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The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has expressed optimism about Nigeria’s economic direction, citing recent visits by top executives from JP Morgan, Citi Bank, and the International Monetary Fund (IMF) as clear indications of growing investor confidence. “Their interest shows that we are on the right path,” he remarked during a meeting with a delegation of scholars from the Harvard Kennedy School (HKS) Africa Trek at the CBN headquarters in Abuja.
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Cardoso pointed to progress in stabilising the foreign exchange market and curbing inflation, addressing key economic issues, and acknowledging recent challenges. He noted that these financial leaders base their decisions on data and trends rather than sentiment.
The Africa Trek delegation, comprising 50 students from 19 countries, included representatives from HKS, Harvard Business School, the Massachusetts Institute of Technology (MIT), and Stanford University. Their visit to Nigeria followed an earlier stop in Ghana, as part of a broader initiative to engage with key policymakers and economic stakeholders across the continent.
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As an HKS alumnus and the first African elected to the global HKS Alumni Board of Directors, Cardoso pledged the CBN’s commitment to fostering intellectual discourse and policy-driven solutions. “As we reposition the bank, we aim to serve as a hub for thought leadership. The exposure gained from institutions like Harvard is invaluable, and we view this as an opportunity to build long-term alliances,” he stated.
President of HKSAAN, Ms. Adaora Ndukwe, and Ms. Sheffy Kolade, HKS Nigeria Trek Delegation Lead, expressed gratitude to the CBN for hosting the delegation. They commended the bank’s openness to engaging with future policymakers and providing direct insights into Nigeria’s evolving economic landscape.
The Africa Trek initiative facilitates direct engagement between emerging global leaders and policymakers across Africa, exploring governance, economic development, financial stability, and the role of central banking in national growth. This visit marked the first time an Africa Trek delegation has been hosted at the CBN, demonstrating the Bank’s commitment to knowledge exchange and strategic partnerships.
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