The CBN's N100bn fertiliser allocation to farmers came alongside FG's distribution of 42,000 tons of grains in North West.
Cardoso revealed that market distortions undervalued the naira, vowing the culprits will be punished.
They said his clarification will boost investor confidence in the economy.
"Mitigating a significant portion of these demands could have resulted in a considerably stronger naira today."
“Ultimately, I see a situation where people who require foreign exchange don’t have to know anybody in the banks.”
He said he was confident outstanding FX liabilities would be addressed shortly.
"A banker needs to have a broader view and not micro manage... you need the big picture to be a…