The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has highlighted improvements in Nigeria’s economy, calling for sustained reforms to strengthen stability, attract investment and support long-term economic growth.
Cardoso spoke on October 17, 2026, during a press briefing at the conclusion of the International Monetary Fund (IMF) and World Bank Group Annual Meetings in Bangkok, Thailand.
The CBN governor said Nigeria’s recent economic adjustments had created opportunities to rebuild investor confidence, strengthen the financial system and deepen international partnerships.
According to reports from the briefing, Nigeria’s headline inflation fell to 14.63 per cent in September 2026, compared with approximately 34.8 per cent at the end of 2024.
Cardoso also disclosed that the country’s external reserves had risen above $55 billion, their highest level in 18 years, while formal diaspora remittance inflows were approaching $1 billion monthly.
He further highlighted the banking sector recapitalisation exercise, which had attracted ₦4.65 trillion in fresh capital, with more than 70 per cent coming from domestic investors.
The CBN governor noted that these developments could help strengthen confidence in Nigeria’s financial markets and create better conditions for long-term investment.
He stressed, however, that maintaining the progress would require consistent economic policies, monetary discipline and continued efforts to control inflation.
Cardoso also highlighted Nigeria’s engagement with international financial institutions and global investors during the meetings, noting the importance of partnerships in supporting the country’s economic priorities.
He said sustained macroeconomic stability would be essential to attracting private investment, expanding productive activities and creating employment opportunities.
The governor’s remarks come as the Federal Government and the CBN seek to translate recent economic improvements into stronger growth and better living conditions for Nigerians.
The 2026 IMF–World Bank Annual Meetings brought together finance ministers, central bank governors and other policymakers to discuss global economic developments, financial stability and strategies for sustainable growth.
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