“It was either we aggressively address the high inflationary pressure or continue to pursue measures aimed at supporting recovery.”
According to APC in the state, the PDP-led administration in the state has collected loans of about N43 billion from May 2020 to date.
“That process is ongoing; we have already launched the policy.”
According to the report, the funds which ended February at N12.248 trillion rose to N12.34 trillion at the end of March.
The LCCI boss was optimistic that the CBN’s Monetary Policy Committee, set to meet next week, would address the persisting inflationary pressure.
Central Bank Governor Godwin Emefiele had in February confirmed that the naira has depreciated at the official market to N410 against the dollar.
“Excluding flows to Nigeria, remittances to sub-Saharan Africa increased by 2.3 per cent, demonstrating resilience.”
“It will be the place to be. Food sellers and other petty businesses will not be left out. Those coming for events will be served.”
“The review for possible downgrade reflects the rating agency’s view that the removal of all non-executive directors of the bank’s board by the regulator demonstrates corporate governance
The Buhari administration has been on a cash-printing spree since it assumed office in 2015, but showed little courage at being transparent about it.
