Nigeria committed to financial sector reform — Cardoso

 The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, reaffirmed Nigeria’s commitment to financial sector reform and boosting long term capital. Cardoso made the disclosure when he hosted a delegation from British International Investment (BII), led by its Chair, Ms. Diana Layfield, alongside the British High Commissioner to Nigeria, Mr. […]

 The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, reaffirmed Nigeria’s commitment to financial sector reform and boosting long term capital.

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

He said, “CBN is committed 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,”

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. 

The Governor noted that DFIs providing long-term capital and strong governance remain key partners in Nigeria’s reform agenda.

Ms. Layfield reaffirmed BII’s continued interest in Nigeria’s financial services sector, emphasising the importance of regulatory clarity and sustained engagement to support investment and inclusive growth.

 

 

 

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.