The newly confirmed Central Bank of Nigeria, CBN, Governor, Dr. Olayemi Cardoso has disclosed plans to shore up the country’s Gross Domestic Product, GDP, to $1 trillion in eight years . Cardoso spoke while answering questions from senators during his screening and confirmation as the governor of the apex bank. Those confirmed as deputy governors are: Emem Usoro, Philip Ikeazor, Muhammad Abdullahi-Dattijo, and Bala Bello. He assured that the ratified board will adopt a number of strategies including short term and medium terms goals to repair the economy. According to him, to achieve stability in Nigeria’s exchange rate, measures must be put in place towards ensuring a healthy balance of payment and diversification of the economy. “When you look at the dimension of inflation, we will be doing evidence-based monetary policy. We shall not be making decisions based on a whim. “We will significantly rebound the infrastructural demand with respect to ensuring that our data gathering c...
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