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CBN Governor Cardoso Urges Nigerians to Rethink “Japa” Amid Economic Reforms
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has called on Nigerians to reconsider emigrating, commonly referred to as “Japa,” emphasizing the need for collective efforts to rebuild the nation.
Speaking at the 59th annual Bankers Dinner organized by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, Cardoso outlined two key reasons for his appeal.
He warned that emigrating often involves selling assets at undervalued prices, which benefits opportunistic buyers.
He also stressed the importance of being part of the solution to Nigeria’s challenges, citing increased interest from international investors in the country’s potential.
Cardoso acknowledged the difficulties caused by recent economic reforms but assured Nigerians that these measures aim to create an economy where businesses and individuals can thrive.
He urged collaboration among banks, regulators, businesses, and citizens to achieve this vision.
“Now is the time for all hands to be on deck,” Cardoso concluded.
It has been reported that a Nigerian won the 2026 Spelling Bee World Championship, which was held in Shanghai, China. The winner, Chinedu Great Okdediachi, has now returned home to Delta State after his victory.
It can be noted that the student had already emerged as one of the Gold Award winners in the Middle School Group category.
“Congratulations once again, Chinedu! Your success continues to inspire young Nigerians to pursue excellence through education. Welcome home, Champion!”
The young star has made Nigeria proud by winning the international competition.
President Bola Ahmed Tinubu has stated that his administration’s economic reforms have helped stabilise Nigeria’s economy and placed the country on a path toward steady growth.
He said “My reforms have stabilised Nigeria’s economy and put it on a path of steady growth.”
The President added that the reforms are creating more opportunities for development across the country.
However, many Nigerians reacted online, with some questioning the impact of the reforms and saying they have yet to experience the positive effects.
Nigerian politician and FCT Minister, Nyesom Wike, has said that he is aware many civil servants do not like him.
He shared that he understands why he is unpopular among some civil servants, explaining that funds previously spent on unnecessary conferences are now being redirected to road construction projects.
He said “Some people say conferences for corruption and I say what is that? You are going for conferences to do what? These are ways government funds are being diverted. I say put this money in this road here and the people will get the impact.”
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