By Atoyebi Nike
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for stronger coordination between fiscal and monetary authorities to sustain Nigeria’s economic reforms and attract long-term investment.
Speaking at the London Business School’s Wheeler Institute for Business and Development on October 10, Cardoso highlighted the importance of clear communication, credible data, and policy alignment in maintaining investor confidence.
“No central bank can stabilise an economy in isolation. Fiscal and monetary authorities must constantly shake hands, speaking the same language and heading in the same direction,” he said.
Cardoso explained that the CBN has strengthened collaboration with the Ministry of Finance, the Budget Office, and other agencies to ensure consistency in inflation management, revenue mobilisation, and foreign exchange policies. He added that predictable policymaking and improved data transparency are critical to attracting private capital and sustaining reform momentum.
