Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso on Wednesday received the Central Bank of the Year Award at the Central Banking Awards ceremony held in London.
Mr Cardoso dedicated the award to the board, management and staff of the CBN, saying the recognition reflected their contributions to the institution and Nigeria’s economy.
In his acceptance speech, he thanked Central Banking Publications and the award judges for the honour and congratulated other recipients at the event.
“I accept this award on behalf of the Board, Management and staff of the Central Bank of Nigeria,” he said.
“Above all, it belongs to the many dedicated professionals who serve our institution with integrity, expertise, and an unwavering commitment to the public good.”
Cardoso said central banks across the world had faced economic challenges in recent years, with Nigeria also dealing with its own policy and economic pressures.
He noted that the CBN had taken steps to address inflation, reform the foreign exchange market and invest in digital and financial infrastructure.
The governor also highlighted Nigeria’s removal from the Financial Action Task Force grey list and the completion of the banking sector recapitalisation exercise as key developments during the period.
According to him, the bank’s reform agenda has focused on restoring confidence, strengthening institutions and supporting economic growth.
Cardoso said progress made so far had been driven by the support of the Federal Government, market participants, development partners and Nigerians.
“We receive this recognition with humility. We see it not as a destination, but as encouragement to continue the important work ahead,” he said.
He reaffirmed the CBN’s commitment to maintaining financial and monetary stability and carrying out its responsibilities with accountability and professionalism.
