Central Bank of Nigeria (CBN) Governor Olayemi Cardoso affirmed yesterday that the economy is on an upward swing despite the current difficulties.
According to him, all indices point to a fast-improving economy which will hit the $1 trillion Gross Domestic Product (GDP) target by 2030.
He spoke about how the service sector is driving the buoyancy and foreign reserves rising steadily to give room for confidence by foreign partners.
He spoke during his appearance before the House of Representatives Committee on Banking Regulations.
Cardoso explained the policy measures and strategies to address domestic macroeconomic challenges.
According to him, the recapitalisation policy is expected to result in a more robust and resilient banking sector by March 2026.
