Cardoso Decries Low Public Engagement with Economic Information, Laments Only 2000 Accessed CBN Document

Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has expressed concern over the lack of engagement with vital economic documents, revealing that only around 2,000 people downloaded a recent publication by the CBN.

The document, which aimed to provide crucial insights into the country’s financial landscape, had minimal reach, sparking discussions on the need for improved financial literacy among Nigerians.

Dr. Cardoso’s comments shed light on challenges for both the CBN and the broader Nigerian government: the public’s lack of interest and involvement in understanding economic policies and reports that directly impact their daily lives.

He emphasized that while the CBN has made efforts to promote transparency and accountability, the limited response to the document illustrates a gap in public participation.

“This is a stark reminder of the need for more robust public engagement with the economic policies that shape our nation’s future.

“If the citizens don’t engage with these documents, it hampers the effectiveness of our efforts to foster economic stability and growth,” Dr. Cardoso said.

The CBN Governor pointed out that the country’s economic challenges cannot be addressed in isolation, stressing that a well-informed citizenry is crucial for the successful implementation of economic reforms.

He urged Nigerians to take a more active role in understanding financial matters, noting that such engagement could drive collective action for positive change.

In response to the low download numbers, the CBN is planning to revamp its digital platform.

This includes improving the website’s user interface to make economic reports more accessible and easier to understand.

The aim is to encourage greater participation and ensure that important information reaches a broader audience.

Nigeria is currently navigating significant economic reforms, including the unification of the exchange rate and efforts to stabilize the naira.

However, these measures will require widespread public understanding and support to be effective. Dr. Cardoso concluded that enhancing financial literacy and fostering better public engagement with economic issues are vital to achieving lasting economic progress in the country.