Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reaffirmed the apex bank’s commitment to restoring investor confidence and ensuring long-term macroeconomic stability through a series of sustained reforms.
In a post shared on his official X (formerly Twitter) account on Sunday, Cardoso stated that the CBN has made steady progress in recent weeks, focusing on critical reforms that are aimed at strengthening Nigeria’s financial system.
“In recent weeks, we have advanced several critical priorities that reflect the Central Bank we are building—pragmatic, forward-looking, and people-centric,” Cardoso wrote.
“Whether deepening Nigeria’s global financial relationships or consolidating vital domestic reforms, our focus remains clear: to restore confidence, unlock opportunity, and lay the foundation for long-term economic stability.”
Among the recent milestones, he cited the launch of the Non-Resident Bank Verification Number (BVN) platform on May 13 as a significant achievement. Developed in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), the platform enables Nigerians in the diaspora to register for BVN remotely, thereby boosting financial inclusion while ensuring strict regulatory compliance.
Cardoso’s update comes as the CBN continues efforts to rebuild trust and reposition the economy, following months of monetary policy adjustments and FX reforms.
