The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has said neither him nor his team are responsible for Nigeria’s current economic woes.
Cardoso stated this while responding to a question about whether the CBN is responsible for the current economic challenges faced by Nigerians at the first Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.
The CBN boss, however, said the CBN is taking the necessary steps to get the country’s fiscal and monetary health back to normal.
He said, “I laugh at that question, but it’s not a laughing matter and I think it is very important for Nigerians to understand that the Central Bank Governor — I and my team — are not responsible for the woes that we have today; we are part of the solution.
“We are determined to ensure that we work hard to get out of the mess that Nigeria is in. We assumed responsibility in a time of crisis of confidence; there was a crisis of confidence and you may all want to go to bed and wish that crisis of confidence was not there but it was, and we can’t turn back the clock.
“All we can do is do the difficult things to make a bad situation better and I do believe that the efforts that we are making are beginning to bring back confidence because to be frank, without confidence in your business, you are not going to get far.”
Alleluia is the Assistant Editor and Content Writer at LagosPost.ng. She is a prolific writer and editor, she has written features and news stories on Lifestyle, Sports, Business, Politics and B2B marketing. She is also an event coordinator, host and social media content creator.
