Abuja, Nigeria | August 8, 2025
The Central Bank of Nigeria (CBN) has initiated strategic engagements with key national and international financial stakeholders, including the International Monetary Fund (IMF), the Federal Inland Revenue Service (FIRS), and mortgage banking operators, in a bid to reinforce economic coordination and advance Nigeria’s financial sector development.
The meetings, held at the CBN headquarters in Abuja, focused on aligning fiscal and monetary policies, deepening financial system reforms, and exploring sustainable pathways to economic recovery. According to CBN officials, the sessions are part of broader efforts to harmonise Nigeria’s macroeconomic framework and strengthen investor confidence amid ongoing fiscal challenges.
Speaking during the engagements, CBN Governor Olayemi Cardoso emphasised the need for stronger synergy among policy institutions to ensure long-term economic stability. “Collaboration between the apex bank, tax authorities, international partners, and financial institutions is essential to sustaining the progress we are making on inflation control, revenue generation, and financial inclusion,” he stated.
Representatives of the IMF expressed support for the CBN’s reforms and pledged continued technical assistance to strengthen Nigeria’s monetary policy framework and foreign exchange management. The FIRS, on its part, discussed strategies to boost non-oil revenue and improve tax compliance, while the mortgage bankers explored ways to expand access to affordable housing finance through enhanced liquidity and regulatory support.
The CBN reaffirmed its commitment to building a more resilient financial ecosystem, assuring Nigerians that policy reforms would be intensified to promote inclusive economic growth, stability in the naira, and improved access to credit for businesses and households.
