Nigeria is gaining back the trust of investors, according to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso. He pointed out that recent visits from top executives of JP Morgan, Citi Bank, and the International Monetary Fund (IMF) show that confidence in the country’s economy is growing.

Speaking at a meeting with scholars from the Harvard Kennedy School (HKS) Africa Trek at the CBN headquarters in Abuja, Cardoso explained that Nigeria is making progress in stabilizing the foreign exchange market, reducing inflation, and tackling economic challenges. He added that financial leaders make decisions based on facts and economic trends, not emotions.

The Africa Trek delegation included 50 students from 19 countries, representing Harvard Kennedy School, Harvard Business School, the Massachusetts Institute of Technology (MIT), and Stanford University.

Their visit to Nigeria was part of a broader program to connect with policymakers and economic experts across Africa, following an earlier stop in Ghana.

As an alumnus of HKS and the first African elected to the global HKS Alumni Board of Directors, Cardoso emphasized the importance of knowledge sharing.

He said the CBN aims to become a center for economic ideas and discussions. He also stressed that learning from institutions like Harvard is valuable for building strong, long-term partnerships.

Ms. Adaora Ndukwe, President of the Harvard Kennedy School Alumni Association of Nigeria (HKSAAN), and Ms. Sheffy Kolade, the HKS Nigeria Trek Delegation Lead, thanked the CBN for hosting the delegation. They praised the Bank’s efforts in engaging with future policymakers and providing insights into Nigeria’s economic progress.

With ongoing improvements, Nigeria continues to position itself as a promising destination for investment.