CBN Policies Averted Economic Crisis, Says Deputy Governor

The Deputy Governor of the Central Bank of Nigeria (CBN), Emem Usoro, has said the bank’s ongoing reforms and policy interventions helped shield Nigeria from a potential economic crisis.

Speaking at a financial sector forum, Usoro noted that decisive monetary and regulatory measures were introduced at a critical time to stabilize the economy and restore investor confidence. She explained that the CBN focused on tightening financial oversight, improving liquidity management, and implementing targeted reforms aimed at strengthening key sectors.

According to her, these policies helped curb volatility in the financial system, supported the naira, and ensured continued functioning of critical markets despite prevailing economic pressures. She added that coordinated efforts with fiscal authorities also played a role in maintaining macroeconomic stability.

Usoro emphasized that the bank remains committed to sustaining reforms that promote growth, price stability, and resilience in the economy. She noted that ongoing policy adjustments are designed to address inflationary pressures while supporting productive sectors.

Economic analysts say the remarks highlight the CBN’s proactive stance in navigating challenging conditions, though they stress the need for sustained policy consistency to consolidate gains.

The apex bank reiterated its commitment to safeguarding Nigeria’s financial system and fostering long-term economic development through prudent monetary policies.