Cardoso Reaffirms Commitment to Financial Sector Reform, Long-Term Capital

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…Hosts British International Investment Team

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, reaffirmed the CBN’s commitment to macroeconomic stability, credible monetary policy, and a transparent, data-driven regulatory framework aimed at strengthening the resilience of the banking system and improving financial intermediation.

Cardoso made this remark when he hosted a delegation from British International Investment (BII), led by its Chair, Ms. Diana Layfield, and the British High Commissioner to Nigeria, Mr. Richard Montgomery, as part of ongoing efforts to deepen financial sector reforms and attract long-term investment into the country.

During the meeting with the BII delegates, discussions focused on developments in the financial services sector, BII’s investment outlook, and opportunities to deploy patient capital in support of banking sector stability, financial inclusion, and sustainable private-sector growth.

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The apex bank governor noted that DFIs providing long-term capital and strong governance remained key partners in Nigeria’s reform agenda.

In her remarks, the BII Chairperson reaffirmed the organisation’s continued interest in Nigeria’s financial services sector, emphasising the importance of regulatory clarity and sustained engagement to support investment and inclusive growth.

The meeting was attended by members of BII’s Board and executive management, including the Chief Executive Officer, Leslie Maarsdorp; Non-Executive Director, Andrew Alli; Non-Executive Director, Mr. Simon Rowlands,; Managing Director and Head of Africa, Chris Chijiutomi,; and West Africa Regional Director and Head of the Nigeria Office, Benson Adenuga, and senior officials of the British High Commission.

British International Investment is the UK’s development finance institution, wholly owned by the UK Government through the Foreign, Commonwealth and Development Office (FCDO), with total assets of £9.9 billion supporting over 1,600 businesses across emerging markets.

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