The new Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has vowed that he and the deputy governors of the apex bank would work to change the public perception of the bank.
He pledged that the new management team of the CBN would put in their best to ensure that inflation is managed and the economic well-being of Nigerians improve.
Cardoso stated this in Abuja last week when he played host to the Impact Investing Community, led by the former Emir of Kano, Muhammadu Sanusi Lamido, who is also a former Governor of the Central Bank of Nigeria.
According to him, their plan is to positively affect the lives of Nigerians by focusing on the core mandate of price stability.
The CBN Governor said: “At the end of our tenure, we want to look back and see that our policies have positively impacted people’s lives.”
On his part, Sanusi expressed concerns about Nigeria’s inflation rate and urged the new leadership of the CBN to work persistently at driving down the rate.
He charged the new CBN management team to embrace long-term planning and advised on the need for the fiscal authorities to focus on agriculture and education, especially for the girl-child.
The former Emir promised his continued support, along with the Impact Investing Community, to the CBN in achieving its goals.
He noted that the impact of the central bank is not known by many people until a central bank fails.
Also speaking at the meeting, the Chair of Impact Investing, Mrs. Ibukun Awosika, said: “Over $200 trillion was available around the globe as investment funds, with $1 trillion of it with impact investing.
“Impact investing refers to the practice of investing money in companies, organizations, and funds with the intention of generating positive social and environmental impacts alongside financial returns. The main purpose of impact investing is to create positive change and address social or environmental challenges, while still expecting a financial return on the investment.
“Impact investors prioritize businesses and projects that aim to solve important issues such as poverty, climate change, healthcare access, education, sustainable agriculture, and more. They analyze the potential impact of their investments and actively seek out opportunities where they can make a positive difference.
“It combines the goals of both philanthropy and investment, emphasizing the need for sustainable and socially responsible business practices.”
She sought the support of the CBN to enable the body to achieve its goal.
At the same meeting, the CBN Deputy Governor in charge of Corporate Services, Dr. Bala Bello emphasized the importance of investment, noting that global capital was moving towards social investment.
Story continues below advertisement
He noted that collaboration and effective communication were vital to successfully navigating the current challenges in the country.