Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has urged Nigerians to develop a stronger reading culture, particularly when it comes to key economic policy documents that provide insights into the nation's financial landscape.

Speaking at the unveiling of the May edition of the Nigeria Development Update (NDU) by the World Bank in Abuja on Monday, Cardoso expressed concern that Nigerians, including policymakers, do not take full advantage of valuable economic analyses that are readily available.

"I think it's a very useful document, and I really do want to commend the World Bank for taking the time and the effort to put this out every six months; very useful," Cardoso stated. "However, I do feel that Nigerians perhaps don't read enough. They don't take advantage of, and policymakers by extension, such useful analysis, which is readily available."

The CBN Governor emphasized the central bank's critical role in maintaining Nigeria's economic stability, highlighting key areas of focus for the apex bank.

"Price stability, financial stability—those are very key areas that we ensure that we are monitoring and ensure that we get ahead of," he added.

Cardoso's comments come as the World Bank rated Nigeria's economy positively in its latest report, projecting a growth rate of 3.4 percent for 2024. This assessment suggests that despite ongoing economic challenges, Nigeria's economy is showing signs of resilience and potential for continued growth.

The Nigeria Development Update is a semi-annual publication by the World Bank that provides comprehensive analysis of Nigeria's economic situation and offers recommendations for sustainable development. Cardoso's call for increased engagement with such documents underscores the importance of informed economic literacy among citizens and policymakers alike.