Lamido Sanusi, former governor of the Central Bank of Nigeria, has tasked the incumbent governor, Olayemi Cardoso, to implement monetary policies to help reduce inflation and the hardships Nigerians face. Sanusi disclosed this in a statement on Sunday after he led the Impact Investing Community team to the CBN Headquarters.
According to him, the activities of the apex bank can turn around the economic challenges Nigerians grapple with with the right monetary policies. He urged the leadership of CBN to do everything to reduce the economic hardship in the country.
'The Bank's activities have a massive impact on the lives of Nigerians, and many people often do not know the impact of a Central Bank's work until a Central Bank fails. I urged the new leadership at the CBN to work persistently at driving down the rate, which had severely impacted the wealth of individuals,' Sanusi stated. Recall that Nigeria's inflation had continued to rise with the September figure, which stood at 26.72 per cent.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sanusi set to return for Porto’s Champions League matchThe Nation Newspaper Sanusi set to return for Porto's Champions League match
Read more »
Sanusi to Cardoso: bring down inflation to protect people’s wealthThe Nation Newspaper Sanusi to Cardoso: bring down inflation to protect people's wealth
Read more »
Why Central Bank must bring down inflation, by SanusiThe Nation Newspaper Why Central Bank must bring down inflation, by Sanusi
Read more »
Adopt strategic measures to drive down inflation, Emir Sanusi tells CardosoA Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Read more »
'The Delborough Lagos' Will Reduce Overseas Holidays, Strengthen Nigerian Economy — Ex-IGP BabaA former Nigeria's Inspector-General of Police (IGP), Usman Alkali Baba, has said that The Delborough Lagos will reduce the massive outflow of Nigerian elite
Read more »
‘The Delborough’ will reduce need for overseas holidays, strengthen Nigerian economyA former Nigerian Inspector-General of Police (IGP), Usman Alkali Baba CFR, said The Delborough Lagos will reduce the massive outflow of Nigerian elites going for holidays overseas, thereby strengthening the country's economy.
Read more »