools.

According to him, these measures are designed to create a more predictable operating environment for investors navigating volatile global conditions.

The central bank highlighted recent reforms aimed at improving foreign exchange liquidity and reducing market distortions, noting that a more transparent FX framework is essential for attracting sustainable capital inflows.

Cardoso said the reforms are part of a broader effort to align Nigeria’s monetary system with global best practices while addressing domestic structural challenges.

He also stressed the importance of coordination between monetary and fiscal authorities, stating that policy alignment is critical for managing inflationary pressures, stabilising the currency, and supporting economic growth.

The CBN, he said, is committed to maintaining policy discipline even as external risks such as geopolitical tensions, tighter global financial conditions, and slowing growth continue to weigh on emerging markets.

Investors were told that Nigeria’s reform path is not subject to abrupt reversals, with the central bank prioritising clear communication and consistency to reduce uncertainty.

Cardoso said confidence is built when investors can accurately assess risk and plan over the medium to long term without fear of sudden policy shifts.

Market analysts said the message from the CBN reflects a deliberate effort to reposition Nigeria as a credible investment destination at a time when global capital is increasingly selective. They noted that policy clarity and institutional credibility will be key determinants of foreign portfolio flows and direct investment decisions in the coming months.