Browsing: Yemi Cardoso

Cardoso’s mellifluous voice remained calm, and pleasant to the ears, yet it carried across the room a powerful message of assurance. 

Few leaders would have dared to confront these structural distortions head-on. Yet the Tinubu administration moved swiftly.

Addressing industry players at the launch and alluding to the deep insights and interactions with them, Cardoso said that the acceptance of the FX code reflects the collective vision of everyone for a foreign exchange market built on integrity, fairness, transparency and efficiency, based on its critical nature for Nigeria’s economic growth and stability. 

The governor offered the explanation on Friday when he appeared before the House of Representatives Committee probing the exit.

According to a report, he told his audience: “Our decision to raise the Monetary Policy Rate (MPR) to 27.25 percent was a bold move. 

He noted that excellent coordination of private-public relationship can signal stability to investors.