By John Ogunsemore
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso said those relocating from Nigeria will miss the positive results of the reforms being undertaken by the apex bank to bolster the economy.
He emphasised that the apex bank is building an economy where everybody and business can thrive.
Cardoso said this in a keynote address at the 59th annual Bankers Dinner of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos.
“It is not a good idea to japa at this stage. Two reasons. One, those who may decide they are going to do that, they will sell and get rid of their assets.
“You’ll be doing it for cheap. Predators, who are outside looking for bargains, will come and take it and pocket it, put it in their pocket and wait for the turnaround and sell it away.
“Number two, you want to be part of the solution, and this is the time that we need all hands on deck,” he said.
The CBN governor maintained that there are opportunities in the market today, adding that there has been renewed interest in the Nigerian economy from abroad over the past year, especially in the past six months.
While acknowledging the challenges posed by ongoing reforms, Cardoso said, “We are building an economy where every individual, every business, and every community can thrive.
“This vision will not be achieved by one institution alone. It requires all of us — banks, regulators, businesses, and citizens — to work together with steadfast resolve.”