CBN Governor Cardoso: Naira reflects true value, attract foreign investors

CBN Governor Cardoso: Naira reflects true value, attract foreign investors


ARISE NEWS

The Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Thursday said despite Naira’s volatility in recent years, the international community believed the currency is now reflective of its real rate and currently more competitive.

The CBN governor also said recent reforms in the nation’s Foreign Exchange (FX) segment have continued to attract foreign investors into the economy, vowing that the monetary authority will do everything possible to ensure that current inflows continue.

Speaking at the 2025 Monetary Policy Forum with the theme, “Managing the Disinflation Process” in Abuja, the CBN governor noted that foreign investors would always be willing to invest in an environment where returns are attractive.

This came on a day the Executive Chairman, Federal Inland Revenue Service (FIRS), Dr. Zaccheus Adedeji, disclosed that the service generated a record N21.6 trillion revenues in 2024, surpassing its N19.4 trillion target by 111.6 per cent.

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CBN Governor Cardoso: Naira reflects true value, attract foreign investors

 

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