Naira Will Become Stronger Again Says Cardoso

The Central Bank of Nigeria, CBN, governor, Olayemi Cardoso yesterday hosted Nigerians in diaspora in a view to foster stronger ties with the diaspora and unlock potential for economic growth and financial inclusion through remittances and investments.

The Central Bank of Nigeria, CBN, governor, promised Nigerians in diasporas that the country currency will become stronger again after the reformed of the President Bola Tinubu. Cardoso stated this as he hosted a high-level roundtable at the 2024 IMF and World Bank Annual Meetings to connect with Nigerians abroad.

This was disclosed in a statement and photos shared on the CBN’s official X handle on Saturday.

The gathering reportedly aimed to foster stronger ties with the diaspora and unlock potential for economic growth and financial inclusion through remittances and investments.

The statement read, “This week, the CBN took a significant step in engaging Nigerians abroad through a high-level roundtable during the 2024 IMF and World Bank Annual Meetings.

“The roundtable focused on strengthening ties with the diaspora to drive economic development and financial inclusion through remittances and investments.

“It convened policymakers, business and thought leaders from the diaspora, Nigeria’s financial sector, International Money Transfer Operators, investors, and others.”

Discussions reportedly centred on the CBN’s vision to transform remittance inflows from short-term consumption to sustainable, long-term investments in sectors such as infrastructure, power, healthcare, and agriculture.

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