{"id":310817,"date":"2024-02-19T06:59:32","date_gmt":"2024-02-19T05:59:32","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=310817"},"modified":"2024-02-19T06:59:32","modified_gmt":"2024-02-19T05:59:32","slug":"my-job-second-most-difficult-on-earth-cardoso","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/02\/19\/my-job-second-most-difficult-on-earth-cardoso\/","title":{"rendered":"My Job Second Most Difficult On Earth \u2013 Cardoso"},"content":{"rendered":"<ul>\n<li><strong>CBN Governor Cardoso describes job as second most difficult globally, optimistic about positive economic trajectory and recent reforms&#8217; impact<\/strong><\/li>\n<li><strong>Cardoso highlights $1.8bn influx into markets, expects economy to improve, aims to make monetary policies more investor-friendly<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described his job as the second most difficult in the world.<\/p>\n<p>He said the Federal Government\u2019s reform and other actions are paying off.<\/p>\n<p>Cardoso spoke Sunday in Abuja at the opening of the 2024 First Plenary Assembly of the Catholic Bishops Conference of Nigeria (CBCN).<\/p>\n<p>The event was themed, \u201cSynod on Synodality: Areas of Concern for the Church in Nigeria \u201c<\/p>\n<p>\u201cI will continue to remember that despite (my job) the second most difficult job on the face of the planet, this is really something that remains very memorable,\u201d the CBN governor said.<\/p>\n<p>Cardoso, the chairman of the occasion, expressed optimism that despite all the difficulties, there was light at the end of the tunnel.<\/p>\n<p>\u201cDue to some of the recent reports from the CBN, over the last week, about $1.8bn came into the markets.<\/p>\n<p>\u201cAs long as the country can sustain a positive trajectory, Nigeria will get out of its economic woes, and the foreign exchange market will begin to moderate itself,\u201d he said.<\/p>\n<p>He said the apex bank will soon hold the <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/02\/19\/presidency-responds-to-atikus-criticism-of-forex-policy\/\">Monetary Policy Committee<\/a> (MPC) meeting, where critical decisions will be made to continue making the economy more investor-friendly.<\/p>\n<p>Cardoso said an attempt to merge the official rate with the black market rate had been made, adding that the difference between the two is now significantly lower.<\/p>\n<p>\u201cThere is a positive outlook on that. The positive outlook comes from the fact that the federal government and the Central Bank have made a series of reforms, which are now paying off in such a way that international investors are returning in again,\u201d he said.<\/p>\n<p>He said one of Nigeria&#8217;s economic advancement problems is finding ways to move beyond being a consumer nation and shelf appetite for foreign goods.<\/p>\n<p>\u201cYou have got to move as a country beyond being a consumer nation. And it is something that we, as Nigerians, have been talking about for so long, but we\u2019ve not been able to actualize it.<\/p>\n<p>\u201cThe other thing, of course, is to moderate appetite for foreign goods. And that\u2019s closely related to what I had said earlier about becoming a producer nation because, at the end of the day, many of the things you see and many of the things that bother a lot of people for foreign exchange are all essentially down to demand and supply,\u201d Cardoso said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBN Governor Cardoso describes job as second most difficult globally, optimistic about positive economic trajectory and recent reforms&#8217; impact Cardoso highlights $1.8bn influx into markets, expects economy to improve, aims to make monetary policies more investor-friendly Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described his job as the second most difficult [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":291124,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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