From $7bn FX backlog to $50bn reserves: Experts credit Cardoso’s CBN reforms for economic turnaround

Economic experts have credited the reforms introduced by Central Bank of Nigeria Governor Olayemi Cardoso with pulling the nation's economy back from severe structural instability and repositioning it for sustainable growth. In separate interviews with the Nigerian Tribune in Abuja, the experts highlighted Cardoso's focus on addressing a $7 billion foreign exchange backlog and building reserves to $50 billion. They said the reforms have contributed to a turnaround in the economy.

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