Governor of the Central Bank of Nigeria, Mr. Yemi Cardoso, is slated to lead discussions at the forthcoming 2024 edition of the Vanguard Annual Economic Summit. This announcement comes against the backdrop of a notable resurgence in the foreign exchange market, following his groundbreaking monetary policies and foreign exchange interventions over the past seven months.
The Naira saw a remarkable appreciation for the fourth consecutive week, closing at N1,260 per dollar in the parallel market yesterday, compared to N1,890 at the close of February 2024. Similarly, the Naira strengthened in the official market, closing at N1,255.07 per dollar as opposed to N1,760 in February.
Mr. Cardoso, who has been spearheading a series of reforms in the monetary sphere since July last year, will be delivering a keynote address on the central theme of this year’s event, ‘Reforms In The Era of Global Economic Uncertainties: Whither Nigeria?’.
The Vice President of the Federal Republic of Nigeria, Kashim Shettima, has earlier confirmed his attendance as the Special Guest of Honour at the event scheduled for May 23, 2024, at the Civic Center, Victoria Island, Lagos.
The Vanguard Annual Economic Summit, a yearly platform for economic development discourse hosted by Vanguard Newspapers, has gained significant prominence over the past seven years as a key avenue for the exchange of economic development ideas among Nigeria’s public and private sector leaders.
Moreover, the Panel Session will feature distinguished public and private sector leaders, including the Governor of Niger State, His Excellency Mohammed Bago, the Director General of the Lagos Chamber of Commerce and Industry (LCCI), Mrs. Chinyere Almona, the Director General of the Budget Office of the Federation, Mr. Ben Akabueze, the President of the Nigeria Labour Congress, Comrade Joe Ajaero, and the Managing Director of Financial Derivatives Co. Limited, Mr. Bismarck Rewane.
The primary goal of the summit, and specifically its theme, is to enlighten and engage stakeholders in the Nigerian economy, including foreign investors, on the critical issues, policy alternatives, and current strategies to tackle the economic hurdles ahead.
