Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said ongoing economic reforms are reinforcing the foundations of Nigeria’s financial system and positioning the country to better withstand future economic shocks.
Cardoso stated this on Thursday while delivering the 2026 Annual Distinguished Alumni Lecture of the as part of the Founders’ Day celebration of .
Speaking on the importance of strong institutions and sound policies, the apex bank chief said the macroeconomic reforms introduced in recent years had strengthened Nigeria’s economic resilience.
“The macroeconomic reforms and policy buffers we have built over the past two years have placed Nigeria in a far stronger position to navigate challenges,” Cardoso said.
“The storms may come, but our house will stand firm. Strong foundations matter: whether for individuals, institutions, or nations.”
The CBN governor emphasised that disciplined policy frameworks and resilient institutions remain critical for sustainable economic growth and long-term national development.
According to him, the same principle of strong foundations that applies to education and institutions must also guide the management of the country’s financial system.
“If we build those foundations well, in our schools, in our institutions, and in our financial system, then Nigeria’s future will be not only promising but secure,” he said.
Cardoso further stressed the need for innovation and integrity in navigating the evolving global financial landscape, particularly as digital technologies reshape banking and financial services.
He noted that combining innovation with strong governance would help ensure that Nigeria’s financial system remains competitive and adaptable in the digital age.
“By combining innovation with discipline, technology with integrity, and opportunity with responsibility, we can ensure that Nigeria’s financial system not only adapts to the digital age but thrives in it,” Cardoso said.
“This is the bridge between strong foundations today and sustainable growth tomorrow.”
The lecture formed part of activities marking the Founders’ Day of St. Gregory’s College, bringing together alumni and stakeholders to reflect on leadership, education, and national development.
