CBN committed to attracting FDI, says Cardoso

According to Yemi Cardoso, the Governor of the Central Bank of Nigeria, public relations serves as an essential component to achieve economic prosperity for any nations.

Cardoso who spoke for Mr. Uchenna Ogbonna, the Assistant Director and Head of Corporate Communications of the apex bank, Lagos, said this during the annual National Week of the Nigerian Institute of Public Relations held in Abeokuta.

He said that his administration remained committed to championing good causes and implementing the right policies to boost the country’s economy and make it more vibrant and resilient.

Cardoso, who spoke on the theme “Strengthening Trust and Communication: The Role of Public Relations in Nigeria’s Economic Development”, noted in an era when global perceptions significantly influence economic prosperity and international standing, public relations is indispensable to a country’s reputation capital.

He asserted, “Public relations shapes perceptions and tells Nigeria’s story in a way that builds trust, attracts investments, and fosters international partnerships.

“However, a strategic, focused, inclusive, and comprehensive approach is required for public relations to drive economic and reputational transformation.

The connection between a strong national reputation and a thriving economy is undeniable. Developing a robust national brand is crucial; it should capture Nigeria’s vibrancy, diversity, and limitless potential.”

The CBN Governor said that the CBN under his watch had emphasised principles of transparency accountability and compliance, believing that those were unique selling points for the apex bank and the country.

He also added that achieving this task required a collective commitment to trust, transparency, and honesty by every Nigerian within and outside the country.

Cardoso remarked, “Specifically, over the past six months, the CBN, under my watch, has succeeded in stabilising the Nigerian foreign exchange market, with the exchange rate now enjoying excellent stability.

We have also moved to guarantee price stability and control inflation to ensure that ordinary Nigerians’ purchasing power is restored in the short to medium term.”

Zainab Odunayo
Zainab Odunayo
Zainab Odunayo is a News Reporter at Wakadaily News, specializing in politics and current affairs. With a strong passion for storytelling and a keen interest in social issues, Zainab brings insightful perspectives to her reporting.

Popular Related

Former-Akwa Ibom governor seeks ways out of FX crisis

Victor Attach, the former governor of Akwa Ibom State stressed that Nigeria refused from being one of the major foreign exchange earners in the...

FG to sanction airlines over delayed ticket refunds 11th December 2024

The Federal Government through the Nigerian Civil Aviation Authority (NCAA) is ready to sanction any airline that delays ticket refunds to passengers. The aviation body’s...

NBC trains 1,327 young entrepreneurs

In a commitment to youth empowerment in the country, Nigerian Bottling Company (NBC) Ltd., has trained 1, 327 young Nigerian in employability and entrepreneurial...

Employers reject FG’s expatriate employment levy

The Nigeria Employers’ Consultative Association has warned that the Ministry of Interior’s expatriate employment levy will discourage investment in the economy. The association also faulted...

Transcorp Power declares N3.13 dividend

Transcorp power, recently listed on NGX has announced a dividend growth of N3.13 per share. According to the report, the Nigerian Exchange Limited, the second...

Nigeria gets Afreximbank’s $1bn loan

African Export-Import Bank has approved the disbursement of a loan of $1.05bn supported by oil and gas development to Nigeria next month. The loan is...

Why Food Prices Crashed In Kano – Traders

The provision of portable water amd numerous access roads to major parts of the International Grains Market by the Islamic Development Bank (ISDB) and...

Okomu Oil Palm strengthens security collaboration after hoodlum attack

Following a recent attack on its facilities, Okomu Oil Palm Company Plc has collaborated with relevant authorities to bring the perpetrators to book. This was...

Tinubu committed to conclusion of Seplat-ExxonMobil deal – Lokpobiri

Heineken Lokpobiri, the Minister of State for Petroleum Resources, emphasized President Bola Tinubu’s dedication to completing the acquisition of Mobil Producing Nigeria Unlimited from...

Shakeholders canvass NRC privatisation

The Federal Government has received recommendation from the transportation expert in order to privatise the Nigerian Railway Corporation to drive efficiency and boost the...