Photo Caption: From left, Mrs Ibukun Awosika, Chairperson, Impact Investing Advisory Board; Khalifa Muhammadu Sanusi II; Mr Olayemi Cardoso, Governor, Central Bank of Nigeria; Dr Bala Bello, Deputy Governor, Corporate Services, CBN; and Ms Emem Usoro, Deputy Governor, Operations, CBN during a courtesy visit by the group to the CBN headquarters in Abuja on Thursday.
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), on Thursday restated the resolve of the apex bank under his leadership to focus mainly on the core mandate of price stability.
Cardoso who hosted the Impact Investing Community, led by the 14th Emir of Kano and Khalifa of the Tijaniyyah Sufi order of Nigeria and the neighbouring countries, Muhammadu Sanusi II, who is also a former CBN Governor in his office, stressed the determination of his team to change the narrative about the bank by ensuing it impacts more on the lives of Nigerians by curtailing inflation.
According to him, “at the end of our tenure, we want to look back and see that our policies have positively impacted people’s lives.”
Speaking further, Cardoso thanked his guests for the visit, noting that the community represented an excellent future for Nigeria and has the potential to transform the country’s economy by tapping into the investment opportunities available across the country and the world.
He commended the quality of leadership at Impact Investing Community and its effort to create awareness as well as build partnerships, assuring them of the bank’s readiness to collaborate by putting in place frameworks that will encourage investments that will positively influence the lives of Nigerians and contribute to economic growth.
Speaking earlier, Khalifa Sanusi expressed happiness at visiting the new CBN Governor, noting that the bank’s activities had a massive impact on the lives of Nigerians.
Many people, he noted, often “do not know the impact of a central bank’s works until a Central Bank fails.”
While expressing concerns about the inflation rate, he urged the new leadership at the CBN to work persistently at driving down the rate, which he noted had severely impacted the wealth of individuals.
He also acknowledged the importance of long-term planning by the CBN in achieving its goals, just as he emphasised the need for the fiscal authorities to focus on agriculture and education, especially for the girl-child.
Sanusi, therefore, pledged his continued support, along with the Impact Investing Community, to the CBN in achieving its goals.
Also speaking, the Chair of Impact Investing, Mrs. Ibukun Awosika, said the team was at the CBN to register their willingness to support what the bank and the Federal Government were doing in terms of changing Nigeria’s investment climate by redirecting resources to areas where they will make the most positive impact.
According to her, over $200tr is available around the globe as investible funds, $1tr of which is with impact investing.
With a presence in over 41 countries, she stressed the willingness of Impact Investing to blend with traditional investment practitioners to make an impact in the country.
While noting the importance of social investment, she sought the support of the CBN to help the body achieve its goal.
Equally speaking at the meeting, the Deputy Governor in charge of Corporate Services, Dr. Bala Bello, underscored the importance of investment, noting that global capital was moving towards social investment. Appreciating the team for its support, he noted the vital role of collaboration and effective communication to successfully navigating the current challenges in the country.