Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso formally received the Central Bank of the Year Award at the Central Banking Awards ceremony held in London on wednesday<\/p>\n
He dedicated the award to the board, management, and staff of the bank for their steadfast commitment to institutional reform and economic stability.<\/p>\n
In his acceptance speech, Cardoso expressed appreciation to Central Banking Publications and the award judges for the recognition. <\/p>\n
He also congratulated fellow institutions and individuals honoured during the event.<\/p>\n
The CBN Governor stressed that the award was not a personal achievement but a testament to the collective efforts of the entire Central Bank of Nigeria, particularly the professionals whose dedication, integrity, and expertise – often exercised away from public attention – have strengthened the Bank and reinforced confidence in Nigeria\u2019s economy.<\/p>\n
“I accept this award on behalf of the Board, Management, and staff of the Central Bank of Nigeria,\u201d Cardoso said. <\/p>\n
“Above all, it belongs to the many dedicated professionals who serve our institution with integrity, expertise, and an unwavering commitment to the public good.\u201d<\/p>\n
While reflecting on the global economic landscape, Cardoso noted that recent years had presented significant challenges for central banks worldwide, with Nigeria facing its own share of economic pressures and policy tests.<\/p>\n
He highlighted several difficult but necessary measures undertaken by the CBN, including efforts to address elevated inflation, implement major reforms in the foreign exchange market, and invest in critical digital and financial infrastructure to support the country\u2019s long-term economic development.<\/p>\n
Cardoso also pointed to key milestones achieved during the period, including Nigeria\u2019s removal from the Financial Action Task Force (FATF) grey list and the successful completion of the banking sector recapitalisation exercise. <\/p>\n
He noted that these accomplishments reflected the collaborative efforts of multiple institutions and stakeholders.<\/p>\n
According to the governor, the bank\u2019s reform agenda has been guided by a clear objective: restoring confidence, strengthening institutional resilience and policy credibility, and laying a solid foundation for sustainable economic growth.<\/p>\n
Acknowledging that significant work remains ahead, Cardoso expressed optimism about the progress made so far and the renewed confidence emerging across the economy.<\/p>\n
He attributed these gains to the support of the federal government, market participants, development partners, and, most importantly, the resilience and confidence of the Nigerian people.<\/p>\n
“We receive this recognition with humility,\u201d he said. \u201cWe see it not as a destination but as encouragement to continue the important work ahead.\u201d<\/p>\n
Cardoso reaffirmed the CBN\u2019s commitment to preserving public confidence, safeguarding financial and monetary stability, and fulfilling its mandate with integrity, professionalism, and accountability.<\/p>\n
The award represents significant international recognition for the Central Bank of Nigeria at a time when monetary and financial sector reforms remain central to the country\u2019s economic recovery and long-term growth agenda.<\/p>\n","protected":false},"excerpt":{"rendered":"
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso formally received the Central Bank of the Year Award at the Central Banking Awards ceremony held in London on wednesday He dedicated the award to the board, management, and staff of the bank for their steadfast commitment to institutional reform and economic stability. In […]<\/p>\n","protected":false},"author":2,"featured_media":10351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-10350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/10350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/comments?post=10350"}],"version-history":[{"count":1,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/10350\/revisions"}],"predecessor-version":[{"id":10352,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/10350\/revisions\/10352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/media\/10351"}],"wp:attachment":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/media?parent=10350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/categories?post=10350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/tags?post=10350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}