Nigerian economists and financial analysts are calling on the federal government to reassess its policies in key sectors like manufacturing, agriculture, and energy to combat soaring inflation. The country's headline and food inflation climbed to 34.60 percent and 39.93 percent in November 2024, prompting concerns about the impact on citizens' purchasing power and ability to meet basic needs.
Nigeria n economists and financial analysts said the federal government must reevaluate its policies around critical sectors such as manufacturing, agriculture, and energy sectors to bring down rising inflation. Professor Godwin Oyedokun, a don at Lead City University in Ibadan and the Chief Executive Officer of SD & D Capital Management, Gbolade Idakolo, disclosed this in separate interviews with DAILY POST on Monday.
'Regarding the Central Bank of Nigeria's Monetary Policy Committee, CBN MPC, if they are perceived to be engaged in an 'aimless chase' in addressing inflation, it suggests a disconnect between their policies and the realities on the ground.
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