The Central Bank of Nigeria has signaled a gradual economic comeback, pointing to a sharp drop in inflation and renewed investor confidence.
According to Sidi Hakama, Nigeria’s headline inflation fell from 34.8% in late 2024 to 15.06% by February 2026 — a major improvement attributed to ongoing monetary reforms.
She noted that the policies introduced under CBN leadership are beginning to deliver real, measurable results.
Reserves Surge to $50bn
One of the biggest highlights of the economic comeback is Nigeria’s foreign reserves, which have surged to $50.45 billion — up from less than $10 billion in previous years.
The CBN also revealed that:
- Capital inflows increased by nearly 200% between 2023 and 2025
- Investor confidence has strengthened significantly
These gains reflect improved trust in Nigeria’s financial system.
Reforms Driving the Turnaround
The progress has been linked to reforms led by Olayemi Cardoso, including:
- A more transparent foreign exchange regime
- Stronger monetary policies to control inflation
- Measures to attract foreign investment
The Central Bank of Nigeria says these steps are laying the foundation for a stable and resilient economy.
With inflation easing and reserves hitting new highs, Nigeria may be entering a new phase of economic stability.
If sustained, these reforms could mark a true economic reset — boosting growth, investment, and confidence across the country.
