The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, on Wednesday hosted a delegation from Standard and Poor’s (S&P Global Ratings) as part of the agency’s periodic review of Nigeria’s sovereign credit ratings.
The S&P Global team, led by its Global Head of Sovereign Ratings, Mr Roberto Sifon-Arevalo, held discussions with the CBN governor during a working visit to Nigeria, which forms part of a broader engagement with key government ministries, departments and agencies.
During the meeting, Cardoso highlighted Nigeria’s improving macroeconomic fundamentals, resilience and the positive outcomes of ongoing economic reforms initiated by the current administration.
He stressed that recent policy measures across critical sectors of the economy were beginning to yield measurable gains, while reaffirming the commitment of the country’s leadership to sustaining the reforms and translating them into long-term economic growth and development.
The CBN governor also underscored Nigeria’s credit strengths and efforts aimed at stabilising the economy, improving investor confidence and strengthening the nation’s financial system.
The visit by S&P Global comes amid ongoing reforms in Nigeria’s monetary, fiscal and foreign exchange policies targeted at restoring economic stability and boosting the country’s global credit outlook.
