Mr Gwadabe suggested collaboration among export-related agencies.
Mr Gwadabe commended the CBN for its recent reforms to boost the economy and its continued efforts to tame inflation.
Samuel Nzekwe, a financial analyst, said increasing MPR by CBN from 18.5 per cent to 18.75 per cent would make borrowing higher for the production sector.
The Monetary Policy Committee had raised the MPR from 17.5 per cent to 18 per cent at its last meeting in March.
Nigeria’s inflation rate reached a 17-year high of 21.09 per cent in October.
The increased CRR will limit banks’ lending capacity.
The apex bank says changing the rates at this time could worsen inflation and reverse recent economic gains.
![CBN Governor, Godwin Emefiele. [CREDIT: Bloomberg]](https://gazettengr.com/wp-content/uploads/CBN-Governor-Godwin-Emefiele.jpg)
The All-Share Index lost 46.93 points or 0.12 per cent to close at 38,802.15.
