By Junaid Abdullahi
Mr Yemi Cardoso has laid bare the lessons accrued to him in his capacity as Central Bank of Nigeria, CBN governor.
Cardoso is around seven months into the job, overseeing the floating of the naira among other of his signature policies.
In an interview with the International Monetary Fund African Department Director, Abebe Selassie, at the IMF/World Bank Spring Meetings in Washington DC, United States of America, held between April 11 and 20, 2024, the CBN governor recounted the experience he has garnered in office.
Speaking, “In terms of lessons also, I think, it is a bit surprising, quite frankly, that perhaps, one had expected that there was a greater understanding of some of the issues. Complex, though they are, I expected a greater understanding.
“I also found out that communication is also very important in all this. The expectation from the Central Bank of Nigeria was that one could wave a wand and that would be the end of the problem.
“In fact, in many cases, many blamed me for the woes that I had nothing to do with other than the fact that I was there to try and find solutions. On one or two occasions, I had to remind people that I didn’t do this; I am part of the solution.”
