The Central Bank of Nigeria (CBN) Governor, Dr Yemi Cardoso, has assured local and foreign investors of a conducive operating environment, saying everything possible would be done to make them comfortable.
To this end, he said the apex bank would ride on its statutory functions to address identified distortions in the foreign exchange market and other systemic tremors.
Cardoso gave the assurance in his office on Thursday when a group of investors paid him a courtesy visit.
He said under his watch, the new management team at the bank will do its best to demolish the impediments to liquidity as it has become a major headache for all.
While disclosing plans to formally unveil his agenda for the monetary and financial sector in the days ahead, Mr. Cardoso stressed the importance of credibility and transparency in implementing the CBN’s monetary policy. To achieve this, he said the bank would focus on strengthening its data-gathering system to ensure that only verifiable data will be relied upon for evidence-based decisions. According to him, the CBN would also adhere to rules that are known, acceptable and transparent for the conduct of monetary policy.