Central Bank Outlines Strategic Priorities for 2026
The Central Bank of Nigeria (CBN) has outlined its strategic priorities; its governor, Olayemi Cardoso, dropped the hint at the 60th Annual Bankers’ Dinner of the Chartered Institute of Bankers of Nigeria.
The CBN said it will strengthen the banking system in 2026, deliver durable price stability, modernise payments, promote financial inclusion and foster responsible fintech innovation.
The authority also plan to build institutional capacity and efficiency, deepen partnerships and thought leadership; and reinforce Nigeria’s position as a trusted and respected central bank.
“Over the past year, we have collectively committed to restoring macroeconomic stability, rebuilding trust, and strengthening the credibility of the Central Bank of Nigeria.
“Our actions continue to reflect the policy direction we articulated from the outset. In other words, we said what we would do, and we have done it, transparently and consistently.
“The remarkable endurance and tenacity of Nigerians bolster our resolve at the Central Bank to improve our internal processes, deepen analytical rigour, and ensure that every policy is anchored on evidence, transparency, and our duty to the Nigerian people, even amid global uncertainties.
“More than 12 million contactless payment cards are now in circulation. Our regulatory sandbox has expanded to over 40 fintech innovators, enabling safe experimentation and responsible scaling of new digital-finance solutions.
“Revised agent-banking guidelines have tightened anti-money-laundering controls, including geo-fencing of high-risk areas, while improving consumer protection at the last mile.
“By remaining disciplined, forward-looking, and true to our mandate, we will ensure that Nigeria’s economy remains stable, inclusive, and primed for sustainable growth,” the CBN stated.
While noting that security matters fall outside the Bank’s mandate, the Governor empathised with families who have experienced loss or disruption due to security challenges. He expressed optimism that the government is taking steps to address these issues.
He emphasised the CBN’s role in maintaining stable and supportive economic foundations, enabling investment, livelihoods, and community resilience to grow as broader national initiatives progress.
Also, he noted that Nigeria’s economic diversification away from oil has greatly reduced the country’s susceptibility to oil price shocks. The Bank affirmed its determination to reduce inflation further, reiterating that the current double-digit rate is unacceptable.
The transition to an inflation-targeting framework is gaining traction, Cardoso said, supported by improved data analytics, strengthened communication, and the end of monetary financing of fiscal deficits, steps that have enhanced policy transmission and anchored expectations.
The Governor restated that there will be no return to the practice of financing fiscal deficits by the Central Bank. Ikeja Hotel Hits Highest Valuation in 52-Week, Gains 45%
