The CBN Governor was speaking during a business meeting in Saudi Arabia.
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Cardoso made this known on Thursday while delivering his keynote address at the launch of the 2025 macroeconomic outlook by the Nigerian Economic Summit Group.
He has also emphasised the necessity of addressing the scarcity of skilled professionals in finance-related fields in Nigerian universities.
Cardoso made this known when he appeared before the House of Representatives Committee on Banking Regulation on Tuesday.
The forum, organised by the International Monetary Fund and World Bank Group, brought together a select group of global leaders.
Cardoso said that this had led to a 50 percent reduction in month-on-month inflation between February and May.
Cardoso spoke at the UK-Nigerian Chamber of Commerce on: “The Impact of the Recapitalization of Nigerian Banks.”
He said this on Tuesday in Abuja when he appeared before the House of Representatives on the state of the Naira.
This is contained in a press release made available on Sunday.
The photograph of the two Governors during the visit had trended on the social media on Friday after the visit.
The Senate has confirmed the appointment of Dr Olayemi Cardoso as the Governor of the Central Bank of Nigeria (CBN)