Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, has called on Nigerians to resist the urge to leave the country, popularly referred to as “japa.”
Speaking at the 59th annual Bankers Dinner of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, Cardoso made a passionate appeal for unity and collective action.
“It is not a good idea to japa at this stage,” he said firmly, emphasizing the need for Nigerians to stay and help rebuild the nation.
A Call for Collective Responsibility
Cardoso outlined two key reasons why Nigerians should reconsider leaving.
First, he warned that those who sell off their assets to relocate would likely do so at a loss.
“You’ll be doing it for cheap,” he cautioned, adding that foreign investors would swoop in to buy such assets at bargain prices and profit when Nigeria’s economy rebounds.
Second, he urged Nigerians to be “part of the solution” to the country’s challenges.
“This is the time we need all hands on deck,” Cardoso stressed.
He highlighted the growing interest from foreign investors in Nigeria’s market, saying this signals potential for economic recovery.
“There are opportunities in the market today,” he noted, drawing from his experience over the past year.
Hope Amid Economic Challenges
Cardoso acknowledged the difficulties Nigerians face due to ongoing reforms but assured that these measures are designed to secure a brighter future.
“We are building an economy where every individual, every business, and every community can thrive,” he declared.
He emphasized that achieving this vision would require collaboration from all sectors.
“This vision will not be achieved by one institution alone. It requires all of us — banks, regulators, businesses, and citizens — to work together with steadfast resolve,” Cardoso added.
“Japa” Phenomenon: A Growing Trend
The term “japa,” derived from a Yoruba word meaning “to flee,” has become synonymous with the mass migration of Nigerians seeking better opportunities abroad.
Economic hardship, unemployment, and insecurity have driven many young Nigerians to pursue greener pastures in countries like Canada, the UK, and the United States.
In recent years, this trend has intensified, with professionals in various fields leaving the country in search of stability and better living conditions.
A Message of Optimism
Cardoso’s message comes at a critical time when many Nigerians feel disillusioned about the future.
His call for collective action and faith in Nigeria’s potential is an attempt to inspire hope and confidence.
“We, who are here, should be part of the solution for the better things which will come,” he said, urging Nigerians to take pride in their role in the nation’s recovery.
Reactions from the Public
The CBN Governor’s remarks have sparked mixed reactions.
While some applauded his optimism and call for unity, others expressed skepticism, citing persistent economic challenges.
