By Gwurld4026 
Cardoso: Renewed Investor Confidence in Nigeria
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has indicated that investor confidence in Nigeria’s economy is on the rise, attributing this positive shift to recent economic reforms and monetary policies. Speaking at the Monetary Policy Forum in Abuja, Cardoso emphasized that the naira is stabilizing and becoming more reflective of its true value, making local assets more attractive to international investors.
The CBN’s strategies, including multiple interest rate hikes, have been instrumental in restoring confidence in the naira and moderating inflation. Cardoso highlighted that these measures have encouraged both domestic and foreign investors to reconsider the Nigerian market.
Furthermore, the CBN’s efforts to enhance transparency and implement bold reforms have led to increased foreign capital inflows. The floatation of the naira and the clearance of over $7 billion in foreign exchange backlog have improved the country’s outlook among foreign investors and multilateral organizations.