The Centre for the Promotion of Private Enterprise (CPPE) has commended the leadership of the Central Bank of Nigeria (CBN) under Governor Yemi Cardoso, citing major improvements in liquidity, transparency, and credibility following the liberalisation and unification of the foreign exchange (FX) market.
Chief Executive Officer of CPPE, Dr. Muda Yusuf, stated this in a weekend press release titled “Two Years of Yemi Cardoso as CBN Governor: Achievements and Emerging Concerns.”
According to him, Cardoso’s leadership has driven significant transformation within Nigeria’s financial system, restoring confidence and stability in the FX market while enhancing governance standards.
Yusuf, however, stressed that the next phase of reforms must aim for a more balanced policy stance that not only preserves macroeconomic stability but also supports inclusive growth.
“Addressing structural financing gaps and sustaining governance reforms will be critical for unlocking the financial sector’s full potential as a driver of inclusive economic development,” he noted.
The CPPE boss urged continued focus on structural reforms to strengthen the resilience of Nigeria’s financial system and ensure long-term stability.
