Davido, Burna & Digital Banking: 10 Highlights from CBN Governor’s Lecture

If you pictured the CBN Governor’s Annual Lecture Series as just another stuffy event with economic jargon, you definitely missed out. Held at the prestigious Lagos Business School, the inaugural edition was a VIBE. It was a mashup of serious policy talk, relatable moments, and a direct line to one of the most powerful economic leaders in the country.

The theme was "Next Generation Leadership in Monetary Policy and Nation Building”, and the event truly lived up to its name. Here are 10 highlights that show you exactly what you missed.

1. He Weighed In on the BIG Debates: Davido vs. Wizkid and Messi vs. Ronaldo

Forget monetary policy for a second. The student moderators from Pan-Atlantic University and Lagos Business School kicked off the fireside chat by putting Governor Olayemi Cardoso on the spot with the questions that will send you into a deep laugh. On the epic Davido, Wizkid, or Burna Boy debate, he played it safe with a diplomatic "tie." But when it came to the ultimate football face off between Messi and Ronaldo, he was decisive. His pick? "Ronaldo." The room erupted, proving that even at the highest levels of finance, the G.O.A.T. debate is still king.

2. A Lagos Danfo Became a Leadership Lesson

We've all been there, squeezed in a yellow bus during a downpour, wondering how the driver and conductor make it work. Spoken word artist Toluwanimi Oyeyemi captured this perfectly. She delivered a powerful performance using the chaotic, yet surprisingly organised, world of a Lagos danfo to paint a picture of leadership in tough situations. It was a creative and grounding reminder that even when your "windshield is blurry" and the odds are stacked against you, leadership is about getting people to the final bus stop. She noted, "they prove that even with everything working against you, motion is still possible."

3. Goodbye FX Mago-Mago, Hello Credibility

Remember when getting foreign exchange felt like a secret mission you needed special access for? Governor Cardoso broke down the move to a unified, "willing buyer, willing seller" framework. He explained that clearing the multi-billion dollar forex backlog wasn't just about paying debts, it was a massive credibility play. The most tangible result for young Nigerians? You can now travel and actually use your Naira debit card abroad. As he so aptly put it, "by the time I leave the central bank, you won't have to know anybody to get your business done."

4. Credibility is the New Currency

In a world of hype and quick fixes, what’s the one thing you cannot fake? Credibility. This was a core message from the Governor’s keynote address. He repeatedly emphasized that trust is everything for a person, an institution, and a nation. He shared a powerful story about his decision to clear the inherited forex backlog, admitting, "to be honest with you, I had no idea how I was going to do it, but I just felt it was not something to be negotiated." That single act, he explained, was crucial for rebuilding international confidence. The lesson for everyone in their own hustle? "Credibility once lost is hard to regain."

5. The CBN is Gearing Up for an AI and Digital Future

If you think the Central Bank is an old school institution, think again. Governor Cardoso made it crystal clear that "Digitization and AI... will be very, very key to the future effectiveness of any central bank." He revealed that the CBN is already moving towards becoming a paperless office and that the board of directors recently held a retreat focused entirely on this topic. It was a strong signal that the apex bank is serious about embracing the tech that defines our generation and using it to become more transparent and efficient.

6. There’s a Serious Plan to Get Inflation to Single Digits

Feeling the pinch every time you buy data, food, or anything else? The Governor didn't shy away from the reality of high prices, describing inflation as "a tax on hard earned earnings." He explained that the bank is using its tools to manage the economy, but the ultimate goal is clear and ambitious. "The idea is to ensure that in the medium term, we achieve single digit... inflation," he stated, assuring the audience that the bank will stay the course to protect the value of every Naira you earn.

7. We Witnessed the First Official Governor Selfie!

It is not every day you see the CBN Governor breaking his signature "straight face" persona. In true Gen Z fashion, the fireside chat hosts couldn't let the moment pass without a selfie. They challenged the Governor to show his "cheeky, fun face" for the camera, and he delivered, flashing a big smile for a picture with the entire auditorium. It was a fun, candid moment that closed the distance between a top policymaker and the young people his decisions impact.

8. The Crypto Conversation is Finally on the Table

Let’s talk about the elephant in the digital room: crypto. The Governor directly addressed the massive role cryptocurrency, particularly Binance, played when forex was hard to get. He acknowledged Nigeria's huge trading volumes and confirmed that the CBN is "deepening collaboration to ensure that all the different regulatory authorities can midwife a process that is sustainable with respect to digital currencies." While it is still a "work in progress," it was a major acknowledgment of a financial landscape that young Nigerians are already shaping.

9. Youth Seats Are Coming To The Policy Table

Ever wished you could pitch your ideas directly to the CBN? You are not alone. A student shot their shot and asked about creating a Youth Advisory Council or offering more internships. The Governor's response was incredibly positive. Calling the question-askers "people who are shooting their shots," which he loved, he gave a resounding "yes, yes, and yes" to the idea of the CBN acting as a catalyst to empower young people. It was a hopeful sign that more direct channels for youth engagement could be on the horizon.

10. His One-Word Forecast for Nigeria’s Future: Bright

After a deep and candid conversation, the Governor was asked to describe Nigeria's economic future in just one word. He reflected on the journey from two years ago when many had lost hope, to today where international investor appetite for Nigeria has seen an "incredible increase." He urged everyone to look at the data themselves and see the progress. His final, powerful word for the future? "Bright."

So yeah, it was more than just a lecture series. It was a clear signal that the conversation about Nigeria's future is happening now, and the CBN is getting the next generation very involved. If you missed the CBN Governor’s Annual Lecture, you missed more than a policy event.

You missed an institution proving that reform can be transparent, engaging, and even fun.

Be at the next one, don’t just read about it, be in the room, ask your question, shoot your shot, and be part of the conversation shaping Nigeria’s future.

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Source: Legit.ng