CBN Says It Will Be More Effective In Managing Inflation, Improving Economic Well- being

CBN Gov, Olayemi Cardoso

The Central Bank  of Nigeri a(CBN) has  pledged that it will be  more effective in managing inflation and improving the economic well-being of Nigerians.

The Apex Bank Governor , Olayemi Cardoso  made the promise  in Abuja last week,  while playing host to the Impact Investing Community, led by the 14th Emir of Kano and Khalifa of the Tijaniyyah Sufi order of Nigeria and the neighbouring countries, Muhammadu Sanusi II, who is also a former Governor of the Central Bank of Nigeria.

The CBN Governor said that under his leadership, the Bank will focus mainly on the core mandate of price stability.

According to him, “at the end of our tenure, we want to look back and see that our policies have positively impacted people’s lives.”

Also speaking at the meeting, the Chair of Impact Investing, Mrs. Ibukun Awosika, said: “Over $200 trillion was available around the globe as investment funds, with $1 trillion of it with impact investing.

She said impact  investing refers to the practice of investing money in companies, organizations, and funds with the intention of generating positive social and environmental impacts alongside financial returns, adding that the  main purpose of impact investing is to create positive change and address social or environmental challenges, while still expecting a financial return on the investment.

Awosika stated that Impact investors prioritize businesses and projects that aim to solve important issues such as poverty, climate change, healthcare access, education, sustainable agriculture, and more, while  they analyze the potential impact of their investments and actively seek out opportunities where they can make a positive difference.

Earlier, Khalifa Sanusi noted that the CBN’s activities have significantly impacted the lives of Nigerians, adding that many people often “do not know the impact of a Central Bank’s works until a Central Bank fails.”