Friday, September 19, 2025 - Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged Nigerians, particularly traders, to desist from spraying, hawking, mutilating or counterfeiting the naira, describing the currency as a “critical national symbol” that embodies the nation’s economic identity.
Speaking at the Central Bank Fair on Thursday at Hotel
Seventeen, Kaduna and represented by the Ag. Director, Corporate
Communications, Mrs. Hakama Sidi Ali, Cardoso said the event provided a
platform to engage the public on CBN policies aimed at sustainable economic
growth.
Themed: “Driving Alternative Payment Channels as Tools for
Financial Inclusion, Growth and Accelerated Economic Development,” the fair
focused on the role of modern payment systems in boosting Small and Medium
Enterprises (SMEs) and other sectors essential for price stability and economic
advancement.
“I encourage you to respect and keep the naira clean. Do not
spray, hawk, mutilate or counterfeit the Naira. It is our critical national
symbol,” he stressed.
He added, “The core objective of this engagement is to
sensitise members of the public on how the Bank’s policies enhance their lives
and livelihood and contribute to the growth and development of the Nigerian
economy.”
The fair featured detailed presentations on key CBN
operations, including innovations in Nigeria’s payment systems, microfinance
sector developments, foreign exchange market updates, and measures to protect
financial consumers
“Our Management is committed to promoting productivity,
financial inclusiveness, and delivering on our mandate of monetary and price
stability,” the Governor added.
Highlighting the impact of these efforts, he noted
significant inflows of foreign investments, positive trade balances, and
remarkable progress in financial inclusion.
The CBN Fair offered participants a unique opportunity to
deepen their understanding of the naira, explore emerging financial tools, and
appreciate the Bank’s role in driving Nigeria’s economic growth
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