Opinion by topefasua: Saving the central bank via thecableng
Macroeconomic stability – including fiscal stability
This calls to mind another problem that central banks grapple with. Central banking is a game whereby you keep playing your hand very confidently, but you must be keen-minded enough to change tack and head the other way tomorrow. A central bank can pursue a policy of cutting interest rates to stimulate the economy at some point, and then changing tack to start contracting the economy by increasing interest rates after a while.
As it uniquely pertains to Nigeria, a certain house of representatives member has alleged the stealing of N89 trillion at the Central Bank of Nigeria. There are all sorts of allegations flying around and the cannon fodder that the opponents of the sitting governor have handy is his quest for political office. Indeed the quest for political office is unique and will hopefully be explained someday by the chief party.
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