The Central Bank of Nigeria (CBN) said it will continue to remain steadfast as it is making progress on foreign exchange stability and inflation control.

CBN governor, Olayemi Cardoso, stated this at the CBN headquarters in Abuja on Tuesday when he received a delegation of scholars from the Harvard Kennedy School.

Cardoso said the bank is not going to rest on the success already recorded in stabilising the foreign exchange market and tackling inflation.

Daily Independent learnt that the visit was part of the scholars’ Africa Trek, which also included stops in Ghana.

The delegation comprised 50 students from 19 countries, including representatives from the Harvard Business School, Massachusetts Institute of Technology and Stanford University.

It marked the first time a Harvard Africa Trek delegation would visit the Central Bank of Nigeria.

While addressing the delegation, Cardoso, an alumnus of the Harvard Kennedy School and the first African elected to the global HKS Alumni Board of Directors, said the bank remained committed to fostering intellectual engagement and driving policy-oriented solutions.

The CBN governor noted that while Nigeria’s economy had faced recent challenges, key indicators suggest improvements are underway.

According to him, ongoing reforms are beginning to reflect in greater stability in the FX market and a gradual moderation in inflationary pressures.

Addressing Nigeria’s economic landscape, Cardoso acknowledged recent challenges but highlighted progress in stabilising the foreign exchange market and curbing inflation.”

https://independent.ng/we-are-making-progress-on-fx-stability-inflation-control-cbn/