‘Don’t Japa’ – CBN Gov, Cardoso begs Nigerians

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Olayemi Cardoso, governor of the Central Bank of Nigeria, has urged Nigerians, particularly the young, to stay in the nation.

He gave his assurance that the apex bank was creating an economy that would allow businesses and everyone to prosper.

He made this plea during his keynote speech at the Chartered Institute of Bankers of Nigeria’s (CIBN) 59th annual Bankers Dinner in Lagos.

“It is not a good idea to japa at this stage. Two reasons. One, those who may decide they are going to do that, they will sell and get rid of their assets.

“You’ll be doing it for cheap. Predators, who are outside looking for bargains, will come and take it and pocket it, put it in their pocket and wait for the turnaround and sell it away.

“Number two, you want to be part of the solution. You want to be part of the solution, and this is time that we need all hands on them,” he said.

He claims that there are many opportunities in the industry right now and that, based on his experience over the last year and the previous six months, there has been a lot of interest in Nigeria.

Although recognising the significant effects of the reforms on Nigerians, the apex bank governor stated that the measures were intended to address current issues and secure the opportunities of tomorrow with the aim of building an economy where everybody thrives.

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