From David Onuoja, Abuja
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has emphasised the need for Africa to grow, industrialize, create jobs, and lift millions out of poverty while decarbonizing and building climate resilience.
He made this statement at the Egypt 30by30 Programme, highlighting the importance of collaborative efforts in achieving a resilient, climate-aware, and economically sustainable future for Africa.
Cardoso stressed that resilience begins with credibility, citing Nigeria’s disciplined and transparent reforms that have strengthened macroeconomic fundamentals and boosted confidence in the financial system.
He emphasised the need for trustworthy institutions, credible policies, transparent markets, and risk-aware innovation to build resilient financial systems.
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The CBN Governor also highlighted the impact of climate risk on financial systems, noting that Africa contributes least to climate change but bears some of its highest costs.
However, he pointed out that Africa offers opportunities in renewable energy, biodiversity, and financial markets. While calling for innovation and collaboration to seize these opportunities and build sustainable financial systems.
