CBN leads financial dialogue with JP Morgan, NGX, others in pre-spring meetings forum

The Central Bank of Nigeria (CBN) showcased its bold reform agenda at a high-profile global forum at Nasdaq MarketSite in New York, just days before the International Monetary Fund (IMF) and World Bank Group (WBG) Spring meetings.

This strategic summit, in collaboration with JP Morgan, the Nigerian Exchange Group (NGX), and the African Private Capital Association (AVCA), marked a pivotal moment in Nigeria’s economic renaissance.

Under the banner “The Nigeria Investment Agenda: Pathways for Growth & Global Partnerships,” the forum attracted an influential assembly of global investors, diaspora leaders, and financial power brokers eager to witness Nigeria’s economic transformation firsthand.

In a commanding address, Governor Olayemi Cardoso unveiled his visionary reform blueprint that has already begun reshaping Nigeria’s financial landscape through decisive monetary tightening, revolutionary FX market transparency, and fortified financial governance.

“These reforms aren’t merely policy adjustments,” Cardoso emphasized, “but foundational pillars rebuilding Nigeria’s economic architecture for generations to come.”

ALSO READ: CBN’s Hakama Sidi-Ali wins Banking Sector Outstanding Spokesperson

Governor Cardoso declared the CBN’s determination to restore market confidence: “We inherited a crisis of confidence but chose a different path. We’re not turning back.”

His resolute stance signaled Nigeria’s irreversible commitment to financial orthodoxy and stability.

The Governor’s vision gained further dimension during an illuminating fireside chat with Nobel Prize-winning economist Dr. James Robinson.

There, Cardoso articulated his ambitious mission to transform the CBN into a world-class institution commanding respect on the global stage while delivering excellence at home.

Reinforcing this narrative of renewal, Deputy Governor Muhammad Sani Abdullahi presented compelling evidence of Nigeria’s economic revival, highlighting surging foreign exchange turnover, promising disinflation signals, and strengthening external reserves.

“We’re witnessing the green shoots of recovery,” he remarked. “With our market-determined exchange rate and transparent, rules-based policy framework, international confidence in Nigeria’s economy is unmistakably returning.”

Dr. Nkiru Balonwu, Adviser to the CBN Governor on stakeholder engagement and strategic communication, framed the forum as a watershed moment in Nigeria’s engagement with global markets.

“Today represents more than a conversation, it’s an unprecedented opening of the books on the CBN’s transformation journey under Governor Cardoso,” she declared.

“We’re not just sharing progress; we’re co-creating the roadmap for sustainable partnerships that will unlock Nigeria’s true economic potential.”

Another high point of the forum was the panel discussion “Repricing Nigeria: Assessing the Scope for Sustained Change.”

Moderated by Gavin Serkin of New Markets Media & Intelligence, the star-studded panel featured Joyce Chang of JPMorgan Chase, Jason Rekate of Citi, Razia Khan of Standard Chartered, and Ahmad Zuaiter of Jadara Capital Partners.

These financial luminaries unanimously highlighted Nigeria’s remarkable resurgence, pointing to its strengthened fundamentals, enhanced governance frameworks, and crystal-clear policy direction as magnets for renewed international investment.

The forum further demonstrated Nigeria’s global reach through the participation of distinguished diaspora members Mr. Robert Agbede, Prof. Melvin Ayogu, and Dr. Aloysius Ordu, representing the CBN Board and Monetary Policy Committee.

Their presence underscored Cardoso’s commitment to harnessing its global talent network.

Temi Popoola, NGX’s Group CEO, moderated an engaging Q&A session, while Dr. Olubukola Akinniyi Akinwunmi, Director of Banking Supervision, delivered powerful closing remarks that reinforced the CBN’s transformation narrative.

This landmark gathering transcended typical investment forums by creating an authentic dialogue between Nigeria’s financial leadership and the global investment community, including global investors, influential Nigerian diaspora and corporate leaders.

Through transparent assessment of progress and candid exploration of future challenges, it laid the groundwork for enduring partnerships and substantial long-term capital flows.

At its heart stood a singular mission: to reestablish the CBN as a beacon of credibility and excellence, both globally respected and locally trusted, powering Nigeria’s ascent in the world economy.

NIGERIAN TRIBUNE