Inflation Battle: CBN Governor Cardoso Calls for United Front

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has made a bold call for stronger collaboration between fiscal and monetary authorities to tackle inflation head-on. Speaking at the 2025 Monetary Policy Forum in Abuja on January 30, he stressed that restoring economic stability requires coordinated action, not just isolated policies.

With the event’s theme, “Managing the Disinflation Process,” Cardoso assured attendees—ranging from top government officials to business leaders and economic experts—that the CBN is fully committed to price stability, inflation targeting, and restoring the purchasing power of Nigerians.

“Our focus must remain on taming inflation, strengthening policy credibility, and ensuring that our monetary policies work for the people,” he declared.

A Clear Path to Stability

The forum, hosted by CBN Deputy Governor for Economic Policy, Mohammed Sani Abdullahi, provided a crucial platform for discussing Nigeria’s inflation crisis. Abdullahi acknowledged that inflation remains one of the toughest economic challenges, affecting businesses and households alike. Government heavyweights, including Finance Minister Wale Edun, Budget and Economic Planning Minister Atiku Bagudu, and Industry, Trade, and Investment Minister Jumoke Oduwole, shared their insights and praised the CBN’s efforts in stabilizing the economy.

Big Ideas, Bold Solutions

The event wasn’t just talk—it featured deep dives into disinflation strategies led by top experts. Christian Ebeke from the International Monetary Fund (IMF) shared insights on “Navigating the Disinflation Journey,” while Professor Ahmadu Umaru Sanda of Usmanu Danfodio University explored lessons from emerging economies.

A power-packed panel discussion, led by CBN Deputy Governor Philip Ikeazor, tackled how to balance inflation control with economic growth. Experts debated the best monetary policies to drive stability without stifling business expansion.

The 2025 Monetary Policy Forum sent a clear message: Nigeria’s path to economic stability demands teamwork, strategic reforms, and unwavering focus. With the CBN leading the charge, there’s growing confidence that inflation can be tamed, investor confidence restored, and economic growth put back on track.

As the dust settles from this high-level forum, one thing is clear—the fight against inflation is far from over, but with the right strategies in place, Nigeria is on the right path.