The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said ongoing economic reforms in Nigeria are strengthening the country’s financial system and positioning it to better withstand future challenges.
Cardoso made the remarks on Thursday while delivering the 2026 Annual Distinguished Alumni Lecture of the St. Gregory’s College Old Boys’ Association during the Founders’ Day celebration of St. Gregory’s College Lagos.
Speaking at the event in Lagos, the apex bank governor noted that macroeconomic reforms implemented over the past two years had significantly improved the resilience of Nigeria’s financial system.
“The macroeconomic reforms and policy buffers we have built over the past two years have placed Nigeria in a far stronger position to navigate challenges. The storms may come, but our house will stand firm. Strong foundations matter—whether for individuals, institutions, or nations,” Cardoso said.
He emphasised that sustainable economic growth depends on building strong institutions and maintaining disciplined policy frameworks across key sectors of the economy.
According to him, laying solid foundations in education, governance, and financial systems would help secure Nigeria’s long-term prosperity.
“If we build those foundations well, in our schools, in our institutions, and in our financial system, then Nigeria’s future will be not only promising, but secure. And that is the responsibility of every generation,” he stated.
Cardoso further highlighted the importance of combining innovation with strong ethical standards as the financial sector adapts to technological transformation.
“By combining innovation with discipline, technology with integrity, and opportunity with responsibility, we can ensure that Nigeria’s financial system not only adapts to the digital age but thrives in it. This is the bridge between strong foundations today and sustainable growth tomorrow,” he added.
The Distinguished Alumni Lecture formed part of activities marking the Founders’ Day celebration of St. Gregory’s College, bringing together alumni, students, and stakeholders to reflect on leadership, education, and national development.
