According to the report, the CBN spent N137 billion on the RT200 plan in 2022.
According to the report, after Nigeria’s economy grew by 3.3 per cent in 2022, it is forecast to decelerate in 2023.
The massive funding comes against the backdrop of persistent poor power delivery to many homes and industrial sectors in Nigeria.
He said Mr Tinubu has already directed the acting governor of the Central Bank of Nigeria (CBN) to implement this directive in accordance with the ECOWAS protocol.
The president added, “I can’t believe the numbers I’m seeing, and I’ve had that experience before at the state level.”
Mr Osawi blamed the current hike in petrol prices on the exchange rate and other factors playing out in the global oil market.
Jim Osayande Obazee was tapped as a special investigator with the mandate to uncover vast corruption at the nation’s main banker and other institutions accused of public graft.
This is the first interest rate meeting and decision by the CBN since President Bola Tinubu took over on May 29.
The State Security Service charged Mr Emefiele on two counts bordering on alleged possession of firearms.
Regarding the Nigeria mission, the U.S. government announced that it would have an optional two-day stop in Nigeria following a weekend vacation after its trip from Ghana.
