Nigeria’s growth hinges on strong public-private partnership – Cardoso
Cardoso made this known in a post on his X page on Tuesday, outlining the apex bank’s policy direction at the start of the year and emphasising that macroeconomic stability cannot be achieved through isolated actions.
“The year opened with a clear emphasis on coordination and the restoration of long-term confidence.
“At the Central Bank of Nigeria, we recognise that macroeconomic stability is not achieved through isolated measures, but through institutions working in deliberate alignment.,” he said.
According to him, the CBN’s priority is to safeguard stability while ensuring that ongoing reforms strengthen institutions and produce lasting economic benefits.
“Our focus, therefore, is on safeguarding stability while ensuring reforms strengthen institutions and deliver durable outcomes for the economy,” Cardoso stated, adding that “an early priority was reinforcing coherence across public institutions.”
He disclosed that he met with the Minister of State for Finance, Doris Uzoka-Anite, and the Chairman of the Nigerian Revenue Service, Zacch Adedeji, as part of efforts to align fiscal and monetary policies.
“As reforms advance, sustained institutional alignment remains critical to credible implementation and the outcomes required to support Nigeria’s long-term economic resilience,” he said.
Cardoso noted that coordination efforts also extend to protecting the integrity of the financial system. He revealed that he hosted the Chairman of the Economic and Financial Crimes Commission, Olanikpekun Olukoyede, at the CBN headquarters to deepen cooperation.
“Our engagement focused on strengthening transparency, reinforcing institutional cooperation, and ensuring that the gains from reform are sustained in a way that supports trust and financial stability,” he said.
The CBN governor added that domestic confidence must be complemented by sustained engagement with international partners. He cited a meeting with a delegation from British International Investment, led by its Chair, Diana Layfield, alongside the British High Commissioner to Nigeria, Richard Montgomery.
“Our discussions centred on aligning long-term capital with Nigeria’s reform agenda, and on the role of credible policy, data-driven regulation, and a resilient banking system in mobilising sustainable investment that supports long-term economic transformation,” Cardoso said.
He stressed that Nigeria’s growth trajectory is anchored in a productive partnership between government and business.
“Sustainable progress depends on an enabling environment that allows private enterprise to innovate, invest, and scale with confidence,” he said.
Cardoso said this informed his engagement with the leadership of MTN Group, led by its Group President and Chief Executive Officer, Ralph Mupita, and the Chief Executive Officer of MTN Nigeria, Karl Toriola.
“I received the leadership of the MTN Group to discuss the role of telecommunications infrastructure in advancing digital payments, financial inclusion, secure innovation, and broader economic participation,” he said, noting that consumer protection must keep pace with expanding digital systems.
“As these systems expand, protecting consumers and sustaining public trust are central to long-term resilience and impact,” he added.
Cardoso also referenced his recent recognition as The Sun Awards Man of the Year, describing it as a reflection of collective institutional effort rather than personal achievement.
He reaffirmed that the apex bank would remain focused on stability and trust-building despite global uncertainties.
“As we move through 2026, even amid rapid global change, our priorities remain focused on sustaining macroeconomic stability, strengthening the financial system, deepening trust in institutions, and ensuring that our reforms deliver tangible value to businesses, investors and everyday households,” he said.
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