CBN Governor Receives International Central Bank of the Year Award
By Abiodun Folarin
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has formally received the prestigious Central Bank of the Year Award, dedicating the honour to the Board, management, and staff of the apex bank for their commitment to institutional reforms and economic stability.
Cardoso received the award at the Central Banking Awards ceremony held in London on June 10, 2026, where he described the recognition as a reflection of the collective efforts of the CBN rather than a personal achievement.
Speaking at the event, the CBN Governor expressed gratitude to Central Banking Publications and the award judges for the recognition and congratulated other institutions and individuals honoured during the ceremony.
He said the award belonged to the many professionals within the Central Bank whose dedication, integrity, and expertise have strengthened the institution and helped restore confidence in Nigeria’s economy.
“I accept this award on behalf of the Board, Management and staff of the Central Bank of Nigeria. Above all, it belongs to the many dedicated professionals who serve our institution with integrity, expertise, and an unwavering commitment to the public good,” Cardoso said.
Reflecting on the challenges confronting central banks globally, Cardoso noted that Nigeria had faced significant economic pressures in recent years, requiring difficult but necessary policy decisions.
He highlighted key measures undertaken by the CBN, including efforts to curb inflation, reforms in the foreign exchange market, and investments in digital and financial infrastructure aimed at supporting long-term economic development.
The Governor also cited major achievements recorded under the reform agenda, including Nigeria’s removal from the Financial Action Task Force (FATF) grey list and the successful completion of the banking sector recapitalisation exercise.
According to him, the Bank’s reforms have been driven by the need to restore confidence, strengthen institutional resilience, enhance policy credibility, and create a foundation for sustainable economic growth.
While acknowledging that challenges remain, Cardoso expressed optimism about the progress achieved and the growing confidence across the economy, attributing the gains to the support of the Federal Government, development partners, market participants, and the resilience of Nigerians.
“We receive this recognition with humility. We see it not as a destination, but as encouragement to continue the important work ahead,” he said.
Cardoso reaffirmed the CBN’s commitment to safeguarding monetary and financial stability, preserving public confidence, and discharging its mandate with integrity, professionalism, and accountability.
The award marks a significant international recognition for the Central Bank of Nigeria at a time when monetary and financial sector reforms remain central to the country’s economic recovery and long-term growth strategy.
