Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared the Nigerian economy stable, citing improved investor confidence over the past 18 months.
Cardoso made the remarks on Tuesday during a press briefing following the 300th Monetary Policy Committee (MPC) meeting.
He noted that economic stability has attracted investments, which in turn drive growth.
While acknowledging persistent inflation, Cardoso maintained that macroeconomic fundamentals are strengthening.
The World Bank recently affirmed Nigeria’s positive trajectory, reporting a 3.4% economic growth in 2024 in its latest Nigerian Development Update.
News edited by Favour Owonibi