CBN Gov Tells Nigerians Not To ‘Japa’, Says Economic Reforms ’ll Address Current Challenges

Nigerians thinking of leaving the country have been encouraged to stay back to benefit from the economic reforms being carried out by the federal government.

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso gave the charge while delivering his keynote address at the 59th annual Bankers Dinner of the Chartered Institute of Bankers of Nigeria (CIBN), in Lagos.

Cardoso assured Nigerians that the current reforms and policies are targeted at stimulating economic development.

The CBN governor further assured Nigerians that every decision taken by the apex is bank aimed at serving the best interest of the people.

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“And we will continue strengthen our internal capacity processes to ensure that these processes remain firmly rooted in evidence-based analysis. It is not a good idea to ‘japa’ at this stage,” Cardoso said.

He noted that those considering relocation outside of the country sell and get rid of their assets. Giving his reasons for Nigerians to reconsider such move, he gave two reasons; “One, those who may decide they are going to do that, they will sell and get rid of their assets.

“There are opportunities in the market today, which I must say, from my experience over the past year and also for the past six months, a lot of interest from the outside in what is going on in Nigeria.

“In taking positions in certain assets, so they see the opportunity, and we, who are here, should be part of the solution for the better things which will come.”

Acknowledging the economic hardship on Nigerians, the apex bank boss said the current economic reforms are concentrated on tackling current challenges and securing the opportunities of the future with the aim of building an economy where everybody thrives.

“We are building an economy where every individual, every business, and every community can thrive.”

Cardoso reminded that the vision will not be achieved by one institution alone, noting, “It requires all of us, banks, regulators, businesses, and citizens to work together with steadfast resolve.”