Cardoso Vows To Boost GDP to $1trn in 8 Years’ As A CBN Governor
Cardoso Vows To Boost GDP to $1trn in 8 Years' As A CBN Governor. The newly confirmed Central Bank of Nigeria, CBN, Governor, Dr. Olayemi Cardoso, has disclosed plans to shore up the country's Gross Domestic Product, GDP, to $1 trillion in eight years. Cardoso spoke while answering questions from senators during his screening and confirmation as the apex bank governor. He assured the ratified board would adopt several strategies to repair the economy, including short-term and medium-term goals. According to him, to achieve stability in Nigeria's exchange rate, measures must be put in place to ensure a healthy balance of payment and diversification of the economy. "When you look at the dimension of inflation, we will be doing evidence-based monetary policy. We shall not be making decisions based on a whim. "We will significantly rebound the infrastructural demand concerning ensuring that our data gathering capacity is enhanced so we can make decisions based on pr