The Central Bank of Nigeria has assured Nigerians that the benefits of the country’s improving macroeconomic indicators will soon filter through to households and businesses as ongoing fiscal and monetary reforms begin to take effect.
The CBN Governor, Olayemi Cardoso, gave the assurance on Tuesday at the 19th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria in Abuja.
Cardoso, who was represented by the Deputy Governor, Economic Policy Directorate, Philip Ikeazor, acknowledged concerns that improvements in major economic indicators had yet to translate fully into better living conditions for many Nigerians.
He said the monetary authority was working closely with the fiscal authorities to ensure that the gains from stabilising the economy eventually translate into improvements at the household and business levels.
“I can assure you, all watchers of the economy have acknowledged the macroeconomic stability we have today. But the question that remains on everyone’s mind is, when will the common man feel the full benefits? That is on its way because of this same collaboration that I’m talking about,” Ikeazor said.
