The Central Bank of Nigeria, on Thursday, reaffirmed its commitment to sweeping economic reforms aimed at stabilising the economy and positioning the country for a $1tn economy by 2030.

The Deputy Director of the Corporate Communications and Investor Relations Department at the CBN, Mrs Sidi Hakama, disclosed this during the Investor Relations “CBN Special Day” at the 47th Kaduna International Trade Fair.

Hakama, who was represented by a Deputy Director at the bank, Abbas Ahmed, said the theme of the fair, “From Reforms to Results: Economic Transformation through Sustained Local Content Development,” aligns with the apex bank’s reform agenda.

“It is my honour and privilege to warmly welcome you, on behalf of the management and staff of the Central Bank of Nigeria, to the CBN Special Day at the ongoing 47th Kaduna International Trade Fair,” she said.

She described the Kaduna International Trade Fair as one of the most important platforms for direct engagement with stakeholders on policies that shape economic outcomes.

According to her, the CBN’s domestic reform agenda is focused on promoting sustainable economic growth, strengthening local content development, and building resilience against adverse external shocks.

Hakama said that under the leadership of the CBN Governor, Mr Olayemi Cardoso, the bank had implemented “bold and foundational reforms” to reposition the Nigerian economy.

These reforms include the unification of the foreign exchange rate and the ongoing bank recapitalisation exercise to strengthen the financial system and enable it to support the aspiration of a one-trillion-dollar economy by 2030,” she said.

She added that the bank had introduced the non-resident Bank Verification Number to connect Nigerians in the diaspora to local banking services and deployed the B-Match system for foreign exchange trading to enhance transparency.