Hardship: I’m not responsible – CBN Gov, Cardoso cries out

Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has disassociated himself from Nigerians’ current economic hardships.

Cardoso stated that the current economic difficulties that Nigerians are experiencing are not his or his team’s fault.

On Tuesday, he commented during the Monetary Policy Committee (MPC) meeting in Abuja.

Cardoso assured that the central bank was adjusting to restore the nation’s financial and economic stability.

When asked if the nation’s economic problems are the result of the CBN’s policies that were implemented while he was in charge, Cardoso responded, “I laugh at that question but it’s not a laughing matter and I think it is very important for Nigerians to understand that the Central Bank Governor — I and my team — are not responsible for the woes that we have today; we are part of the solution.

“We are determined to ensure that we work hard to get out of the mess that Nigeria is in.

“We assumed responsibility in a time of crisis of confidence. There was a crisis of confidence and you may all want to go to bed and wish that crisis of confidence was not there but it was, and we can’t turn back the clock.

“All we can do is do the difficult things to make a bad situation better and I do believe that the efforts that we are making are beginning to bring back confidence because, to be frank, without confidence in your business, you are not going to get far.”