Amanze Chinonye
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, hosted a high-level delegation from British International Investment (BII) as part of ongoing efforts to deepen financial sector reforms, attract long-term foreign capital and strengthen investor confidence in the Nigerian economy, Prime Business Africa reports.
The delegation was led by BII Chair, Ms. Diana Layfield, and included the British High Commissioner to Nigeria, Mr. Richard Montgomery, alongside senior officials of the UK development finance institution.
During the meeting, Cardoso reaffirmed the apex bank’s commitment to macroeconomic stability, the pursuit of a credible monetary policy, and the implementation of a transparent, data-driven regulatory framework. He said these measures are central to improving financial intermediation, strengthening the resilience of the banking sector and restoring confidence among domestic and foreign investors.
Join our WhatsApp ChannelThe CBN Governor stressed that development finance institutions with a long-term investment outlook and strong governance standards remain critical partners in Nigeria’s reform agenda, particularly at a time when the country is working to stabilise its macroeconomic environment and unlock sustainable private-sector growth.
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Discussions during the engagement focused on recent developments in Nigeria’s financial services sector, BII’s investment outlook, and opportunities for deploying patient capital to support banking sector stability, expand financial inclusion and promote sustainable economic growth.
In her remarks, Layfield reaffirmed BII’s continued interest in Nigeria, noting that regulatory clarity, policy consistency and sustained engagement with key institutions are essential for mobilising long-term investment and supporting inclusive growth.
British International Investment is the United Kingdom’s development finance institution, wholly owned by the UK Government through the Foreign, Commonwealth and Development Office (FCDO). The institution manages assets estimated at about £9.9 billion and supports more than 1,600 businesses across emerging markets.
The meeting underscores the CBN’s broader strategy to position Nigeria’s financial sector as a stable and attractive destination for long-term foreign capital, anchored on reforms aimed at transparency, resilience and sustainable growth.
Amanze Chinonye is a Staff Correspondent at Prime Business Africa, a rising star in the literary world, weaving captivating stories that transport readers to the vibrant landscapes of Nigeria and the rest of Africa. With a unique voice that blends with the newspaper's tradition and style, Chinonye's writing is a masterful exploration of the human condition, delving into themes of identity, culture, and social justice. Through her words, Chinonye paints vivid portraits of everyday African life, from the bustling markets of Nigeria's Lagos to the quiet villages of South Africa's countryside . With a keen eye for detail and a deep understanding of the complexities of Nigerian society, Chinonye's writing is both a testament to the country's rich cultural heritage and a powerful call to action for a brighter future. As a writer, Chinonye is a true storyteller, using her dexterity to educate, inspire, and uplift readers around the world.
