Tuesday, December 5, 2023
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HomeBusiness NewsCBN will ensure policies impact Nigerians Positively, Cardoso Says

CBN will ensure policies impact Nigerians Positively, Cardoso Says

The appointed Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso is determined to reshape the perception of the bank.

He assured that he along with the deputy governors will make every effort to effectively manage inflation and enhance the well being of Nigerians.

Cardoso conveyed this commitment during a meeting in Abuja week with the Impact Investing Community led by the Emir of Kano and former Governor of the Central Bank of Nigeria Muhammadu Sanusi Lamido. He emphasized their focus on fulfilling the core objective of ensuring price stability to impact lives.

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Sanusi expressed his concerns about Nigerias inflation rate. Urged the CBN leadership to consistently work towards reducing it. He encouraged them to adopt long term planning strategies and emphasized on prioritizing agriculture and education for girls.

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The former Emir pledged his support along, with that of the Impact Investing Community in assisting the CBN to achieve its goals.He mentioned that the majority of individuals only realize the significance of a bank when it faces failure.

In addition Mrs. Ibukun Awosika, who is the Chair of Impact Investing also spoke during the meeting. Highlighted that there is, over $200 trillion worldwide, for investment purposes with $1 trillion specifically allocated for impact investing.

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“Impact investing refers to the practice of investing money in companies, organizations, and funds with the intention of generating positive social and environmental impacts alongside financial returns. The main purpose of impact investing is to create positive change and address social or environmental challenges, while still expecting a financial return on the investment.”

Impact investors prioritize businesses and projects that aim to solve important issues such as poverty, climate change, healthcare access, education, sustainable agriculture, and more. They analyze the potential impact of their investments and actively seek out opportunities where they can make a positive difference.”

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β€œIt combines the goals of both philanthropy and investment, emphasizing the need for sustainable and socially responsible business practices.”

She sought the support of the CBN to enable the body to achieve its goal.

During the meeting, Dr. Bala Bello, the CBN Deputy Governor, for Corporate Services highlighted the significance of investments. Pointed out that social investment was attracting global capital…[CONTINUE READING HERE]>>

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