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 several strategies including short-term and medium-term goals to repair the economy.
According to him, to achieve stability in Nigeria’s exchange rate, measures must be put in place to ensure 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 concerning ensuring that our data gathering capacity is enhanced so we can make decisions based on proper data,” he said.
