Nigerian News

Cardoso Exonerates Self From Economic Woes

THE Governor of the Central Bank of Nigeria – CBN, Olayemi Cardoso has exonerated himself from blame for the current economic problem facing the country.

Cardoso, who made the comment on Tuesday in Abuja, also declared his team innocent, saying instead, that the CBN is taking necessary steps to get the country’s fiscal and monetary health back to normal.

‘’I think it is very important for Nigerians to understand that the Central Bank Governor — I and my team — are not responsible for the woes that we have today; we are part of the solution,’’ the CBN boss said at the Monetary Policy Committee – MPC, meeting of the apex bank.

“We are determined to ensure that we work hard to get out of the mess that Nigeria is in. We assumed responsibility in a time of crisis of confidence; there was a crisis of confidence and you may all want to go to bed and wish that crisis of confidence was not there but it was, and we can’t turn back the clock.

“All we can do is do the difficult things to make a bad situation better and I do believe that the efforts that we are making are beginning to bring back confidence because to be frank, without confidence in your business, you are not going to get far.”

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